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Contact us today to find a local mortgage broker in Perth. We have a host of Mortgage Choice experts scattered right across Perth & its surrounds suburbs. You can even book appointments at the time and place that suits you.
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Data from the Real Estate Institute of WA (REIWA)1 shows that Perth’s unit median price has strengthened, and the median house price stabilised in the June 2019 quarter.
Apartment values in Perth rose by 3.9% to reach a median of $385,000 in the June quarter, while the median house price held firm at $490,000.
REIWA analysis shows the suburbs with the highest median growth in June 2019 vary across all price ranges.
At the higher end, Hillarys and Wembley Downs saw increases of 1.8% and 0.7% over the quarter, with a significant increase in value of 9.9% and 4.8% respectively since June 2018.
The middle market performed the best. East Victoria Park showed the biggest gains, of 4.4%, to reach a median value of $648,000, followed by Kardinya and Padbury at 0.8% and 0.5% respectively.
At the more affordable end of the Perth market, Tapping and Meadow Springs achieved growth of 2.1% to $480,000 and 1.4% to $365,000 respectively over the past year.
Right now, Perth is offering tremendous affordability. Of the house sales that settled in the June 2019 quarter, 15% sold for $800,000 or more, whilst approximately 24% of all house transactions occurred at or below the $350,000 price point.
More affordable values are making it is easier for first home buyers to purchase a home, trade-up buyers can take the opportunity to upgrade to the home they have always wanted, and investors should be attracted back into the market, especially as the REIWA say the city’s “rental vacancy rate has plummeted to below three year averages”.
As we head into the busy spring selling season, now is the time to achieve your Perth property goals, and take advantage of the valuable combination of affordable values and record low interest rates.
Why choose Mortgage Choice?
We know how important it is for you to be able to trust the advice you are receiving from our experts.
Our home loan service comes at no cost to you because we get paid a commission by the lender when you settle a home loan. We then pay your broker but we do it differently from other mortgage brokers. Your Mortgage Choice broker gets paid the same rate of commission no matter which home loan you choose from our wide choice of lenders.
This makes sure they always have your best interests at heart.
We have local experts available to help you with all things finance related. They'll make complicated easy and provide you with the information and advice you need to make the right decisions with your money.
We can assist you with your personal finances including your home loan, car loan and insurances and our financial advisers can help you plan to achieve your financial goals now and in the future. We can also help you organise finance to start or grow your business and fund your assets.
Contact one of our local experts today to see how we can help you.
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Mortgage Choice was founded by the Higgins brothers over 25 years ago. They believed in giving Australians access to a choice of home loans, backed by expert advice to help them make the right choice. They were pioneers in mortgage broking and we've since helped over 600,000 people with their home loans.
Over the years, our passion for offering choice and advice has been extended to other areas of personal and business finance, including our industry leading financial planning service.
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