Has Perth's property market finally reached its peak?
After delivering some of the strongest price growth in the country, Perth’s property market is showing signs of moderation, but experts say the fundamentals that drove the boom remain firmly in place.
Property prices in affluent Cottesloe have soared over the past five years but retracted slightly this year. (Image source: AM Photo Co/Shutterstock.com)
Perth has spent the past several years defying expectations.
While much of the national conversation has centred on Sydney’s affordability challenges, Melbourne’s underperformance and Brisbane’s post-pandemic surge, Perth has emphatically emerged as Australia’s strongest housing market.
The numbers tell the story. According to Cotality, Perth dwelling values rose a further 1.5 per cent in May alone, matching Darwin as the fastest-growing capita…
