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flag Perth's property market thrives, but 70% of homes sell below value, unlike Sydney and Melbourne's slower sales.

flag Perth's property market is booming, but homeowners are often underselling their properties, according to property strategist David Kaity. flag Despite strong market conditions, Kaity believes that about 70% of transactions in Western Australia see homes sold below their true value. flag This trend contrasts with slower sales in Sydney and Melbourne due to higher asking prices. flag Meanwhile, Perth's rental market remains steady, with median weekly rents for houses at $650 and units at $630, up 5% month-on-month.

5 months ago
8 Articles