Perth homes, land and rent all slipping further out of reach
For anyone seeking a home in Perth it's difficult to know where to turn, as property prices, land packages and rents all climb - but borrowers are somehow still taking the plunge in greater numbers.
New unit approvals are up but densification is not happening at sufficient pace in Perth. (Image source: Shutterstock.com)
Perth house, rent and land affordability has taken a pummelling in the past two years, and newly released data reveals it is losing its competitive allure compared to other Australian capitals.
The price of new land soared 34 per cent in 2024, ending its reign as the most affordable capital city in Australia, according to UDIA’s annual State of the Land Report released Tuesday (18 March).
The new land price for Perth now sits at $329,000 with A…
