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.
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 decreased…