The Perth housing market has now posted two months in a row where dwelling values haven’t fallen and the annual trend has seen the rate of decline.
The Perth housing market has now posted two months in a row where dwelling values haven’t fallen and the annual trend has seen the rate of decline more than halved from 4.9% mid last year to 2.5% over the most recent 12 month period.
The improving trend is evident across both the detached housing sector and the unit’s sector, however it’s the unit marker that’s showing a better performance unit values in 0.7% higher over the past three months and they’re down only 1.2% over the past year.
While house values remained a negative growth territory over the quarter, they’ve shown a larger 2.9 percent annual fall higher rates of detached in supply in the outskirts of the Perth metro area are likely part of the reason for the softer performance in houses relative to units
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NATIONAL HOUSING MARKET UPDATE [VIDEO] – NOVEMBER 2017
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