Sep 5, 2020
The busiest markets in Australia right now are the
cities where Covid-19 is contained and life is unrestricted – apart
from the border closures, of course.
The busiest markets also include those where
first-home buyers are the most active cohort, boosted by high
levels of government help and low levels of interest
And the busiest markets also include those where vacancies are
ultra low and there is upward pressure on rents. Because that
usually translates into rising prices.
One city has all three of those trends highly
prominent right now.
That city is Perth.
The Perth market has shown greater resistance to the pandemic
impact than most Australian markets in terms of sales
And its market is now pumping strongly, led by first-home
A standout feature of the Perth market is that many of
the precincts with the best performance are at the affordable end
of the market, reflecting the reality that first-home buyers are a
major force in the market at present, more so than
This trend has been enhanced recently by the Federal
Government’s HomeBuilder grant, which has inspired people to buy
residential land to build new homes.
The data shows major increases in Perth residential sales in
July, for houses and especially for residential land.
Sales overall in Perth rose 68% in July, compared to April,
while sales of residential land increased 121% - in other words,
land sales more than doubled.
The Perth market is pumping strongly – and this makes
the new release of our latest edition of the Top 5 Perth Hotspots
report very timely.
The report highlights the best places to buy at a time when
the Perth making is making its long-awaited comeback.
Perth has become the most affordable of the Australian capital
cities – so it’s a great time to be buying there as an
So get yourself a copy of the Top 5 Perth hotspots
report and learn more about one of the nation’s hottest