The market certainly appears well into the recovery phase.

Sales in March across our 5 offices have been the highest since 2008 and so far we have sold 72 properties with a value in excess of $32 million in the first 27 days this month.

So if you wish to take advantage of a strong market to sell your property please contact me for a chat or an appraisal.

For buyers, we have a great selection of properties still available at yesterday’s prices.

The market certainly appears well into the recovery phase.

Sales in March across our 5 offices have been the highest since 2008 and so far we have sold 72 properties with a value in excess of $32 million in the first 27 days this month.

So if you wish to take advantage of a strong market to sell your property please contact me for a chat or an appraisal.

For buyers, we have a great selection of properties still available at yesterday’s prices.

The Reserve Bank has kept interest rates on hold for March but the banks are vying for new business.

There are excellent variable rates available and of course fixed rates are two (2) years at a very low 4.99%

We sold 62 properties in February for a total price of nearly $28 million with most buyers being prepared to negotiate an outcome satisfactory with sellers.

We have a really good range of properties still available at attractive prices so please call me if I can help.

Labour Day commemorates the granting of the eight-hour working day for Australians. It also recognizes workers’ contributions towards the nation’s economy.

Many people use the long weekend to relax, spend time with friends or family members, play or watch sport, have barbeques.

Stocker Preston hope you have a safe and enjoyable time and if we can assist in making your weekend destination a more permanent one, then please contact one of our professional real estate agents. We have a great selection of properties available.

The median house price in Perth increased by 6.1% over the past year.

Properties listed for sale have reduced to 9,421 down from 14,299 at the time last year.  The number of listings across our 5 offices are also decreasing as Buyers move to secure property at today’s price.

Westpac amended a 2 year fixed rate at 4.99% and other Banks are expected to follow.  So there are well priced properties and cheap money available making it a great time to buy property where you wish to live in it or secure an investment where rents are strong.

The Westpac Consumer Sentiment Index rose by 7.7% in February to 108.3.  A reading above 100 indicates positive sentiment which outweighs negative sentiment (Bill Evans – Westpac Economist).

The share market has gone over the 5000 barrier to the highest close since 2008.

The Commonwealth Bank may drop interest rates later this year outside the Reserve Bank decisions should the cost of wholesale funding reduce later this year

REIWA reports 1076 property sales in Perth last week against 656 for the same week last year. 

All in all, a good positive week.

The Leeuwin Concert is this weekend with concert goers being accommodated from Bunbury to Augusta.

These events provide the opportunity for visitors to not only enjoy the performance but highlights the fantastic lifestyle afforded in this beautiful south-west corner of WA.

Whilst it may not be a busy weekend at real estate offices, I think it sows the seed with a number of people looking to enjoy a better lifestyle away from the increasingly busy Perth area.

Hope you enjoy the concert if attending or just a weekend promising sunshine and lazy days at the beach.

January has recorded the highest level of sales across all Stocker Preston offices for 4 years. With a few days to go we have recorded 60 sales with a total value of around $27 million.

This has varied in price from $100K for a vacant block up to $1.6M for a property in Quindalup.

The level of enquiry remains solid and we need more listings to meet demand. Please contact us if you wish to discuss the above or the sale of your property.

Weather for this weekend is forecast in the 30’s so should be great to enjoy celebrating Australia Day.

We are fortunate enough to live in a country with great climate, is safe and a healthy democracy (even if we disagree on which party is the best to govern!)

Our economy is still strong and we have seen the real estate market recover in recent months as buyers take advantage of lower prices.

Enjoy this weekend and look forward to 2013 with increased confidence.

2013 is here and everyone seems to believe that this will be a positive year in terms of economic recovery leading to a period of greater prosperity ahead.

After enduring 4 years of the GFC, it will be a great relief if better trading conditions eventuate in all sectors of the economy.

May 2013 be a great year for you and please call in at any of our offices for an update of the market.