January 31, 2013
The Perth housing market was the nation’s top performer in 2012, rebounding strongly to rise by 6.1 per cent throughout the year.
This figure was revealed as the results of the Australian Property Monitors’ quarterly housing report were released on Thursday.
House prices in Perth rose in the December quarter by 2.5 per cent and units by 3.4 per cent.
The median price of a house in Perth is $560,780 and the median price of a unit in Perth is $365,132.
All capital cities recorded house price rises over the December quarter for the first time since March 2010, according to the report.
National median house prices rose by 1.9 per cent over the quarter and units by 1.6 per cent.
House prices also rose over the full year in 2012 by 2.1 per cent and 2.4 per cent for units.
Australian Property Monitors senior economist Dr Andrew Wilson said activity in the property market in 2013 would depend on the direction of local economies.
“It is no coincidence that the better performing housing markets in 2012 reflected better performing economies – particularly in regard to unemployment levels,” he said.
“With a rising sharemarket and an improving international outlook, the general economic landscape and prospects remain optimistic which is unequivocal good news for Australia’s recovering housing markets.”
Perth – House $560,780 Unit $365,132
Sydney – House $656,415 Unit $475,314
Melbourne – House $526,281 Unit $475,314
Brisbane – House $433,302 Unit $356,293
Adelaide – House $432,309 Unit $283,291
Read more: http://www.watoday.com.au/wa-news/perths-median-house-price-560k-20130130-2dk56.html#ixzz2JVoHEHOz