Since the September quarter, we have seen the same trends continue with sales volumes increasing and listings decreasing. We have also seen the vacancy rate continuing to decrease and rental listings declining.
If this continues into 2021, we can expect increased upward pressure on the median sale price and median rent price. For those that have been considering selling or investing in property, now is the time to do so. It would seem that after a prolonged downturn, the Perth market has turned the corner and we could have a number of years of positive growth.
