Popular Perth on investors' 2024 radar as price surge continues
The lowest listings in 30 years, a booming population and soaring rents are driving the Perth property market and luring investors from around Australia and internationally.
Affluent Cottesloe has led the way in quarterly property price growth in Perth but it's the affordable suburbs that are more widely delivering the capital growth sought by investors. (Image source: Shutterstock.com)
A range of dubious records are driving Perth’s property values to record highs.
Listings are at the lowest level in 30 years, with fewer than 5,000 properties on the market. The number of REIWA listings has declined to 4,931, a massive drop of 40 per cent on a year ago.
In September, Perth's median house value reached $646,700 – a 9.0 per cent increase on the same time last year, according to CoreLogic.
The record low vacancy rate is also attr…
