2014-12-31-莱坊-Perth_Residential_Market_Update_-_November_2015_2页_391kb

Perth Residential Market Update

• Capital Growth: Despite a slowdown in building approvals, Greater Perth experienced modest capital growth with houses up 2.5% YoY and apartments up 1.7% YoY. Monthly figures showed increases of +0.7% for houses and +1.7% for apartments in September 2015.
• Sales Volume: Year-over-year declines were recorded, with house sales down 15.0% and apartment sales down 16.9%.
• Rental Market: Rents declined, with -6.4% for houses and -5.8% for apartments YoY, reflecting reduced affordability and market conditions.
• Population and Demand: Continued population growth, driven by areas like Baldivis, supporting demand despite subdued sales. Annual growth rate of 1.9% projected for Greater Perth.
• Other Key Metrics: Building approvals fell for houses and apartments; vacancy rate was 4.7%, and gross rental yields decreased for both property types, compressing returns. Construction remains active with infrastructure projects ongoing.

This summary highlights a resilient market with certain challenges, including falling sales and rental values, while noting ongoing government investments and population-driven demand.