Perth

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

  • -2.2%Yearly change

  • $360Average rent

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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

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