Housing demand in Perth continues to outpace supply with real estate pundits predicting the crisis gripping the city is set to worsen.
This time a year ago, when Perth was already in the midst of a housing crisis, there were a touch over 2300 houses, 1503 units and 1403 vacant blocks for sale – a total of 5257 properties.
The inaugural 2024 State of Real Estate Report asked West Australians about their experience buying and selling property with more than 10 per cent admitting they struggled to find a home.
InfoTrack’s head of Property Australia Lee Bailie said 14 per cent of respondents named finding a property a top challenge, but the number one concern impacting 21 per cent of buyers was property prices.
“In the rush to snap up available homes, more buyers seem to be compromising on important property checks in favour of putting in a speedy offer,” he said.
“Not even half of all respondents (46 per cent) had a pest inspection carried out.”
