Perth Housing Market Update | August 2018

The Perth housing market has slipped a little over the past three months, after recording several consecutive months of positive growth.

Core Logic has released their newest housing market update for August 2018.

 

The three months ending July saw Perth values fall by 1.5%, which was the largest quarterly fall since August 2017.

While we remain of the view that the Perth housing market is either at the bottom of its downturn or very close to it, the recent negative movements highlight that this market remains fragile and growth drivers are scarce.

The apartment market has been the weakest, dragging the quarterly reading down by 3.3% while house values were down a smaller 1.1% over the past three months.

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