WA news LIVE: REIWA data shows Perth house sales defy national trend The latest figures from the Real Estate Institute of Western Australia (REIWA) paint a stark picture of Perth's property market, which is bucking the national trend.
While many cities are experiencing a downturn in house sales, Perth's median prices are set to reach $1 million by year's end. Perth's economic diversification is one key factor contributing to this anomaly.
Unlike other Western Australian cities, which have historically relied on mining and agriculture, Perth is establishing itself as a hub for financial services, technology, and innovation.