Locals are becoming increasingly aggressive as they seek to gain the edge in Perth’s red-hot property market.
Locals are becoming increasingly aggressive in their pursuit to buy property as Western Australia’s population booms and east coast investors pour into the state.
Hinchcliffe said the pace and quality of offers had improved, and it was not uncommon for a property to receive 10 good offers immediately after a home open. In February 2024, the median house price across Australia’s combined capital cities was $944,229, while in Perth it stood at only $600,000. “While not evident in the median unit price data yet, our valuers are now reporting a significant uptick in activity and strong upwards pressure on values.”
“There are genuine examples of people with good jobs, good rental records that are at threat of becoming homeless if they cannot secure a property,” he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murky water at Perth's Mullaloo Beach blamed on faulty marina construction equipment, but locals unconvincedMurky and discoloured water at Mullaloo Beach in Perth's north is being blamed on a faulty piece of equipment used to construct a marina nearby.
Read more »
Award-winning Perth craft beer brewery Golden West Brewing Co enters administration7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Designs for Perth's new $100m pedestrian bridge spruiked, featuring 'digital canvas' light displaysThe WA Premier says images will be digitally projected onto the cables supporting the structure, which is set to be completed by the end of the year and be a tourism drawcard.
Read more »
Teen, 16, fighting for life after Perth stabbingThe 16-year old was was dumped at Rockingham Hospital by two men on motorbikes.
Read more »
Man claims psychedelic drug caused him to kill mother in PerthA man has admitted to killing his mother at the home they shared in Perth’s southeastern suburbs but says it wasn’t murder because he was high on a psychedelic drug at the time.
Read more »
Locals in Quorn Struggle with Undrinkable Tap WaterResidents in Quorn, Australia, are unable to drink the tap water due to its poor taste and quality. Despite paying the same price as residents in Adelaide, the water in Quorn is salty and leaves sediment on everything. Locals have complained about the water's negative effects on their hair and skin.
Read more »