WA’s sluggish property market is at last showing signs of recovery with new figures revealing the median house price has risen for the first time in more than 18 months.
The 0.5 per cent boost in the three months to December is the first rise since March 2010.
Perth’s median house price is now $465,000, according to Real Estate Institute of WA data.
REIWA says it could be the end of an extended period of falling prices.
