Already a subscriber?Perth’s runaway housing boom could continue for at least another six months before any sign of a slowdown in price growth emerges.
“So you’d have to think this market is going to continue to show a fairly solid rate of growth, especially with listings still holding more than 40 per cent below average and homes selling very quickly.“At the very least, it looks like this market has another six months ahead of quite strong growth, if not more than that, unless there’s some unexpected development of the market, like interest rate increases, or we suddenly start to see more supply coming out of the ground.
“Low available supply levels should keep a floor under housing prices for some time yet, with Brisbane listings tracking 31 per cent below average despite the recent rise in advertised stock.” “Both Adelaide and Brisbane are becoming unaffordable and neither of those two cities has the same sort of tightness in stock that we’re seeing in the Perth market.”