The suburbs surrounding the domestic airport of Cloverdale and Redcliffe currently have a mere 0.63% of properties on the market. Next door Kewdale also has just 0.74%. This critical shortage of available properties for sale and the steady demand from FIFO mine workers looking to purchase in this area has made it an ideal time to sell. It is highly unusual to see so few properties available and when it drops under 1% triggers a very strong “seller’s market” signal. The whole City of Belmont, which includes Rivervale,Belmont and Ascot as well is situated 4 to 10km to the CBD mostly alongside the river on the way to the airport, has under 1.2% of properties for sale. It is ideally positioned to capitalise on demand from FIFO workers and strong redevelopment and infrastructure spending.
New properties coming to market attract a lot of interest and it is not uncommon to see multiple offers on properties in this area. If you are thinking of selling and want a real estate agent specialising in the City of Belmont area then contact us here.