Nov 28, 2022
Perth has shown strong resistance to downturn pressures as it maintains high levels of sales activity and good price growth.
In contrast to trends in the biggest cities, Perth has delivered strong levels of sales volumes in recent quarters, despite all the disruption from interest rate rises, high inflation figures and all that ridiculously negative media.
In our latest quarterly survey, most of the suburbs in the Greater Perth area are categorised as rising or consistency markets.
This means the Perth market has been consistently strong in every quarter over the past two years, with well over a hundred suburbs categorised as rising markets.
Overall, Perth has been become one of the biggest targets for investors across Australia because the local economy is strong, the population is growing, real estate is cheap relative to other cities and the growth prospects are attractive.