Sarah Brookes, March 22, 2024 — 2.00am
If current price growth trends continue, the median Perth home price could top $850,000 by early to mid-2025 as strong migration and chronic stock shortages continue.
CoreLogic figures for February 2024 showed the median dwelling (both houses and units) in Perth surged 18.3 per cent to $687,004.
“This compared to $561,740 for February 2023 which represented a growth of $125,254 over the year or an average weekly growth rate of $2400,” he said.