Perth is showing indications to be a city that could begin a growth cycle in the next 12-18 months. Unemployment is down from 6.4% to 5.4% in the last 12 months, which aligns with a reduction in vacancy rates.
WA is one of the most affordable markets in the country. Whilst it still may be in a down-market phase, its affordability is making it very attractive for potential buyers.
$488,003Median house price
Annual changes in dwelling value
Perth house values gained 0.4% over the three months to January. However houses are -2.2% lower over the past year.
Source: abs.gov.au, Core Logic
Areas of Interest.Our area insights.
Municipality of Wanneroo
Population growth set to grow 125,000 from 2016 - 2031
Forecast house increase of 44,500 between 2016 - 2031
Overall employment in WA is up 25,600 over the 12 months to July 2017, resulting in 5.4% unemployment rate