Comparisons to Melbourne may be unfair but Perth property boom is real
Perth and Adelaide's overtaking of Melbourne's median property price is perhaps an unfair reflection of those respective property markets, but the boom unfolding in the mid-sized capitals is undeniable.
However you slice and dice it, one city property market has headed skyward while another has been deserted. (Image source: Shutterstock.com)
Property’s league ladder has undergone a major shake-up, with Perth and Adelaide overtaking Melbourne’s median dwelling value.
But like the leagues of our national football codes, the playing fields are not necessarily even.
In Perth’s case, the leading suburb for capital growth in August was Willeton
’s 5.6 per cent. In one month, a suburb with a median value now at $1,125,000 has delivered a serious thrashing to what Melbourne’s fastest growin…
