Reiwa president Hayden Groves.

House prices steady, sales up

Perth’s median house price remained stable at $535,000 for the three months to March, according to the Real Estate Institute of Western Australia, while reported sales activity in the metro region jumped 15 per cent.


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Reiwa president is not telling the truth, but the reality is that Perth house prices are falling, because all fundamentals are pointing towards that, for example employment down, poor construction data, so as migration (except for refugees and students, who don't buy houses). You can see any home open attracts no serious buyers, home sales prolong for months with no offers and higher empty properties.....

You have got to be kidding, here in parmelia the prices are at their worst ever. $260,000 for a 3x1 is the new normal. Yes the advertised prices are higher but if you want to actually sell its the $260,000 price or nothing. Reiwa is lying to everybody and rp data are spot on with the real median.

It astonishes me they even bother publishing these articles with a "market expert" giving commentary. The "expert" always has an agenda (typically a real estate agent looking to instil market confidence). I challenge someone to find me some commentary by a "market expert" real estate agent saying something like " wehaven't yet reached the bottom and prices are likely to decline further" Do yourselves a favour and have a read back through the abundance of similar articles and "market expert" commentary over the past 24 months. They ALWAYS said the market was stabilised and had reached the bottom. Wrong every time. Why should it be any different this time around??? FYI. I am a real estate agent....just a "real" one.

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