Mark Hay Realty Group

With lots of properties to see this weekend, check out our upcoming home opens! Visit this link for a full list of our home open times; https://bit.ly/3OWZd0R

🤠🐂 What a great transition from chasing bulls in the Gascoyne to chasing deals in this extremely buoyant Perth property market 🏡📈.

Both are a lot of fun, exciting, and can be extremely rewarding 💰🙌.

📊 One Week in May - Wow! Current news headlines dramatically stating "Homes Now Taking Twice as Long to Sell!" 🤔... 14 days now... really??? Lets compare below!

🏠 Median House Price
2014: $545,000
2026: $890,000

📋 Total Listings
2014: 10,382
2026: 5,088

🤝 Weekly Sales
2014: 918
2026: 687

⏱️ Days on Market
2014: 53
2026: 10

💰 Median Rent
2014: $450 p/week
2026: $730 p/week

🔑 Vacancy Rate
2014: 4.0%
2026: 1.9%

A normal, stable market is typically characterised by:

✅ 10,000 to 12,000 listings
✅ Around 60 days on market
✅ Vacancy rates of 3% to 3.5%

From my perspective i expect the budget chaos, interest rates and conflict in the Middle East to slow appetite, but I still see we're a long way from returning to normal.

It's all simple Economics 101...

📉 Supply
📈 Demand

What is your view? Great stats REIWA!

TRUST ME 🤪🫣🙃

We have some awesome home and investment opportunities for you to view this weekend! Visit this link for a full list of our home open times; https://bit.ly/3OWZd0R