Perth has defied the National trend with the Australian Bureau of Statistics recording an increase in the Perth median house price for the quarter ending March 2011; http://au.news.yahoo.com/thewest/a/-/newshome/9294234/perth-house-prices-defynational-fall/. This coincides with our recent increase in investor and sales activity.
This may be the first sign of a needed upward swing in the Perth residential market. With investment yields increasing and rent becoming a larger slice of the household pay packet, property investment is becoming a more attractive proposition. If we see an easing in the Federal Immigration Policy, to relieve the skill shortage crisis, this will result in increased pressure on the housing market.
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