Perth house prices rise 3.2% over quarter - most since 2009

Perth's median house price rose 3.2% over the June quarter - the greatest quarterly rise since December 2009, according to Australian Property Monitors.

Perth’s house prices have increased 7.5% over the 2013 financial year  the strongest performance of any capital city housing market, according to APM's latest housing market report.

"Perth’s median house price has now risen for 6 consecutive quarters, and is now at an all-time high of $584,487," the report says.

"The strength of the Western Australian economy is a key driver of the Perth housing market, evidenced by the lowest unemployment rate of any state, at 4.6 percent in July"

 

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Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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