Property market update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Constant rumours that Australia is in the midst of a housing bubble have been silenced by RP Data.
Speaking to Smart Property Investment yesterday, RP Data’s research analyst Cameron Kusher said there was no data to suggest Australia is in a housing bubble.
“We enjoyed some pretty strong property price growth over the last 12 months. However, that growth is now plateauing,” Mr Kusher said.
"There is nothing to suggest we are in a housing bubble. In fact, the price growth we are achieving now will be sustainable long term.”