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Perth house prices to hit new record

PERTH'S median house price is poised to break through its 2007 peak soon, pushed higher by renewed activity from trade-up buyers.
The Real Estate Institute of WA said new data was showing a continued swing away from first home buyer activity to upgrade buyers.
"Notwithstanding the first homebuyers purchasing homes at the cheaper end of the market, Perth's median house price has held up and is increasing due to renewed activity with trade-up buyers," REIWA deputy president David Airey said.

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