The latest figures from the The Real Estate Institute of WA shows the volume of Perth property sales in the March quarter reached its highest level in two years.
The median house price is up slightly to $465,000.
The data shows there has been a surge in first home buyers, with eight out of 10 buying established houses rather than building.
REIWA's president David Airey says they are buying near established infrastructure.
"Well it seems to be that the preference for these young, generally young, home buyers is to buy an established property that is near infrastructure such as shopping, and transport and roads, rather than in the newer areas where there's less of those established facilities," he said.
Mr Airey says this is good news for the overall market.
"The most popular price ranges are between the 300 and the 500 thousand dollar pricing, that's where most of the activity is," he said.
"But as more and more of those properties sell, those sellers tend to buy more expensive property so it's likely that this level of activity will lead to an increase and an improvement across the whole market."
Source: http://www.abc.net.au/news/2012-04-20/new-home-buyers-boost-market/3963034?section=business
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