Perth's May Property Market Update

Perth's May Property Market Update
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April was another strong month for the Perth property market, with CoreLogic data showing the Perth home value index increased 1.1 per cent during the month.

REIWA President Damian Collins said with another solid month of price growth recorded, the Perth property market was firmly on track to achieve 10 per cent price growth during the 2022 calendar year.

Perth's May Property Market Update

Mr Collins said, “The Perth property market remains in a very good position for continued price growth.”

“Even with interest rate rises expected soon, REIWA does not anticipate this will adversely impact our local market.”

“With low levels of stock for sale and building completions still sluggish, continued strong demand from buyers suggests the Perth residential sales market will be buoyant for some time.”

“However, the good news is that WA has some of the most affordable housing in the country, which means most buyers will be able to afford price increases and the looming interest rate rises.”

Let’s get into all the details with this month’s Perth’s #MarketUpdate.

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Perth's May Property Market Update

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