Perth is around 5 square kilometres in size with a population of more than 2 million people. The predominant age group in Perth is 25-34 years with households being comprised primarily of childless couples.
Traditional agent commissions in Perth
To sell a property in Perth via a traditional agent you can expect to pay around 2.5 - 3.25% plus GST on average. On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. For example, in a competitive suburb, the top upgrade available on realestate.com.au may be several thousand dollars. All up, your total cost is likely to be at least $14,000 if you decide to sell with a traditional agent as opposed to as low at $694 if you sell your home yourself with the help of PropertyNow.
The real estate market in Perth
Experts are suggesting that Perth may be nearing the bottom of its market however it is still very much a buyers market at the moment, with listing numbers higher than a year ago and an average selling time of 61 days (as opposed to just 48 days a year ago). Whether values will stabilise or return to previous growth still remains to be seen.
Dwelling values in Perth have been declining for more than 12 months but have recently started to stabilise. Overall dwelling values have declined by 2.1% in the last 12 months, and 0.5% in the last three months.
As of June 2016 the median dwelling value in Perth was $505,000 with median house values at $523,500 and median unit values at $415,000.
Weekly rents have also been falling, with a dramatic drop of 9% over the last year and a median rent of $600 per week.
Selling property in Perth without an agent
We've had a number of clients use our services in Perth specifically, and WA more generally. Given the difficult market conditions in Perth at the moment, by not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at a significant advantage. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Perrth, as well as an estimated value of your property itself.
Testimonial from clients in Perth
PropertyNow market properties and support owners to sell privately nationwide. We also maintain extended hours to account for the time difference between the eastern and western states.
Peter who sold his Kallaroo property in 2016 with the help of PropertyNow said "Very good experience from start to finish with Property Now. Easy to use, support when I needed it. And a result!"
Shannon who leased her Burns Beach property in 2016 with the help of PropertyNow said "I was a little bit nervous about doing myself, but decided I would give it a try and could always use an agent if it didn't work out. Well within a week our place was leased out for more than what agents in the area had quoted!"
*Authored June 2016. Please contact us if you require more recent information or advice about leasing or selling a property in Brisbane yourself.