Perth Housing Upswing Continues
According to a recent report, CoreLogic’s research director, Tim Lawless, identified Perth as a stand out from other capital cities for a consistently swift rate of capital gains. “Perth home values rose a further 1.6% in January, on par with the city’s growth trend in November and December and only slightly lower than the recent high of 1.8% recorded in October. The western capital continues to see housing demand outweigh supply, helping to push values 16.7% higher over the past 12 months. Despite that, housing prices remain relatively affordable compared with most capital cities, with the median dwelling value sitting just under $677,000.”
It’s little wonder that Perth dominated PropTrack’s list of top-performing suburbs in Australia for 2023. A whopping nine out of the ten top spots were in WA.
With active listings remaining at near record lows and recent REIWA research showing a rise in interest in the Perth property market from viewers from the Eastern States, housing values will only continue to increase.