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Median House Price in Perth Increase Again in December

Median House Price in Perth Increase Again in December

Recent data from REIWA reported that Perth’s median house price increased by almost 2% in the last quarter of 2016.

The report highlighted that the median house price in Perth has seen growth of 1.9% ($535,000) in the three months to December. Real estate players welcome this trend as it suggests that the trade-up sector of the industry is recovering.

If you’re looking to purchase your own home or invest in property, now could be the time. As buyer activity ramps up, there may currently be less competition from other buyers resulting in you securing a property that suits your needs at the right price.

As a firm who has a team of property specialists, we are seeing many of our clients getting their finance in order and completing their due diligence so they can pounce when the time is right. Although there’s no sense of urgency, there’s plenty of property in the market which have had major price corrections. Experts suggests, it’s only a matter of time before we enter the next upward cycle. Perhaps we are in the next cycle now?

Do you need assistance financing property or understanding the real estate market? Read this article on how we can help you purchase an investment property.

You can also contact our property division to get access to specialists in the fields of research, acquisition, finance, development and property tax.

written by:

Prior to forming McKinley Plowman, Nigel specialised in management consulting and international accounting, enjoying success in Australia and in the United Kingdom. His extensive experience in management consulting, international accounting and innovative tax structures has been a major driver in the success of McKinley Plowman as well as the many businesses he has steered towards new levels. Nigel is dedicated to fast-tracking his client goals with cutting edge tax and business strategies. He is a member of the CPAs and the Taxation Institute of Australia and enjoys developing tax strategies that work well here and around the world.

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