IF YOU’RE a millennial, you’ve probably already resigned yourself to the fact that you’ll never own a home in Sydney. But just to really rub it in, depressing new data has found that Sydney is one of the world’s most overvalued cities for real estate. According to The Economist’s latest annual global house-price index, Sydney is among the world’s top 10 metropolises where property price booms are “unsustainable” compared to household incomes
Perth property prices strengthened during the June 2018 quarter, with reiwa.com data showing Perth’s median house and unit price increased.
For homebuyers looking for cheap homes in city-centres, Perth continues to be a strong destination as it remains the most affordable capital city.