Perth’s house prices have risen almost 27 per cent in 12 months, or nearly $1000 a day – by far and away the most of any capital city, Ray White data shows.
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Ray White, one of Australia’s biggest networks of real estate agencies, published fresh figures revealing Perth is now the fifth-most expensive housing market in Australia, and experiencing price growth which outpaces Brisbane, Sydney and Melbourne.
Despite stellar price increases also in the WA’s regional market, it has stayed under a $500,000 median.
The Ray White House Price Report, using independent Neoval data, found Perth’s house median increased 3.6 per cent monthly and 26.7 per cent over the past year. The median has landed at $821,093, which means properties in Perth went up $985.31 a day, over a 30-day month.