SMH
·general
·3 hours ago
Perth house prices surge 5.7 percent as 14-quarter growth streak continues
Perth's house prices rose 5.7 percent in the March quarter to a median of $1.18 million, marking 14 consecutive quarters of growth unseen since 2000-07. The western Australian capital recorded 24.6 percent annual growth, outpacing other major cities. Domain economist Nicola Powell warned buyers may be hitting an "affordability ceiling" as looming tax changes on negative gearing squeeze investors.
Summary by Glance · SMH
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