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Perth prices and rents continue upward march

Perth's property market continues to outperform its larger eastern states capitals, with home values and rents continuing to increase.

Aerial image of North Perth and the City of Perth at the sunset, with houses in foreground and CBD towers in background.
The suburb of North Perth recorded the biggest increase in median house sale price during May.

Perth home values increased 0.6 per cent during May, bringing total growth for the 2022 calendar year to date to 3.6 per cent. 

REIWA President Damian Collins said market conditions during the first five months of 2022 had been strong, with the Perth property market outperforming Sydney and Melbourne for price growth

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“May was another solid month of growth for the Perth property market, which is an encouraging sign that the recent increase to t…