Perth leads house price recovery

Perth's housing market looks set for a strong recovery in 2013, with the median home price reaching a two-year high.

The RP Data-Rismark daily home value index for Australia's five largest capital cities was up 1.7 per cent compared to a year ago, with the median price of Perth homes up three per cent over the same period. 


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Interesting term used in the opening sentence, 'strong recovery'. Recovery from what? Perth housing has hardly been in the doldrums rather there was a slight correction over the last year in an inflated market.

Our young folk will have even less chance of actually owning a home as prices lift further beyond reach. They will have to wait to inherit their parent's house, which is a sad state of affairs. A stable population would stop this madness. Rising house prices don't make the country richer over all.

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