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Perth unit prices increase by 3.9 per cent in June quarter
Perth unit prices increase by 3.9 per cent in June quarter 18 July 2019 Matthew Hughes Article by REIWA | Source: REIWA.com July 17, 2019 Perth’s unit median price has strengthened in the June 2019 quarter improving by 3.9 per cent to $385,000 and median house price stabilising since last quarter. REIWA Deputy President Lisa Joyce said while sales activity remains soft, is it a good sign that prices held up over the last quarter. “reiwa.com data indicates Perth’s median house price would settle at around $490,000, stabilising since the last quarter and the first time we have not seen a decline since the December 2018 quarter. “What is also interesting are the suburbs that are showing the highest median growth in June 2019 vary across all price ranges. At the higher end, Hillarys and Wembley Downs saw an increase of 1.8 per cent and 0.7 per cent over the quarter, with a significant increase of 9.9 per cent and 4.8 per cent since June 2018. “The middle end of the market performed the best with East Victoria Park showing the biggest growth of 4.4 per cent to $648,000, followed by Kardinya and Padbury at 0.8 and 0.5 per cent respectively. At the lower end of the market, Tapping and Mea
Article by REIWA | Source: REIWA.com July 17, 2019 Perth’s unit median price has… Read Article