PERTH'S PROPERTY MARKET FORECAST FOR BIG RISE

Perth property market is on the rebound, with vendors welcoming rising prices after a battering by COVID-19.

Perth properties have dropped from an average of 55 days on the market to 28.

Homes in Rivervale, Mt Hawthorn, Swan View and Coolbellup are selling in less than a month on average.

ANZ is predicting a 12 per cent surge in property prices for the Western Australian capital — the largest jump for anywhere in Australia.

But the state's peak real estate institute, Reiwa, has forecast a rise of about five per cent.

"It's a fairly optimistic and bullish forecast," Reiwa president Damian Collins said.

"We've got a shortage of stock, we've got very strong demand, the economy is doing well, and with the mining sector performing particularly strongly, there's no doubt Perth property prices are on the rise."

Whether you are buying or selling your property, get in touch with the dedicated team at Mi Casa who will look after you and your property! Contact Mi Casa Property on 9339 7079 to book your free market appraisal with one of their awesome agents today!