PERTH’S median housing price rose in the past quarter, albeit at a slower rate than the boom times of last year.
The median housing price in Western Australia rose 0.7 per cent in the September quarter to $236,700, while Perth’s median housing price lifted by just 0.3 per cent to $255,700.
Real Estate Institute of Western Australia president Greg Rossen said the State’s real estate market was influenced by a large increase in first-home buyers and continuing strong demand for affordable investment properties, particularly in the larger country centres.
“The stamp duty concessions for first-home buyers in the September quarter resulted in more sales in the affordable parts of Perth and in the larger country centres,” Mr Rossen said.
“This had the effect of keeping the median house sale price steady in Perth but there were strong rises in the more affordable country centres.”
He said higher priced sectors of the market reported flatter sales activity and steady prices.