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The state’s “Top Salesperson – Residential Property Marketing” Lily Chong from IQI WA also took out another award. The team she leads at IQI WA was named fourth Top Office – Residential Project Marketing.<\/p>\n
Here’s what Chong says about the outlook in Perth:<\/p>\n
“The market has gone quieter because people are on hold with their decisions. The rate increases have caused many buyers to stop and see what happens. They don’t know how or when the interest rate increases will stop.<\/p>\n
“Developers have put many new projects on hold, which is reducing the available stock. That means they can be firmer with their prices. Last year, we could still negotiate for free inclusions or discounts. This year, developers are starting to realise they can be very firm or even increase their prices. And they need that flexibility because their building costs are also going up.<\/p>\n
“More and more buyers are coming back from overseas and from the Eastern States. These are new residents, students, and migrants. We just had clients from Texas, Sydney, and Adelaide. Those coming in want to rent first, but rentals are so scarce that many will be forced to buy because vacancy rates in Perth have dropped to just 0.4% – the lowest ever recorded.”<\/p>\n
\nAre you interested in joining one of the top real estate agencies? Fill in the form below and live your dream!<\/strong><\/span><\/p>\n\n\t
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