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Despite a haze of negativity, Reiwa says there are still bright spots in Perth property. Photo: Attila Csaszar

Property price growth proves possible: Reiwa

Perth’s residential property market may be enveloped in a cloud of doom and gloom, but the Real Estate Institute of Western Australia has released a list of eight suburbs across the city that recorded significant capital growth over the past 12 months.

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Comments

Burswood
The negative sentiment is bad for all of us and we all need to be more positive . A Positive outlook generates a positive outcome and pessimists a negative outcome. We have had a long period of doom and gloom , surely things can and will improve gradually and we need to believe and stay positive in the next year. In all aspects of life and work.

Chitral James
Not sure how REIWA is so blind folded about the fundamentals that are pointing to a further fall in property prices in Perth with a potential market crash. The opinion of REIWA is based on highly unrealistic assumptions. Median house prices are no way $530k across Perth is already below 500k mark and it'll keep doing down. What has been listed are the asking prices on the properties that are so difficult to be sold and eventually agents cut prices further to get a sale, which is also very hard. REIWA should stop misleading public.

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