Harcourts WA Sales Up 20.5 Per Cent

Harcourts WA has reported the company’s sales are up 20.5 per cent in its residential sales for May 2010.

Harcourts WA CEO, Andrew Moore said preliminary figures showed total sales achieved in May was $103 million compared to $85.5 million in the same month last year.

“This 20.5 per cent shows a significant surge in sales up from 2009,” Mr Moore said. 

“What is great to see as well as the sales growth for Harcourts, is the amount of offices currently opening up around the state.

“Nearly every month we have a new office come on board somewhere in Western Australia – it’s fantastic to be able to report such a strong company expansion.”

“While the sales results in May indicate Harcourts’ growth in the area, it also shows how strong the WA property market has become over the last 12 months.”

Harcourts’ report is a confidence boost for WA property investors, however Mr Moore advises homebuyers to stave off ‘buying up’ in haste.

“We are experiencing a housing bubble, which creates the need for housing prices to drop back to an affordable level, before we can see stabilisation in the market.”

“If they didn’t drop back to a ‘normal’ level in the next few years, it would be the first time in history.”

“This means people need to be careful not to go over-budget, or stretch themselves too thin when building or purchasing a property.

“Provided that budgets are adhered to, and buyers do comprehensive research about their investments, then it is still a good time to invest.”