Property price rebound is ‘remarkably resilient’

Perth is tipped to post house price gains of up to 16 per cent this year – with Brisbane and Adelaide not far behind – as the surging demand for housing in more affordable cities outstrips the supply of homes, according to The Australian Financial Review’s quarterly property survey.

Across the nation, the housing rebound is proving resilient despite higher borrowing costs, and a panel of 10 experts tips median growth of 5 per cent nationally. The price gains are expected to be more subdued in Sydney (between 4.5 per cent and 9 per cent) and in Melbourne (from flat to 4 per cent).