Perth property market standing alone as 2023 growth prospect
While the rest of the country stares down the barrel of large property price falls, Perth is tipped to buck the trend and increase in value in 2023.
Median house prices have grown at 8 per cent over the past 12 months in Rockingham, in Perth's picturesque south. (Image source: Shutterstock.com)
A decline in housing stock is contributing to the Perth property market’s ability to weather the real estate value declines prevalent throughout much of the rest of Australia.
The West Australian capital is growing in stature as an investment target for eastern states buyers drawn to low vacancy rates, rising rents and the city’s relative housing affordability.
While rising interest rates are eliciting forecasts of property price falls
of anywh…
