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Perth’s property market stayed the course in February, seeing another month of growth albeit at a slower pace. With WA set to reopen its borders in March, local experts and industry figures are optimistic that the city is tipped to reach new heights.
Perth did not stray from its set course at the start of 2022, as the city saw the continuation of the steady-as-she-goes recovery in property values over February.
According to REIWA President Damian Collins, the city’s latest performance showed that it was on track for another solid year of price growth.
“REIWA members across Perth are reporting strong market conditions. We don’t anticipate the demand for property changing any time soon, especially with borders set to open this week,” Mr Collins confidently stated at the end of the month.
The city’s steady performance was mainly attributed to the low supply of available properties in the WA capital being unable to keep up with the strong demand from bot
Newly released data has shown Perth’s housing and rental markets have sustained their price growth momentum, while still remaining affordable for buyers and tenants.