APM Housing Market Report June 2013 – Perth

According to Australian Property Monitors, “The Perth housing market can be expected to continue its upward trajectory of growth, with median prices to be at record levels sooner rather than later in 2013.
First home buyers remain active in the market motivated by the tight rental market and steeply rising rents. However, signs are beginning to emerge of strains on the local economy from the record levels of new arrivals, particularly given the apparent topping out of the resources boom. Perth’s unemployment rate rose to 5.4 percent over April – the highest monthly level recorded for three years.”