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REIWA upgrades Perth price growth forecast

Western Australia’s peak real estate industry body has upgraded its house price forecasts for Perth, tipping home values will rise by 15 per cent rather than its previous 10 per cent prediction.

Perth Skyline in the evening
Perth's strong resources sector performance, a surge in migration and a lack of investor activity has put the squeeze on housing supply. Photo: Shutterstock

Western Australia’s peak real estate industry body has upgraded its house price forecasts for Perth, tipping home values will rise by 15 per cent rather than its previous 10 per cent prediction.

Real Estate Institute of WA president Damian Collins said Perth property had made a strong start to 2021, with prices growing solidly in the first three months to the year.

“CoreLogic’s Perth home value index shows prices have grown five per cent in the…