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WA rental market tight as Perth property prices fall below Adelaide’s – WAtoday

The median price of a Perth homes has fallen beneath Adelaide’s as property values in regional WA take the biggest hit.

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Head of research at the home value index, Tim Lawless, said housing markets had remained relatively resilient since the coronavirus pandemic started.
“Record low interest rates, government support and loan repayment holidays for distressed borrowers have helped to insulate the housing market from a more significant downturn,” he said.
Perth and Adelaide were showing the strongest rental conditions, with these markets generally seeing lower levels of investor participation, and less “investment…

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