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The West Australian

Perth’s median dwelling price has hit a new peak of $836,000 after jumping $65,000 over the past year — more than most households can save — with anticipated interest rate cuts set to further buoy the market.

PropTrack’s latest price index, set to be released on Tuesday, shows Perth’s astonishing property marathon is continuing, with a 7.8 per cent added to the value of dwellings over the past year — including 0.3 per cent in June.

REA Group senior economist Eleanor Creagh said dwelling values have nearly doubled over the past five years, up 90 per cent — or $396,000.

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