As everyone’s personal circumstances differ, Strand recommends seeking independent financial/legal advice before transacting in property.
To date, 2025 has been another busy year for Strand – our 51st year servicing the needs of Perth’s property and business transactors. As our business grows, so new members join the team. We were delighted to welcome Louise van Dyk in July, adding to our suite of highly skilled conveyancers – it’s great to have you on board, Louise.
Economic predictions for Perth’s property market into mid-2025 were spot on. Capital growth rates have reduced, but the median house price is sitting just under $800k. While not the double-digit growth seen in 2024, it is still well above 5% in the last six months. This week’s announcement of the Reserve Bank’s third 0.25 percentage point cut to rates for this year marks Australia’s lowest official cash rate since April 2023. Buyers’ spending decisions have become more considered over the last two years of higher mortgage rates, but conditions are still favouring vendors. Available property stock continues to fluctuate around the 4,000 mark, while rental vacancies remain below the target rate of 2.5%. Renters have more choice, but the market is still very tight. This makes Perth property attractive to both first-home buyers opting out of the rent cycle and speculative investors from other states, where the net realisable opportunity for return has already diminished. The market turning point will undoubtedly come, but it has not yet appeared on the horizon.
We’ll guide you through the entire settlement process with the support of experienced settlement agents in Perth – explaining everything in plain English, keeping you informed through each stage, and celebrating with you on the transfer of title.
“Thank you, Vicki. We appreciate your hard work and attentiveness throughout the process. I also appreciate your patience as I have learnt to navigate my way through purchasing property from interstate. Thank you – you have been amazing to deal with.”
— Michael & Kara, Palmerston NT
Transacting rural property comes with its own set of challenges—but you need not face them alone. Strand is experienced with the “ins & outs” to ensure your rural property settles without unnecessary stress. Our experienced conveyancers in Perth understand the unique requirements of rural property transactions and help ensure a smooth settlement process.
Dealing with Strand gives you access to years of commercial, conveyancing, and legal experience—support at your disposal for any property-related transaction you need to undertake.
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