Business
Perth real estate prices are surging, with Bicton, North Beach and Sorrento leading the pack – ABC News
Real estate agents say “absolutely crazy” demand is behind 20 Perth suburbs’ median house prices growing by over 10 per cent in the first third of this year.
Real estate agents say “absolutely crazy” demand is behind 20 Perth suburbs’ median house prices growing by over 10 per cent in the first third of this year.
Key points:
- Nine of the 20 suburbs are below the median Perth house price
- The market is tipped to improve by 15 per cent this year
- Advocacy groups are concerned about the shrinking rental market
Data released by the Real Estate Institute of WA (REIWA) today revealed prices in the riverside suburb of Bicton had grown 20 per cent since December,…
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