It is better to buy a house in one time investment than to rent a house per week for a longtime. Perth known as one of the expensive cost of living and Perth houses considered as one of the most expensive all over WA. Perth had four of Australia’s five most advantaged suburbs and one of the boom states.
According to Real Estate Institute of Western Australia President David Airey, “Our preliminary data for the March quarter show that while the proportion of sales under $500,000 has fallen there was a marked increase in sales between &500,000 and $1 million.” Despite the downturn of sales, property prices in Perth have reached record high, which showed a slight increase. It drives by strong home buyer activity and a high consumer confidence. Perth median house price at the moment is $479,000 and shows that home values in Perth is faster than any other capital cities.