A $75 billion resources construction boom is poised to again transform the WA economy.

Hope is on the horizon for Perth’s property market heading into 2019 and beyond, with prices predicted to grow faster than most markets across Australia.

Median house prices rose by 1.6 per cent in the Western Australian capital over November up to $518,000, the Real Estate Institute of WA has found.

The South West and Great Southern housing market is outperforming Perth and the rest of the State as homebuyers look for value around Margaret River and Albany.

Southern suburbs close to the city are performing strongly, with real estate agents claiming they haven’t seen prices this high in decades. Mount Pleasant is one of the few suburbs in Perth that is in demand.

This is my last Perth Property Market update for 2018 as filmed live at our Perth Property Investors Meetup, covering the House Prices and Rental Prices and my predictions for what is to come. Watch the video here or see the transcription and graphs below.

Last month we covered how to choose the right suburb… Now we look in depth at how to choose the right PROPERTY that is more likely to outperform and not give you headaches!

In this meetup Jarrad Mahon the Managing Director of Investors Edge Real Estate shares his industry insider knowledge on how to dominate due diligence to choose suburbs that are more likely to outperform.

Perth home buyers remain the beneficiary of the local property market, but with signs indicating a recovery is on the horizon, the favourable conditions that currently prevail won’t last forever and buyers should act soon if they want to secure a home at current prices. Source: Perth Property Market Still A Buyer’s Market|Latest Median House Price Data

  Perth’s rental market has improved, with reiwa.com data for the September 2018 quarter showing positive results across all key market indicators. Source: Perth Rental Market Has Strong September 2018 Quarter

After 10 years in the doldrums Western Australia’s property market is showing signs of life. Source: Western Australia property marketing showing signs of recovery

Professional Renovator Reveals Top Tips & Tricks on Renovating for Profit! | Meetup