Perth Residential Property Market heading in the right direction.
Wednesday, March 13th, 2013Following the Reserve Bank leaving interest rates on hold in March 2013 and a slow start to building approvals, the increase in buyer activity at the lower end of the market is seeing a steady growth in the medium house price for the Perth Metropolitan area. Increased activity from the investors looking to capitalise on increasing residential rents and low interest rates, coupled with strong population growth and increase in consumer confidence, has increased the demand for residential homes in the $400,000 – $800,000 price bracket. A report put out by the Real Estate Institute of Western Australia (REIWA) stated “agents ...
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