Perth leads Australian cities with a 21% rise in house values, contrasting falls in Melbourne and Sydney.

Perth's property market has seen significant growth, with a 21% increase in house values, leading all Australian cities. In contrast, Melbourne's house prices fell by 2.3%, and Sydney's luxury market dropped up to 10%. Perth suburbs dominated the top 10 growth spots, with Bellevue seeing a 36.9% increase to $674,768. Units nationwide outperformed houses, with gains between 40% and 53% in the best-performing markets. Rising interest rates and affordability concerns have influenced these trends.

3 months ago
38 Articles