Perth tipped by industry leaders to defy national property downturn
Some of Perth's most prominent property industry figures have forecast that the Western Australian capital will continue to defy the national property price downturn despite the impact of interest rate hikes and other headwinds.
David Cresp, Director of Urbis, REIWA CEO Cath Hart and Colin Keane, Director, Research4 (Image source: Shutterstock.com)
Industry leaders in Western Australia’s property sector have boldly predicted that house values will continue to increase in the face of falling prices elsewhere, persistent building supply issues and international economic and geopolitical headwinds.
Driven by population growth, strong economic fundamentals and limited supply, as well as ongoing affordability, the greenfield land market and detached housing market were singled out as having the…
