SINCE 1997

Latest Western Australian Economy News

Are Perth properties undervalued?

It’s believed the current national imbalance is unsustainable and 2022 should see the Perth median house price gain traction as investors realise the city is undervalued.

Suburban homes/rooftops in Perth, Western Australia, photographed from a drone including the Perth City skyline. Perth, Australia.
According to Daniel McQuillan, managing director of Nu Wealth, Perth house prices have been ‘massively undervalued’. Photo: Shutterstock

According to Daniel McQuillan, managing director of Nu Wealth, Perth house prices have been ‘massively undervalued’ compared to the national average for Australian capital cities.

“The latest national figures produced by the Real Estate Institute of Australia reveal that the median house price in Perth at $520,000 was the lowest median capital city house price across Australia and 45.9% lower than the national average. 

“This is an historic ano…