Perth house prices are climbing at their fastest rate in three years, new figures show, with the Reserve Bank set to make it even easier to buy into the property market.
The Australian Bureau of Statistics today reported that the house price index for Perth climbed by 3.4 per cent in the three months to the end of June, the best performance in the country.
It took the annual growth rate in the index for Perth to 11 per cent.
Nationally, prices were up by 2.4 per cent for the quarter.
Outside Perth the best performed city was Darwin, at 2.9 per cent, while the index was up by 2.7 per cent in Sydney.
The annual performance for Perth dwarfed other cities with the next best Darwin again at 7.1 per cent.
Adelaide, just 0.6 per cent, and Hobart at 1.2 per cent continue to drag the chain.
The figures came ahead of today's Reserve Bank board meeting result.
