Number of Perth property millionaires has surged dramatically
Perth's remarkable property boom has pushed a record number of suburbs beyond the $1 million and $2 million price benchmarks, highlighting how dramatically the city's housing market has transformed over the past five years.
Perth’s median house sale price climbed 5.3 per cent in the past three months. (Image source: ymgerman/Shutterstock.com)
Perth’s property boom has reached another remarkable milestone, with more than four in every 10 suburbs now boasting a median house sale price above $1 million and a record number of prestige suburbs crossing the $2 million threshold.
The latest figures from REIWA reveal the city’s extraordinary price growth has fundamentally reshaped Perth’s residential landscape, prompting the Institute to split its long-running Million Dollar Club into two sep…
