The West Australian 30 Aug 2021
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With the Perth market particularly heated in the wake of COVID-19 stimulus cash, historically low interest rates and the return of expatriates, investors have been tempted to snap up property and push out more tenancies.
Spraggon George Real Estate Principal James Cornell said inner and middle suburban markets were staying strong and well above the “Perth median” statistics released earlier this year, luring investors.
“The punt both buyers and sellers take now is whether prices will continue to rise after this 12-month run,” he said.
“Past cycles have shown more prolonged increases and we have a lower interest rate environment.
“The housing shortage is widely reported, so I believe rents will hold firm or increase over the next 12-24 months.”