The Perth apartment market has held its ground in the face of gloomy industry forecasts, with the latest research from leading property analyst Urbis revealing sales have built on a strong start to 2015 by continuing to grow in the three months to June 30.
And in further good news for the sector, the research has confirmed that local owner-occupiers were by far the biggest buyers of Perth apartments in the June quarter – a finding set to help ease concerns over an oversupply of investment stock.
The Urbis Perth Apartment Essentials report for the June 2015 quarter, released today, found 668 sales were recorded across 114 surveyed projects throughout the Perth metropolitan area in the three months to June 30.
That figure marks a 41 per cent increase on the sales total for the December quarter of 2014, and brings the total number of unconditional apartment sales in the Perth market over the past 12 months to 2,456 – a clear indication of the the depth of demand.