{"id":19774,"date":"2019-06-27T17:13:06","date_gmt":"2019-06-27T05:13:06","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19774"},"modified":"2019-06-27T17:13:06","modified_gmt":"2019-06-27T05:13:06","slug":"why-perth-house-prices-could-tick-upwards-in-2020-for-the-first-time-in-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-perth-house-prices-could-tick-upwards-in-2020-for-the-first-time-in-years\/","title":{"rendered":"Why Perth house prices could tick upwards in 2020 for the first time in years"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0House prices across Perth could increase in 2020 after a bottoming out of the market later this year.\u00a0<span class=\"photographer\">Photo:\u00a0iStock<\/span><\/strong><\/p>\n<p class=\"first-para\">Glimmers of hope are ahead for Perth\u2019s property market with prices predicted to rebound in 2020, according to\u00a0<a href=\"https:\/\/www.domain.com.au\/research\/domains-property-price-forecasts-june-2019-851001\/\">Domain\u2019s property price forecast<\/a>\u00a0released on Wednesday.<\/p>\n<p>However, house and unit prices are expected to bottom out in spring and remain unchanged during the six months to December, with prices likely to stay at the June median of $520,000 for houses and $330,000 for units.<\/p>\n<p>The report also says Perth house prices are anticipated to stay about 15 per cent below their 2014 peak.<\/p>\n<p>Domain economist Trent Wiltshire said a rebound in Perth prices in 2020 was expected, but given the entrenched weakness in the market, only modest price growth of 0 to 2 per cent for houses and units was forecast.<\/p>\n<p>READ MORE VIA<a href=\"https:\/\/www.domain.com.au\/news\/perth-property-prices-could-tick-upwards-in-2020-new-forecast-851915\/\"> DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0House prices across Perth could increase in 2020 after<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/why-perth-house-prices-could-tick-upwards-in-2020-for-the-first-time-in-years\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478106012,478098539,478102611,478101955,478098513,478101743,478099125,478098579,478098510,478098514,478098511,478098509,478103614,478098724],"class_list":["entry","author-data123nz","post-19774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-domains-property-price-forecast","tag-perth","tag-perth-house-prices","tag-perths-property-market","tag-property","tag-property-correction","tag-property-crash","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-trent-wiltshire","tag-wa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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