Professionals Stirling Clark May 2021 Property Market Forecast

Professionals Stirling Clark May 2021 Property Market Forecast

REIWA announced their revised forecast for property growth in Perth was now up to 15%. It was predicted to go up 10% for the entire year, but since suburbs like Forrestfield and Maida Vale have already jumped 9.6%, it’s likely they will continue to rise! I don’t think anyone is predicting to see it going up quite as quickly as it has in the past 12 months though. That price correction has been swift and excessive.

WA is still the most affordable state in the country when comparing income to median house prices. The current Perth median house sale price is $495,000, which is still down from the peak of $550,000 in 2014.

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