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Rise in Perth house prices tipped

A research collaboration between CoreLogic and ratings agency Moody’s has predicted a turnaround in Perth’s depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.

However, the report suggests while conditions are improving, there is still a long way to recovery as the drag from the mining downturn slows.

The CoreLogic-Moody’s Home Value Index forecast detached home prices in Perth to increase by 2.8 per cent in 2017, after falling 4.1 per cent last year.

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Comments

O'Connor
Every property owner would love to see the predicted rise.

Perth
Doesn't make sense, everything is pointing to a slump economy, so how could the house prices in WA rise? There'll be more job losses in the coming years and less government spending on projects, which will nullify the effect of reduced supply of houses.

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