Increase in luxury property sales lift Perth's median house price
While house prices fall in Sydney and Melbourne, Perth's median house price has lifted 1.6 per cent during November, thanks to an increase in luxury property sales according to industry body the Real Estate Institute of Western Australia (REIWA).
Premium suburbs are leading the recovery of the Perth housing market
Premium located suburbs are leading the recovery of the Perth property market, says Shane Kempton, Chief Operations Officer for Professionals real estate group in Western Australia and the Northern Territory.