Also to confirm my suspicion in my previous post that 163 days to sell in the First Home Buyers boomburb of Baldivis below shows that the average days to sell for Perth listings is 79 days... so baldivis its taking over TWICE as long to shift houses which are the cheapest stock in Perth... comon guys that doesn't add up does it?
Now for your geralton claim of 15%... well if you look at the chart it looks terrible for volume, once again a new 6 year low for activity is being used as the base for the bounce... September quarter of 2011? A whopping 70 transactions? how hard is it to get 15% growth on 70 transactions.. sell another 10 houses!!!
Now for Mandurah... unfortunately this wasn't a trifector where all 3 charts are on 6 year lows this one is at its second lowest point in 6 years which we may as well call the bottom... now to get that 40% price growth.. Youd have to shift an extra 115 houses...