Business
Perth properties selling the fastest they have in 15 years – Sydney Morning Herald
Property prices across Australia increased at their fastest rate in 30 years over March, while Perth house values have risen tens of thousands of dollars in since…
Such a rapid rate of absorption is keeping overall inventory levels low and adding to a sense of FOMO amongst buyers.
The top end of the housing market was leading acceleration in the rate of capital gains.
Across the combined capitals, the upper quartile of the market recorded a 3.7 per cent lift in values in March, while the lower quartile was up less than half this rate, at 1.6 per cent, Mr Lawless said.
The buoyant outlook for Perth was backed by the latest REIWA data for March that showed properties…
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