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Things Looking Rosier in Perth

The report estimates Perth’s median house value will jump from $490,000 today to $600,000 by June 2014. It expects land prices to rise an average 6.4 per cent annually for the next five years.

The report, detailed in the AFR, also tips interest rates will peak at about 9.1 per cent in 2013 – at about the same time a weaker cycle will start in the residential housing sector.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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