"Perth leads nation in real estate growth"

"PERTH has experienced its strongest winter residential sales season for seven years, new figures show.            
Home values across the city jumped by 3.8 per cent throughout the season up to August 26, RP Data figures show.

RP Data senior research analyst Cameron Kusher said Perth’s growth for the year to date (8.3 per cent) was currently leading the nation.

“It is important to keep in mind that winter is usually a slow period for the housing market in Perth,” Mr Kusher said.

“Of course, winter isn’t finished quite yet but if we look at the past five years it is shaping up as the strongest over that period."
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Values increased by just 0.2 per cent in winter 2012 and fluctuated in 2011 (-3.1 per cent), 2010 (0.2 per cent), 2009 (1.9 per cent), and 2008 (-1.8 per cent). 

Perth’s median house price is currently $510,000 and the median unit price is currently $425,000, according to RP Data.

“If the 3.8 per cent growth to-date holds for the remainder or winter, it will be the strongest winter for the Perth housing market since values rose by 10.0 per cent in winter 2006,” Mr Kusher said.

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This article was sourced from PerthNow and was written by Claire Bickers.