General
Real estate market heats up in Perth with forecast 10 per cent jump in median house price
Perth’s property market is on the rise as reduced travel increases buyer activity, with expectations the median house price could grow by as much as 10 per cent during 2021.
Key points:
- Housing sales jumped 42.5pc last month on December 2019, REIWA says
- Kelmscott saw the largest increase in its median sale price at 6.2 per cent
- REIWA expects house prices to jump between 6 and 10pc this year
According to data from the Real Estate Institute of Western Australia (REIWA), December 2020 saw a jump of 42.5 per cent in house sales compared to December 2019.
REIWA president Damian Collins said reduced travel during December had allowed people to benefit from the favourable real estate market.
“Traditionally December experiences a reduction in the…
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