Is Perth property now unaffordable?
Perth's property price rises are comfortably outpacing the rest of the country but is the Western Australian capital now overpriced?
Property in Perth's outer suburbs have been flying off the shelves but inner suburban areas, like North Fremantle (pictured) could be poised to accelerate further too. (Image source: Shutterstock.com)
Perth’s property market has been so hot in 2024 that you could be excused for thinking that a park bench could be listed for sale and set off a bidding war.
Interstate buyers have been gobbling up listed properties sight unseen, real estate agents talk of properties being sworn to waiting east coast investors before they even reach the public domain, and asking prices are frequently exceeded by six figure sums.
CoreLogic’s latest home value ind…
