Dr. Nahan asks the Treasurer for forecasts of median house prices and property transaction growth/decline for the next four financial years, as referenced in the 2018-19 Mid-Year Review. The Treasurer provides the requested figures.

AnsweredQoN 4751Legislative Assembly
Asked
13 February 2019
Portfolio
Treasurer

QuestionView source ↗

I refer to page 6 of the 2018-19 Mid Year Review and the lower duty on residential property transfers and I ask: (a) What is the forecast median house price for each of the following years: (i) 2018-19; (ii) 2019-20; (iii) 2020-21; and (iv) 2021-22; and (b) what is the forecast growth (or decline) in the number of property transactions for each of the following years: (i) 2018-19; (ii) 2019-20; (iii) 2020-21; and (iv) 2021-22?

AnswerView source ↗

Answered
12 March 2019
Response time
5 days
(a) Referring to the 2018-19 Mid-year Review, the forecast Perth median house price is as follows: (i) $510,400. (ii) $516,500. (iii) $531,500. (iv) $544,300.
(b) Referring to the 2018-19 Mid-Year Review, the forecast percentage change in the number of property transactions are as follows: (i) -9.1%. (ii) 5.2%. (iii) 6.1%. (iv) 3.1%.

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