perth house prices 1974-2012*

* Median house price is derived from all sales of established houses in Perth as at June
KEY: House prices are in $,000

each year. Established houses include detached dwellings on separate lots. The data was obtained from Landgate. 2006
Perth second most expensive capital city. Global & national economic pressures push up inflation & interest rates.

2007-12
Local market volatility after 2006 boom & 2009 stimulus. Global stock market & financial system instability

Produced by the Real Estate Institute of Western Australia. www.reiwa.com REIWA

500

M EDIAN HOUSE PR IC E

2001-2005
Perths median house price doubles on the back of resources boom. Interest rates steady around 6.5%. Second Gulf War.

400

1990-1991
First Gulf War. Recession. Interest rates fall to 7%.

300

1988
Perth median house price rises by 60%.

2000
Goods & Services Tax First Home Owners Scheme introduced. Four interest rate rises.

1992-1995
Three year building boom.
new home

200

1978
Annual inflation rate 20%.

1989 1985
Average home loan interest rates peak at 17%.

1974-1978 100
Perth median house price rises by 112%. Average home loan interest rate 9%.

Home loan interest rates deregulated. Average home loan interest rates 13%.

2000

2002

2003

2004

2005

2006

2007

2008

2009

1975

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2001

1976

1974

2010

2011

2012