The Australian Property Investor reports that according to September quarter figures from the Real Estate Institute of Western Australia, residential property prices in Perth has risen by 4.4% over the past quarter, taking the median sale price to $308,000 (the highest ever).

Perths success reflects just how well property markets along Australias western states are performing, unlike Australias eastern states, where property markets are generally facing a downturn.

Real Estate In Western Australia (REIWA) president Greg Rossen said: "These latest figures show that despite a downturn in real estate in the eastern States, the sector remains strong in WA for homebuyers, commercial properties and investors."