Perth shows solid 20 year capital growth: Residex

Perth has demonstrated positive capital growth over the last two decades, according to the latest report by property analyst Residex.

The report, which covered both metropolitan and country areas for each capital city, showed that the Perth house market has shown capital growth at an average of 8.56% per annum in the last 20 years.

Capital growth for Perth houses increased by 7.13% in the twelve months to July this year. It also increased by 1.34% from the last quarter.

The Perth unit market has also shown positive capital growth at an average of 7.83% per annum.

Capital growth for Perth units increased by 4.94% in the twelve months to July this year. It also increased by 0.81% from the last quarter.

According to Residex, the median house price in Perth is currently $510,000, while median rental yield is 4.86%. Median asking rent for July this year stood at $475 per week, up 5.56% on last year, where median asking rent was $450 per week.

The median unit price in Perth is currently $452,000, while median rental yield is 5.16%. Median asking rent for July this year stood at $445, and remains unchanged on last year.