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Sales activity in Perth was subdued during the March 2019 quarter, however reiwa.com data* shows median prices held up well.
REIWA President Damian Collins said while the Perth property market remained challenging for sellers, there had been no further declines to median house and unit prices during the March quarter.
“The March quarter results suggest median property prices in Perth are at or nearing the bottom of the market. On the ground information from our members suggests that the middle and higher end of the market is tracking reasonably well, signalling some suburbs in this part of the market may be in the early stages of recovery. While many suburbs in the lower end still appear to be struggling, there are excellent opportunities available to secure your dream home or investment property at a competitive price,” Mr Collins said.