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Did you know that it took an average of 51 days to sell a property in Perth by private treaty Pre-Covid? Fast forward to 2024, and that number fell to just 16.
Here at Shelmark, we smashed Perth’s median days on market in 2024 with an average of just 5 days! No wonder we’re continually selling out of our listing stock and seeking new listings to meet buyer demand.
In fact, 2024 was our best year in almost 20 years in business!
If you’re keen to know how we did it, look out for our special broadcast newsletter in the coming days as well as a series of social media posts to reveal what’s become a major point of difference from other agents and a service that’s keeping us super busy as word spreads about the benefits for sellers.
This week:
- Record number of Perth suburbs join million-dollar club
- Will auctions have a surge in popularity in 2025?
- How sentiment shapes the property market
- Time to give your kitchen a refresh? Read this first
- This week’s market snapshot
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Record number of Perth suburbs join million-dollar club
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A record 37 Perth suburbs joined the million-dollar club in 2024, pushing the total number of suburbs with a median house price of $1 million or more to 100 for the first time. This article breaks down which suburbs made the cut, the factors driving their growth and what this means for Perth’s property market. Is your suburb now on the coveted list? Click through to find out.
Click here to see if your suburb is now on the list
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Will auctions have a surge in popularity in 2025?
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Before COVID, private treaty sales in Perth took an average of 51 days to sell, while auction campaigns lasted around 29 days. Fast forward to 2024, and private treaty sales took 16 days on average in December (up from 10 days earlier in the year) while auctions took an average of 16 days (down from 18 days earlier in the year). Is this trend set to continue in 2025? This article explores what’s driving the shift and whether auctions could become a more dominant selling method in Perth than they've been in the past.
Click here to learn more
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How sentiment shapes the property market
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Buyer and seller confidence plays a major role in shaping the property market, influencing everything from demand to price growth. This article, featuring insights from PropTrack, explores how sentiment affects housing trends, what’s driving current market confidence, and what to watch for in 2025. If you’re wondering how emotions and expectations impact property prices, this is a must-read.
Click here to learn more
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Time to give your kitchen a refresh? Read this first
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Thinking about refreshing your kitchen? Before you dive in, there are a few key factors to consider. This article covers the must-ask questions that can help you plan a successful renovation—whether it’s a simple update or a full-scale transformation. From budgeting wisely to choosing the right layout and materials, these expert insights will help you create a kitchen that’s both stylish and functional.
Click here to learn more
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This Week's Property Market Snapshot
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Sales activity was up 26.5% in Perth during the week ending 26 January with 865 transactions recorded. On closer inspection, house sales were up 22.9%, unit sales were up 30.1% and land sales were up 61.8%.
Perth’s highest sale price: Dalkeith – $4,930,000
Perth’s lowest sale price: Mount Lawley – $325,000
Listings
There were 4,790 properties for sale in the metropolitan area for the week ending January 26, which is 4.5% more than 4 weeks ago and 24.1% higher than the same time last year.
Top selling suburbs south of the river
- Baldivis
- Thornlie
- Gosnells
- Rockingham
Top selling suburbs north of the river
- Perth
- Scarborough
- Wembley
- Doubleview
Perth rental market
REIWA members reported 2,219 properties for rent at the end of last week, which is 3.6% fewer than the previous week, but 22.9% higher than 4 weeks ago and 13.4% more than the same time last year. Leasing activity was up 2.8% throughout the week, with REIWA members reporting 803 properties leased. This number is a staggering 250.7% higher than 4 weeks ago and 35.9% higher than one year ago.
Click here to view a detailed breakdown & graphs
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Open for Inspection
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No Home Opens This Weekend
We're all sold out!
We now have plenty of time to dedicate to appraisals and new listings so if you're thinking of selling, now is a great time to call.
- Shelley on 0417 963 670
- Mark on 0411 552 309
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Unit 11, 23 Bowman St, South Perth
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PREMIUM LIFESTYLE LOCATION
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From $525,000
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Featuring a balcony twice the size of most others in the complex, only 1 next door neighbour & secure undercover parking, this modern, spacious, freshly painted apartment is a must to inspect.
- 2nd floor apartment facing quiet Bowman Street with neighbour on one side only
- Short walk to foreshore, ferry & bus to CBD, zoo, bowling club, shops, restaurants & more
- Secure parking, Private storeroom, Interior lift, emergency stairs nearby
- Modern kitchen with stone benchtops, ensuite bathroom with corner bath & separate w/c
- Panasonic reverse-cycle A/C; cleverly hidden functional laundry; private lockup storeroom
- Communal gym, sauna, shower, w/c & rooftop alfresco area with kitchenette & river views
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Unit 7, 91 Clydesdale St, Como
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LIVE IN, RENT OR RENOVATE & REAP THE REWARDS
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SOLD Off Market
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You know what they say about buying property – pay attention to the location, the desirability & the potential to add value. This property ticks all those boxes. In fact, the potential is better than good!
- Brick & tile villa built in 1979 with original décor – ripe for a refresh!
- Boutique complex of 8 with central common area
- Rear laneway access to double carport & private paved courtyard
- 2 large bedrooms, one with b/in robe; bathroom has separate w/c
- Security screens & doors; gas storage hot water system; brick storeroom
- Minutes to shops, schools, transport, dining precincts, CBD; walk to river
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Unit 4, 14 George St, Rockingham
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MODERN STYLE, ECO-FRIENDLY COMFORT
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SOLD
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Expertly constructed using Thermal Comfort Homes’ revolutionary ThermaStruct Building System, this pristine apartment guarantees a more affordable, eco-friendly lifestyle that’s superior in comfort.
- Certified 7.0-star energy rating; built with premium glass wool acoustic insulation
- Low energy costs and low strata fees equals low stress
- 450m to foreshore; light stroll to Leisure Precinct for award-winning dining & events
- Immaculate neutral scheme; open plan living/dining/kitchen enhanced by high ceilings
- Queen-sized bedrooms; ‘Jack & Jill’ bathroom/laundry combo; split r/c a/c throughout
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17 Culeenup Rd, North Yunderup
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IDYLLIC SEA/TREE CHANGE OR HOLIDAY HOME
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Whether you’re seeking a place close enough for spontaneous weekend getaways, or an easy living forever home for your family or to enjoy your retirement years in, this property is a must to inspect.
- Brick & tile home with 5.9 x 5.9m shed & wraparound alfresco area
- 2 internal living areas, ensuite with corner spa to master bedroom
- Freshly painted inside & out
- Potential to add value & ample space + easy access to install a pool
- 260m from the Murray River; short walk to 2 river access points
- Mins from Mandurah & Pinjarra, transport, shops & more
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Units 21, 22, 32 & 33, 237 Cambridge St, Wembley
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RIPE FOR A REFRESH OR READY TO RENT
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All SOLD
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Waiting for the right opportunity to escape the rental treadmill or invest? Look no further! This unit is not only in an outstanding location, but it’s being sold in original condition making it a lucrative buy.
- Superbly convenient location close to all amenities & lifestyle hotspots
- Well-maintained complex with tropical gardens, pool & secure access
- Remote control entry to an undercover car space; visitor parking
- Spacious interior, balcony, reasonable strata fees of $600pqtr
- Leave the car at home & enjoy a meal or a few drinks in bustling Subiaco
- Bus at door, close to shops, railway, parklands; high rental demand
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OTHER RECENTLY SOLD PROPERTIES
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For details of other recently SOLD properties click on the DETAILS button.
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