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New study reveals Perth suburbs selling faster than in boom

The Real Estate Institute of Western Australia has revealed 10 Perth suburbs where properties are selling faster now than during the mining boom, with four of the top 10 in the western suburbs.

Rossmoyne experienced the biggest improvement with an average of 62 days to sell a property in the suburb in the year to January 2017, 22 days faster than its average in the year to January 2014, according to Reiwa data.

“Churchlands, Glen Forrest and Dalkeith are also experiencing faster selling times, with each suburb improving by 15 days in the year to January 2017 compared to the year to January 2014,” Reiwa president Hayden Groves said.

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Comments

What is the average selling price in those suburbs in 2017 compared to the boom year in question?

Victoria Park
There is a lot of good news for Perth property and we shouldn't rely on the median to give us an indication of what is happening in the market especially as REIWA President admits there are 500 properties for sale in Baldivis which will skew the data.

Parramatta
We can buy 2 houses in Baldavis each 4 bedroom house for the same price which we need to spend to buy a 2 bed room unit In Parramatta Sydney..so why to waste money in Sydney..

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