Property price growth a double-edged sword for the city

For Perth property owners, the news that our city’s median dwelling value has reached $785,250 – surpassing Melbourne’s $776,044 for the first time since 2015 – is cause for celebration.

This milestone, coupled with a staggering 24.4 per cent annual price growth, paints a picture of a thriving property market and a city on the rise.

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