The Perth property market continues to hold steady in the face of eight consecutive interest rate increases in 2022.

REIWA CEO Cath Hart reports: “Our market remains resilient and stable, particularly when compared to the east coast.” Read the full report here.

2023 is sure to be an interesting year for Perth. However, there are some key changes in our local markets that we should take note of now. Buyers’ are certainly more cautious in their decision making and this has resulted in a flight to quality! For those properties that are in need of work, lacking light, are of poor design, or on busier roads etc, buyers are typically expecting bigger discounts on prices. However, the better properties are still selling well.

This is where we stand apart and are able to ensure you get the best possible price when it comes to the sale of your home. With property development experience and the best industry contacts, we are able to project manage any home improvement works that we think will get your property up to the standard required for a successful sale. Read how we increased one home’s value by $50K here.

From there, sales strategy, pricing strategy, presentation and marketing of your property is even more important now than ever. I can’t stress this enough, and those who don’t get this right will risk being exposed to longer sales campaigns and potential price reductions.

If you’re wondering where your Melville property sits in the current market, we can provide a complimentary and obligation-free price update on your property.

Get in touch on 0447 120 125 or james@mgpproperty.com.au to discuss.