Business News

Industry leaders are forecasting a return to equilibrium for WA, as population growth continues and the pipeline of supply gets built out.

Speaking at an Urban Development Institute of Australia WA event today, Real Estate Institute of WA chief executive Cath Hart said Western Australians were more equipped to weather interest rate spikes than other states.

“WA will be more resilient than other states in the face of rising interest rates and we will at least see (house) prices stable and possibly grow over coming years,” she said.

“[The] WA economy and finances are among the strongest in the world, population growth has been strong and the local labour market has been the strongest in the country.”

To read the full piece including core insights from UDIA WA’s Industry Luncheon Perth Property Prophesy, click here.