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Perth real estate continues climb in face of obstacles

Relative affordability, lack of supply and increased migration are expected to continue pushing Perth property prices higher in the face of rising interest rates and falling prices elsewhere.

Perth city skyline from the South Perth foreshore.
Perth real estate's continued price gains are a reflection of its relative affordability compared to other capital cities.

Interest rate hikes are finally stemming the tide of property growth in Australian capital cities but Perth remains one of the few to be bucking the trend.

The West Australian capital sits with Brisbane and Adelaide as the exceptions, where the quarterly growth trend lifted in May, although both regions remain below the peak quarterly rate of growth.

Over the last month, the combined asking prices for apartments and houses combined have decreas…