Perth's property momentum appears set for an extended run
There's no immediate signs of Perth's red-hot property market slowing down, with suburbs across all price ranges experiencing rapid capital growth increases.
Large blocks of land in Perth can still be bought for prices hundreds of thousands of dollars less than similar properties in other capital cities. (Image source: House Smart Real Estate)
Perth’s capital growth outpaced all capital cities in the past year and is 11 per cent above national average, achieving a record dwelling median of $703,502, with no sign of a slowdown.
Since the onset of Covid, property prices in Perth have increased 56 per cent, or by a median $253,624, with the ongoing upward trend buoyed by high immigration, low supply, and despite growth, ongoing affordability.
CoreLogic’s March Home Value Index
recorded a …
