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Few signs of Perth’s red hot property market slowing down any time soon
Few signs of Perth’s red hot property market slowing down any time soon 24 June 2024 Matthew Hughes SOURCE: API Magazine JOURNALIST: Craig Francis 25 June 2024 Some reports have implied that the bubbling Perth property market is about to come off the boil but a look at the key market variables suggest reports of the market’s imminent demise are greatly exaggerated. By any measure, the Perth property market is red hot but can it maintain this level of rampant price growth? Brisbane and Adelaide have been the other two capital cities to deliver rapid capital growth over the past couple of years but even they are now in Perth’s rear view mirror. The range of annual growth across the capital cities stretches from a 22.0 per cent rise in Perth dwelling values, to a -0.1 per cent dip in Hobart. Across the capital city markets, Perth dwelling values have had the highest uplift in value at 62.6 per cent, ranging to an 11.2 per cent gain across Melbourne. It is an A-grade shit show.” – Joe White, REIWA President, on Perth’s housing crisis Perth’s property market has always been closely aligned with the performance of the resources sector and has endured periods of extended flatlining and de
SOURCE: API Magazine JOURNALIST: Craig Francis 25 June 2024 Some reports have implied that the… Read Article