{"id":30247,"date":"2021-01-23T10:45:26","date_gmt":"2021-01-22T21:45:26","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30247"},"modified":"2021-01-23T10:45:26","modified_gmt":"2021-01-22T21:45:26","slug":"the-surprising-city-thats-tipped-to-be-the-hottest-property-market-of-2021","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-surprising-city-thats-tipped-to-be-the-hottest-property-market-of-2021\/","title":{"rendered":"The surprising city that&#8217;s tipped to be the hottest property market of 2021"},"content":{"rendered":"<p><strong>PHOTO: House prices in this city are expected to jump this year. <span class=\"photographer\">Photo:\u00a0Duet Property Group<\/span><\/strong><\/p>\n<p class=\"first-para\">Perth house prices are on track to rise faster than any other Australian capital city in 2021, thanks to a strong economy, a tight rental market and the state\u2019s response to COVID-19, according to property experts.<\/p>\n<p>House price growth between 6 and 10 per cent was likely, Real Estate Institute of WA president Damian Collins said, with 2021 expected to be the city\u2019s best performing market in about seven years.<\/p>\n<p>\u201cWe have an undersupply of properties on the market and the oversupply of what we had in the last year has been taken up and demand is certainly outstripping supply,\u201d he said.<\/p>\n<p>\u201cWe are certainly very affordable. Our income is higher than other locations, interest rates are low and the WA economy is strong, particularly our mining sector, which drives a lot of things.\u201d<\/p>\n<p>Economists also expect strong growth, with ANZ\u00a0<a href=\"https:\/\/www.afr.com\/property\/residential\/anz-scraps-its-too-pessimistic-house-price-call-20201116-p56eyc\">tipping<\/a>\u00a0a 12 per cent rise in Perth housing prices this year, compared to 8.8 per cent in Sydney, 9.5 per cent in Brisbane and 7.8 per cent in Melbourne.<\/p>\n<p>AMP Capital chief economist Shane Oliver recently\u00a0forecast\u00a0Sydney and Melbourne to rise about 2 per cent on average in 2021 and more for suburban houses, while Perth and Brisbane could rise up to 10 per cent.<\/p>\n<p>Falling house prices in the past five years meant the Perth property market had more room to grow, according to JLL WA strategic research manager Ronak Bhimjiani.<\/p>\n<p>READ MORE VIA <a 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mansion<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: House prices in this city are expected to jump<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/the-surprising-city-thats-tipped-to-be-the-hottest-property-market-of-2021\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":30248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478108952,478098566,478098519,478114322,478098535,478098522,478098539,478107078,478106737,478106294,478102611,478114025,478113973,478100946,478113682,478110136,478110132,478100589,478114026,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098921,478098509],"class_list":["entry","author-data123nz","post-30247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-covid-19","tag-first-home-buyers","tag-home-ownership","tag-hottest-property-market","tag-house-prices","tag-interest-rates","tag-perth","tag-perth-agent","tag-perth-home","tag-perth-homeowners","tag-perth-house-prices","tag-perth-market","tag-perth-median-prices","tag-perth-property","tag-perth-property-sales","tag-perth-real-estate","tag-perth-real-estate-agency","tag-perth-real-estate-agent","tag-perth-real-estate-market","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-franchise","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The surprising city that&#039;s tipped to be the hottest property market of 2021 - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/the-surprising-city-thats-tipped-to-be-the-hottest-property-market-of-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The surprising city that&#039;s tipped to be the hottest property market of 2021 - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: House prices in this city are expected to jumpRead More &rarr;\" \/>\n<meta property=\"og:url\" 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