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Perth median property price soars

Posted on 02 April 2013

Perth property prices have set a record, with the median house price hitting $510,000. It tops the previous record of $505,000 set in 2010. But experts poured cold water on expectations of a new housing boom, saying the pace of recent gains may not be sustainable and voicing concerns about WA’s continuing economic strength.
Real Estate Institute of WA figures for the March 2013 quarter show a 2 per cent increase in the median price since December. REIWA president David Airey said the growth was driven by an increase in turnover and more houses being sold above the median price………………………………………..Full Article: Source


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