Perth shows signs of shaking off slump, Esperance market strong: Herron Todd White

Perth shows signs of shaking off slump, Esperance market strong: Herron Todd White
Perth shows signs of shaking off slump, Esperance market strong: Herron Todd White

The Perth property market has recovered from the post-mining slump to grow above historical trends with a current capital growth rate of between 5% to 7%.

Middle-range priced property of between $300,000 and $450,00 is 'well represented' in both property volume and value, with supply and demand stable, according to a new report.

The Herron Todd White June Month in Review found property sales of over $500,000 is now strong up to and into the mid $600,000 price bracket.

The report noted current investment in the lower socio-economic residential market of Esperance as sound and returning the best investment figures due to correspondingly high rentals relative to capital outlay.

Sales between $180,000 and $220,00 in Esperance have increased compared to last year.

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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