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New season puts a spring in Perth's property market despite shortfall

The Sydney Morning Herald
New season puts a spring in Perth's property market despite shortfall - Perth - Australia - property market


Perth's property market is running low on homes to sell as it heads into the traditionally busy spring period, putting price rises on the horizon.



Warmer weather and the end of the football season has historically seen a flurry of people wanting to sell or buy property and after three years of a sluggish market Perth real estate agents are predicting this will be the best spring for some time.

"When the sun's out, the flowers are out [and] people decide around spring time 'let's make a move' [in the property market]," Professionals Real Estate WA chief executive David Hobbs said.

"In winter people hibernate, they ride out the cold and wet. It really is a good time for real estate agents [in spring]."

Activity increased by one-third during spring, Mr Hobbs said.





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