Glimmers of hope are ahead for Perth’s property market with prices predicted to rebound in 2020, according to Domain’s property price forecast
“A number of fundamental drivers of prices suggest a turnaround for Perth,” Mr Wiltshire said.
“Annual population growth is predicted to increase to 1.5 per cent in 2020 (from 0.9 per cent in 2018), interest rates are lower, the Australian dollar has fallen, the mining outlook is now much stronger, there is a growing demand for workers and unemployment is expected to fall.