Perth comprises of over 5,197 real estate agents and 1,157 real estate agencies, and choosing the right individual to sell your property can be challenging. Which Real Estate Agent helps sellers make an informed decision by comparing all Perth real estate agents within your property’s immediate surrounds and outlines the following information in an unbiased and free report.
Companies have good and average employees and real estate is certainly no different. We analyse all individual agents so you know exactly which agent to approach. Our report highlights those who sells:
Select Selling or Renting (in map) to show correct type of commission rate for your situation.
The figures shown are an average. Agents charge different amounts based on a range of factors including property, price and likelihood to sell.
The chart below is updated daily and is current to 29th March 2017.
In their last yearly property market update, issued January 2014, RP Data provided the following summary of the Perth real estate market. We update this section every January, when the new report is issued.
“Perth home values increased by 6.9 per cent over the 12 months to
January 2014. Over the year house values recorded an annual increase of
6.9 per cent which was slightly lower than the 7.5 per cent increase in unit
values. Compared with the same time in 2013, values rose by 2.8 per cent
for houses and by 1.6 per cent for units.
With home values rising over the year, both house and unit values
are now above the level of their previous peak, up 2.5 per cent and 0.1
per cent respectively. Between January 1999 and January 2004, Perth
home values increased by a total of 75.4 per cent followed by an 85.1 per
cent increase in values over the five years to January 2009.
Over the most recent five years total capital growth has been
significantly lower at just 13.6 per cent. Over the 15 year period to
January 2014, Perth home values have increased at a compounding
annual rate of 9.1 per cent.
A sharp rise in Perth home sales over the past year but it may have peaked
Over the 12 months to November 2013, RP Data estimates that there
were 35,832 house sales and 7,771 unit sales across Perth. House sales are
14.4 per cent higher over the year and unit sales are 6.3 per cent higher.
The annual number of house sales is currently at its highest level since
January 2007 and unit sales have trended lower over recent months.
Although at a headline level sales volumes are trending higher, the
monthly data indicates that over recent months there has been a fall in
sales activity which is in line with the slowing of value growth potentially
indicating that sales activity may have peaked.
Perth rental growth has decelerated sharply over the past year
The median house rent across Perth was recorded at $505 per week at the
end of January 2014 and the median unit rent was $452 per week. Over
the year, house rents have increased by just 0.1 per cent compared to a
2.6 per cent increase in unit rents.
There has been a significant slowing of rental growth over the year
and rental growth is well below the five year average level. Over the past
five years, house rents have increase at an average annual rate of 5.0 per
cent and unit rents have risen by 5.1 per cent per annum.
Rental growth has significantly underperformed the growth in home
values resulting in yield erosion over the year. Gross rental yields are
currently recorded at 4.2 per cent for houses and 4.8 per cent for units
compared to 4.5 per cent for houses and 5.1 per cent for units one year