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WA house prices tipped to increase 15% in 2021

There are a number of factors contributing to the strong price growth and expect to continue to see this year.

  1. WA is still the most affordable state, median house sale price is $495,000, which is down from the peak of $550,000 in 2014.
  2. We hit the bottom of the market around June 2020, and buyers are now eager to get into the market taking advantage of the record low interest rates.
  3. There is also a fundamental imbalance between supply and demand in the sales market right now.
  4. When you factor all these components in, it is a PERFECT STORM for higher-than-expected house price growth this year.

-REIWA

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