Perth values stabilise, ‘staggering’ figures reported in rental market

PHOTO: Fresh data shows Perth’s median house price has stabilised over the month of December, but rental listings data has surprised local experts. 

During December, Perth saw median house prices hold steady at $510,000, according to the Real Estate Institute of Western Australia (REIWA).

While unchanged compared to last month, this was a rise of 2.6 per cent compared to September.

Damian Collins, president of the REIWA, said this showed the median house price in Greater Perth was holding up well, “which is good news as the market transitions towards a recovery”.

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