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Rising WA markets set for years of growth
Rising WA markets set for years of growth 12 March 2021 Matthew Hughes Article by: Craig Francis, Journalist Source: API Magazine March 11, 2021 Soaring sales activity and rising prices are likely to be features of Western Australian property markets for the next several years, according to a pair of prominent property pundits. CoreLogic research director Tim Lawless recently teamed up with founder of the Hegney Property Group and prominent Perth analyst and commentator Gavin Hegney as the keynote speakers at the Australia-Israel Chamber of Commerce’s annual Property Event of the Year, held at Perth Convention and Exhibition Centre. Mr Hegney opened the event by delineating the difference between the market of 2014, when prices were rivalling Sydney’s as the highest in the country, to today when prices are lifting from 20 per cent falls in the metropolitan area and even larger declines in regional markets. While houses are now outperforming units, the duo agreed that the current spike in sales activity and prices was set to entrench itself for a couple of years of solid growth in almost all Western Australian market sectors. “WA is clearly outperforming the rest of the country econ
Article by: Craig Francis, Journalist Source: API Magazine March 11, 2021 Soaring sales activity and… Read Article