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More interest in mid-range homes

By Kevin Kelly

The Western Australian property market has been a fairly hectic place over the past few months, with buyers keen to cash in on rising levels of confidence.

You might be asking yourself which properties are most popular with homebuyers at the moment, and data from the Real Estate Institute of Western Australia (REIWA) could hold the answer.

If you've got your eye on mid-range property at the moment then you won't be alone – the figures show 66 per cent of buyers took a look at houses valued between $400,000 and $800,000.

The statistics, which cover the first quarter of the year, show that sales under $400,000 now represent just 14 per cent of the market, so you might find less competition for those property bargains!

There are likely to be plenty of great buys when it comes to real estate in Eaton at the moment, especially if other people are setting their sights on middle range homes.

While the REIWA data might show trends in the Perth property market, it might also give a broader indication of what's happening in other parts of the state.

Perth house prices increased 0.7 per cent in the quarter, so if you've ever thought of buying in WA, the chances are your best buys could be outside the CBD.

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