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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Mining industry pushes Perth property skywards

By Staff Reporter
29 September 2009 | 1 minute read

Once boasting the lowest property prices in Australia, Perth is now a booming metropolis with property sales and values rising every month.

In 2002, the average price of a family house in the Western Australian capital was $190,000.

However, since that time, property prices in Perth have climbed steadily on the back of a strong economy and multi-million dollar mining deals.

Recently released figures from RP Data show that the average house price in Perth is currently $430,000.

RP Data’s national research director Tim Lawless said now is the time to buy properties in the resource driven state.

“Timing is crucial – buying into a resource driven market early is the key to strong capital gains and getting out at the right time is also critical,” Mr Lawless said.

“For those investors who get it right there are some spectacular gains to be had by investing in resource driven areas.”

Mining industry pushes Perth property skywards
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.