How much is the average price of a house in Perth?
The average house price in Perth rose more than 25% in the past 12 months to over $1M.
Australia’s house prices have started to level off except in Perth where prices have continued to rise and are forecast to continue rising because of housing demand and lack of housing supply in Perth. This marks the 14th straight month of Perth house value rises.
Beneath the headline result, housing prices Australia wide remain diverse. Three Australian capital cities recorded a subtle decline over the month (Melbourne -0.1%, Hobart -0.7% and Canberra -0.2%), while, Perth, Adelaide and Brisbane values continued to rise at the monthly rate of 1% or more.
CoreLogic’s research director, Tim Lawless, identified Perth as a stand-out among the Australian capital cities for a persistently rapid rate of capital gains. “Perth home house prices 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 Australian capital continues to see housing demand outweigh supply, helping to push values over 25% 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 $700,000.”
Please let your associates know about bargain property investment in Perth if they are interested in property investment Sydney NSW, property investment Melbourne Victoria, property investment Gold Coast QLD, property investment Brisbane QLD, and property investment in Canberra ACT. A switch to investing in Perth properties forecasts a better return on investment as Perth house price trends show.
House prices author: David Snell, property buyer’s agent Perth WA.
Link for the LATEST PERTH HOUSE PRICES
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