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Punters pouncing on Perth property

The tide continues to turn for Perth property, with prices rising to mid-2006 levels, rents the tightest among Australian capitals, and properties selling at their fastest pace in a decade and a half.

Perth houses near the beach
Perth's beachside location is a big factor in its attractive lifestyle. Photo: Shutterstock (Image source: Shutterstock.com)

The tide continues to turn for Perth property, with prices rising to mid-2006 levels, rents the tightest among Australian capitals, and properties selling at their fastest pace in a decade and a half. 

The latest Real Estate Institute of WA data shows properties are selling in the fastest time in 14 years. Homes took a median 22 days to sell in November, 17 days less than the same time last year and the quickest since September 2006.

Since the …

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