November property figures indicate improving trend
6 December 2012
Landgate's November 2012 Business Activity Profile, released today, shows the strongest figures for a November since 2009.
Landgate Chief Executive Mike Bradford said "The figures for November reflect an improving trend in property activity since the beginning of the 2012/13 financial year."
"There was a 12.2 per cent increase in the total documents lodged for November 2012 compared to the same time last year and 2.6 per cent higher than the past five year average for the month," said Mr Bradford.
"Transfer documents lodged in November also increased by 1.4 per cent from the previous month and increased by 22 per cent from November 2011."
Landgate's Business Activity Profile reports on all property related documents lodged within Landgate and is a barometer of the state of the property market in Western Australia.
The November 2012 Business Activity Profile is available on Landgate's website. It provides the daily average of all documents lodged, with sections detailing transfers, mortgages, caveats, searches and other categories of property related documents.
Landgate is Western Australia's primary source of land information and geographic data, providing the accuracy government, business and individuals rely on.