Perth market forges ahead despite national downturn fears
As eastern state markets lose momentum, Perth's combination of affordability, tight housing supply and record investor demand is keeping price growth firmly in positive territory.
Elevated construction costs and feasibility challenges continue to limit the prospect of a sustained uplift in housing delivery in Perth. (Image source: Tom Francis + API Magazine)
While headlines are warning of a nationwide housing downturn, Perth continues to defy the odds with a property market that is still firmly moving in the opposite direction.
Strong population growth, tight supply and relatively affordable prices compared to its eastern states counterparts are continuing to drive demand and price growth across Western Australia.
Investor lending in the state hit a five-year high in March, surging to $462 million.…
