Perth house prices have now reached the highest point in just over five years and unit prices the highest in almost three years. It is clear Perth’s housing market has moved into another price cycle, now roughly one year into a recovery following a five-year downturn. Record low home loan rates, generous government incentives, improved consumer sentiment has boosted buyer confidence – the same factors supporting market activity across all capital cities. Setting Perth apart is the affordability factor, with homeowners aware prices are below peak but rising, creating pressure to purchase before they accelerate too far.
Sourced from Domain.com.au