Ray White Now | February 2022 | Page 18

PERTH - FUNDAMENTALS REMAIN STRONG IN THE WEST

For now , Perth ’ s price growth appears to have taken a break however this break may be short lived . While many other parts of Australia see house prices move with interest rate fluctuations , that ’ s not the case with Perth with iron ore being a far better indicator . Last year , the link between iron ore and median house prices was almost exact - iron ore pricing saw a dive , and a decline in house prices followed . The good news for the Perth housing market is that once more , iron ore ’ s staging a recovery .
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