PROPERTY

Bleak outlook for homebuyers as prices rise in these cities

Geraldton’s property prices surged 5.8 per cent in the three months to January, according to new data, which has the red-hot regional WA market leading the national pack.

Fresh data from property analytics firm Cotality shows regional WA recorded the strongest price growth of any State, with dwelling values jumping 6.1 per cent in the quarter — up sharply from 4.9 per cent in the previous quarter.

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