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.