Perth’s subdued property market is seeing a glimmer of hope as house prices rebound for the second quarter in a row for the first time since 2014, a new report shows. House prices edged up by 0.7 per cent to a median $537,013 in the December quarter, the Domain House Price Report reveals.
SISKAS Apartments now under construction
Siskas the final building within the highly successful Taskers waterfront development is now under construction! Architecturally designed and crafted by leading Western Australian builder and developer Gary Dempsey, Siskas at Taskers offers unrivalled river views, resort-style facilities, extensive private gardens and inimitable design and building technology. It is undoubtedly the finest apartment development in the Western Suburbs
Perth Property Prices Predicted To Rebound: 2020 Forecast
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.