Perth finished November as the weakest performing capital city with a results of -1.1%.
On an annual basis, every capital city except for Perth is now showing a positive annual trend in dwelling value growth.
Perth values are 6.9% higher since the cycle commenced in June 2012, while Darwin values are 13.8% higher over this period.
The downturn has been entered across the Perth housing market since December 2014, took a pause in November with Perth recording 0.6% rise in values over the month.
The trend remains weak, however, with Perth’s dwelling values down 1.1 percent for the quarter and 3.4% percent lower for the year the silver lining around, the decline in Perth dwelling values is an improvement in affordability.
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Adelaide Housing Market Update [Video] – December 2016
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