Perth property market 'to keep growing'

The property market in Perth is likely to continue growing strongly in the long term, it has been suggested.

Speaking to Perth Now, Real Estate Institute of Western Australia president Rob Druitt stated that in the near future the market could "ebb and flow" but prospects for further ahead are positive.

"Homebuyers looking at the medium to long term should have no doubt of the positive outlook for WA's [Western Australia] property market," he stated.

Furthermore, he called for the government to play a part in "appropriate development" of the city in the future.

Mr Druitt's comments follow statistics released by the Australian Bureau of Statistics showing that predict Perth's population to double in the next 50 years.

And it has been suggested by real estate experts that other locations in Australia such as Adelaide will soon be boosted by a property boom.
 

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