Which of the top 20 best new houses in Perth?
A look at the best new homes in Perth and beyond for 2017.
The median house price in Perth has risen by over $4,500 in just a few months, with the median house value in Perth rising by $3,600.
It is the most expensive year on record for the average house price.
This is despite the fact the median price has actually increased by just over $1,200 since the start of the year, and median house prices across the nation have been rising faster than Perth’s.
The median price in the capital has jumped by $1.2 million in just five months, while in the ACT it has risen $1 million in a year.
At the other end of the market, Sydney has risen almost $3 million in five months.
In terms of median house values, Adelaide has risen the most, while Brisbane has risen more than $3.5 million.
Perth has also had a major increase in median prices in recent years.
In 2015, the median was $600,000 in Perth, while it jumped to $1m in 2016.
However, this year’s price increase has slowed to a trickle.
There is still a significant gap between the median and average prices in Perth.
According to the latest figures from the Australian Bureau of Statistics, median house rates in Perth are the lowest in Australia.
From February 2018, median Perth house prices have fallen by about $500,000, but the median has risen a whopping $959,000 since the beginning of 2017.
But the most exciting news of all is that median house house prices are starting to creep back up again.
A survey of over 800 local property owners by property developer Property News has revealed that median prices are still well above their peak.
The Property News survey showed that median price was $939,000 across Perth in February 2018.
Since then, median prices have risen by $50,000 and the median now sits at $937,000.
What does this mean for Perth?
If you have already bought a property, you should keep doing so.
If not, you can take a look at a comparison chart that shows median house rents and median price.
The property data shows that Perth is the second most expensive city in the country, behind only Sydney.