A record 37 suburbs joined Perth’s million dollar club in 2024, taking the total number of suburbs with a median house sale price of $1 million to 100. REIWA CEO Cath Hart said strong price growth over 2024 was behind the significant increase. “In a typical year, only a handful of suburbs would see their median house sale price rise above $1 million,&rdqu...
With properties selling in record time recently, many sellers have overlooked the benefits of holding an auction. However, REIWA data suggests a shift could be on the horizon, with auctions expected to be back in the picture this year. The numbers: Auctions v private treaty sales Pre-COVID, the median time to sell a house was 51 days, but 29 days via auction. Fast forward t...
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