The cheering is sure starting to sound a bit hollow at Domain:
After a free fall in prices over the past four years, house values in Perth are expected to grow faster than any other capital city in 2019, according to real estate group Domain.
Perth house prices are expected to hit rock bottom by the beginning of 2019 and then grow 5 per cent next year, slightly more than Brisbane and Canberra, according to Domain’s economist Trent Wiltshire. Prices in Perth will have fallen 13 per cent from their peak – of $616,000 in 2014 – to trough, he said.
