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A panel of experts was unanimous in declaring 2017 would be a rebound year for Perth property. Photo: Attila Csaszar

Improving sentiment to drive property rebound

Perth's median house price is on the verge of upswing in 2017, as a stabilising labour market and surging commodity prices drive marked improvements in consumer sentiment.

A panel of property experts today flagged stronger fortunes for Perth’s residential market in 2017, at the latest instalment of Business News’ Success & Leadership series.

Real Estate Institute of Western Australia president Hayden Groves said 2016 was among the most challenging years on record for Perth property, with the total number of transactions over the year coming in around 31,000 - less than half of the 70,000-odd transactions that occurred during the last peak of activity in 2006.

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Total combined value of current WA projects

4th-Finbar Group640,400,000
5th-Pindan Capital525,280,000
6th↑Blackburne509,369,980
7th-Sunlong Constructions439,000,000
8th-Leighton Properties434,800,000
69 property - (built-form) developers ranked by total combined value of current WA projects ($)

Employees

12th↓David Evans Real Estate72
13th↓Davey Real Estate66
14th-Blackburne63
15th↓Opteon61
16th↑LMWNFP
60 real estate - residential ranked by residential staff [this field is calculated by applying the % of business residential to the total staff in WA.]

Number of Employees

Property - (Built-form) Developers

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