Perth Market
Data >>
Perth
is a vibrant and modern city situated on the Swan and Canning rivers, with the
Indian Ocean to the west and the ancient
Darling
Ranges to the east. Perth is well known for its seafood restaurants, surfing
beaches, diving and fishing, canoeing & sailing.
Market Update –
Mar quarter 2008*
|
Perth
|
Mar quarter median
|
% change
Dec 07 – Mar 08
|
% change
Mar 07 – Mar 08
|
|
House Price
|
$460,000
|
-2.5
|
-1.1
|
|
House Rent
|
$335 pw
|
+1.5
|
+15.5
|
|
Unit Price
|
$365,000
|
-3.9
|
0.0
|
|
Unit Rent
|
$310 pw
|
+3.3
|
+19.2
|
|
Vacancy rate
|
1.4
|
-0.2
|
+0.6
|
*
This is the most up to date available -
property data is released 3 months after the end of each quarter.
Source: Real Estate Institute of
Australia
Comment:
It is
clear now that
Perth’s
residential market has peaked after a spectacular run over recent years.
The
upside is that rents are showing consistent growth which is effectively the
rental market playing catch up. Vacancy rates have started to edge up, which
is no surprise after a long and sustained period of rising building
construction levels, which ran from 2001 through to the first quarter of
2007.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on 1300 650 650.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
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