Carramar
This Month's Update
Strong results again this month, but for the first time we are seeing signs of slower home opens and easing rental prices, making it an interesting time to watch the results closely.
Carramar
Property Stats
New Properties Launched
Avg. Median Price
Number of Rentals
Highest Price
Lowest Price
Average Days on Market
Carramar
Property Snapshot
Here is a snapshot of the most recent properties that are on the market in Carramar
In order from newest to oldest and with all the key stats for you to look over, some offer prices may not be released until finance is approved but we will keep an eye and update as soon as they get published.
Perth
Properties For Sale
Nov 2023
Nov 2024
Perth
Properties Sold
Nov 2023
Nov 2024
Perth
Market Growth
Perth
Real Estate News
“We’re in the midst of the Spring selling season now and new listings have increased significantly, with more than 5,500 new listings in October, the highest monthly figure since March 2021. Based on previous trends, it is very likely we will see an even higher number of new listings in November, before numbers soften in December. Perth’s median house sale price was $715,000 in October, up 2.1 per cent on September and 22.2 per cent higher than October 2023. The median unit sale price also rose over the month, increasing 2.2 per cent to $475,000. This was 17.3 per cent higher year-on-year. This trend is likely to continue and so we expect further price rises unless there is a significant and unexpected change to the current conditions. Factors that might impact the current price trend for Perth dwellings into the first half of 2025 include the upcoming federal and state elections, as well as potential changes to interest rates.”
Source: REIWA
Australia
Real Estate News
CoreLogic’s national Home Value Index (HVI) rose by just 0.1% in the last month of spring, the weakest Australia-wide result since January 2023. This marks the 22nd straight month of growth, but it could be close to the last in this cycle.
Melbourne, where housing values have fallen over ten of the past twelve months, recorded a -0.4% fall over the month, taking values -2.3% lower over the past year.
For Sydney, August likely marked the peak of the cycle, with values flattening in September and falling -0.2% in October and November.
On a rolling quarterly basis, we are now seeing four of the eight capitals record a fall in values, led by Melbourne (-1.0%) and joined by Darwin (-0.7%), Sydney (-0.5%) and Canberra (-0.3%).
Perth’s pace of capital gain continues to lead the nation, with values up 1.1% over the month and 3.0% higher over the rolling quarter, however this was the softest rise over a rolling three-month period since April 2023 and is less than half the rate of growth recorded through the June quarter (6.7%).
Similarly, Brisbane’s quarterly rate of growth has eased back to 1.8%, the slowest pace of gains since March 2023, while Adelaide’s 2.8% rise in values over the past three months was the smallest outcome since June 2023.
Source: Core Logic
RIZE Property
Sold Stories
Read inspiring stories from Carramar homeowners and investors who have achieved their real estate goals with RIZE Property.
Book a Free Real Estate Property Appraisal with Peter Parsons
To schedule a no pressure real estate property valuation, simply call Peter on 0466 541 301 or drop us a message here with your preferred availability.
