Perth hotspots soar 30 per cent but will the buying frenzy continue into 2024?
A property buying frenzy in Perth that continually sees bidders paying well above asking prices is set to continue in 2024 but some are warning investors to be wary.
The suburb with the highest sale price growth for Perth houses was North Fremantle, pictured here at sunset. (Image source: Yard Property)
Homes in some Perth suburbs have shot up by more than 30 per cent as the frenzy for units and houses in the West Australian capital continues unabated.
High demand has collided with tight stock supply and the result is significantly boosted property prices.
As affordability issues start to bite, it is the unit market that has exceeded house price rises by almost 5 per cent throughout 2023.
Real Estate Institute of Western Australia (REIWA) dat…
