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West Australian market set to recover

The West Australian property market is continuing to improve, it has been claimed.

More people are buying Australian homes in the state of West Australia (WA), according to the latest data from RE/MAX WA.

It posted a 40 per cent rise in sales volumes over the course of March, according to Real Estate Business.

This appears to indicate the improving health of the market in a state which is currently being buoyed by a mining boom and an impressive economic recovery.

RE/MAX WA managing director Geoff Baldwin said numbers are "well up" across most suburbs in the state, with the prospect of a drop in interest rates indicating the market could continue to grow over the coming months.

"Buyers remain very value conscious but well marketed and competitively priced properties are selling quickly and often with multiple offers," added Mr Baldwin.

CommSec recently revealed that the WA economy is leading the way in terms of construction of Australian homes, economic growth, unemployment, retail trade and equipment investment.

Posted by Steve Douglas
- Perth, property, prices, economy, employment

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