WA News and Market Updates

March 2024 update: Take a look at what's happening in the WA property market.
WA News and Market Updates

The PropTrack Home Price Index for February 2024^ shows that the rapid rise in Perth home prices seen last year has continued in 2024.   

Perth remains the strongest market in the country in terms of annual growth, with prices up 16.32% YoY.  

Home prices rose 0.56% in February — the 19th consecutive month of growth — to a new peak median value of $651,000.   

Record low supply and strong buyer demand, as well as the relative affordability of the city’s homes, population growth and very tight rental markets are supporting home values.  

Across regional WA, home prices rose 0.08% in February, taking the median value to $484,000.  

^ https://www.proptrack.com.au/home-price-index/ 

Find out what's happening across the country: