Perth housing market cyclical boom

Perth boom

Low content output this week as I've been at an event on the Gold Coast!

CoreLogic released its monthly housing market report, which showed (or confirmed) what everyone already knew, that Perth's housing market is continuing to absolutely tee off.

I'm actually heading over to Perth next week for the first time in some years, so it'll be interesting to see first hand how things have changed out on the west coast.

Perth prices were up around +6 per cent over the quarter, with Adelaide (+3.3 per cent) and Brisbane (+3.1 per cent) also continuing to record strong price growth. 

Over the past three months, of the 8 capital cities only Melbourne has not recorded nominal price growth.

Source: CoreLogic

Generally the price growth has been recorded across the lower price points of the market of late, as tighter borrowing capacities are biting. 

Rents have been rising faster than prices since November, according to CoreLogic, and rents rose around +2.7 per cent over the quarter, again led by Perth (+3.9 per cent). 

You can track down CoreLogic's full monthly report here. 

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property investment purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with over 32,000 unique listeners per month.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with over 3.6 million hits here. 

You can also catch up with me daily on Twitter here, where I'm active daily and have over 13,900 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here. 

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.