Dwelling values in Perth, as in all other capital cities, are surging in 2021. As of June 2021, dwelling values, have grown 8.5% over the last 12 months but dropped 0.4% over the past decade. The median dwelling price in Perth is sitting at $521,688, with median house values at $545,620 and median unit values at $392, 321, higher than in previous years.
It’s good news for investors, with average weekly rents rising to $450 for houses and $400 for units. Gross rental yields are also slowly climbing from previous years, up 4.3% for houses and 5.3% for units.
The average number of days on the market for sale properties is now just 17 days, compared to 49 days in 2020.