Iron ore fluctuations aside , the fundamentals of Perth remain strong and this is showing up most clearly in rental increases . The The city ’ s seeing some of the strongest rental growth in Australia , reflecting both growing wealth and employment growth . Opening borders will be a further driver of rental growth , and by extension price growth . There are lots of jobs in Perth and lots of people wanting to move there but for now , it ’ s difficult to do so .
While prices have stalled overall , there are some suburbs that are clearly outperforming the rest of the city . Dalkeith and City Beach have both seen price rises over $ 600,000 over the past 12 months . Six suburbs have seen their medians rise by over 40 per cent . Price growth is mixed but does seem to be favouring Perth ’ s more expensive suburbs .
Perth is definitely a market to watch , particularly given that it does tend to move counter to the eastern seaboard . With iron ore price growth returning , strong rental growth and borders reopening , there remains a lot of positivity for this market .
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