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Perth market snapshot for the week ending 3 May 2020
Sales activity decreased 7.2 per cent in Perth this week, with REIWA members reporting 400 transactions.
Perth property prices stabilise despite lower sales volume
The latest reiwa.com data has shown that Perth’s property prices have held in April despite sales volume dropping 40 per cent to 1,277 for the month.
New strata laws to make strata better
The much-anticipated Strata Titles Act 1985, also known as the strata reforms, will come into effect as of Friday 1 May. REIWA strongly supports the new legislation and worked closely with Landgate and the WA Government to ensure that the real estate industries concerns were taken into consideration.
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