Ray White On The Market

contents With the 2020 year now in full swing there is a real feeling of optimism in the market as well as the industry here in Western Australia. With more buyers visiting open homes and attending auctions across the state, property is starting to move more than in the last few years. Fifty percent more to be exact! Our network recorded $139 million in unconditional trading sales value for January which was up $49 million for the same month last year. Sales numbers were also up, with 212 sales for January, but this was only 10% up on the previous year. Clearly this is a good sign that the higher priced markets, particularly in Perth, are moving which signals confidence from buyers. We have been anticipating a lift in the market and these figures support that thinking, which is welcome relief for home sellers who have had major price adjustments from the peak of the last boom. However, our caution to sellers is not to get too carried away with these optimistic indicators and over price their property. Over pricing is still the major impediment to achieving a successful sale. The good news is, this can be easily avoided by employing the auction method of sale, removing an asking price and opening your property up to more buyers. Enjoy this month’s edition. Best wishes, MarkWhiteman Chief Executive Officer Ray White Western Australia ENEWEDOPTIMISM R 02 RAYWHITEWELCOMES Welcoming our newest agents to the WA network ON THE MARKET | FEBRUARY 2020 04 DESIGN TRENDS 2020 Top 8 trends for the new year 07 PRESTIGE PROPERTIES Presenting Perth’s prestigious properties 12 PROPERTY GUIDE Your guide to current properties on the market 25 COMMERCIAL Commercial properties 04 On the Cover 112 A-B Vincent Street North Perth Page 8 T E M ET│F Y 2 l i r st ts to t t r T rth’s prestigious ti s 0 i t roperties t r t R 36 rcial properties A- i With the 2020 year now in full swing there is a real feeling of optimism in the market as well as the industry here in stern Australia. With more buyers visiting open homes and attending auctions across the state, property is starting to move more than in the last few years. Our network recorded $272 million in unconditional trading sales value for January which was up $182 million for the same month last year. Sales numbers were also up, with 225 sales for January, but this was only 18% up on the previous year. Clearly this is a good sign that the higher priced markets, particularly in Perth, along with the Rural markets, are moving which signals confidenc from buyers. We have been anticipating a lift in the market and these figures support that thinking, w ich is welcom relief for property s llers w o have had major price adjustments from the peak of the last boom. Howev r, our caution to sellers is ot to get too carried away with these optimistic indicators and over price th ir pr perty. Over pricing is still the major impediment to achieving a successful sale. The g od news is, this can be easily avoided by employing the auction method of sale, removing the asking price and opening your property up to more buyers. Enjoy this month’s edition. st is es, hiteman fficer ay ite estern Australia