South West WA

The Smartline Report – May Edition

The month in review: South West WA

By Herron Todd White
May 2015

The south-west is considered to be a premium holiday destination given its pristine beaches, surf and world renowned wine region. Therefore there is still demand from the wealthy to invest and holiday in the region. Consequently prestigious properties scattered throughout the south-west, such as in Naturaliste, Eagle Bay, Metricup and Yallingup are still recording sale prices regularly in excess of $1 million.

Moving forward the prediction is that the top end of the market will continue to be slightly problematic, with continuing weakening demand that is characterised by an over supply of properties for sale coupled with a low level of prospective purchasers in that value range fuelled by a slowing Western Australian economy.

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Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2015. Australian Credit Licence Number 385325

 

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