Perth housing market

Real estate in Perth is at its most affordable on record, as falling prices give first home buyers their best chance of stepping onto the property ladder, according to the Housing Industry Association (HIA).

While Perth house sales declined last month, 31 suburbs bucked the trend to record more sales in June than they did in May, according to data from the Real Estate Institute of Western Australia (REIWA).

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. 

The latest Real Estate Insitute of Western Australia (REIWA) Curtin Buy-Rent Index for the March 2018 quarter has revealed it’s the best time to buy in Perth since 2013.

A housing shortage is predicted for Perth in the next two years as building approvals for new dwellings is at the lowest it's been since 2001.