Perth Housing Market Overview

Home values across Perth have recorded a significant slowdown over the past year.

In this, the fifth part of an 8 part series from Core Logic’s Quarterly Review of the Australian Residential Property Market and Economy we look at the Perth Housing Market.

Compared with the same time a year ago, Perth home values had increased by 6.9%.

There has also been a fall in transaction over the past year foreshadowing weaker housing market conditions.

key stats october

Values

  • -2.8% over the quarter
  • +4.4% past 12 months
  • -2.0%pa last five years
  • +1.7%pa last ten years
  • +7.7%pa last 15 years
  • -11.4% lower than previous peak
  • +5.5% over the current growth phase

Annual sales volumes

  • 4,756 over year to August 2014
  • +17.5% over the year
  • Sales down from a recent peak of 4,826 in July 2014

Rents

  • +0.4% quarter
  • +2.4% over the year
  • +1.5%pa last five years

Yields

  • +0.2 percentage points over the quarter
  • -0.1 percentage point over the year

Selling time

  • -10 days over the quarter
  • -11 days over the year

Vendor discounting

  •  -1.6 percentage points over the quarter
  • -0.8 percentage points over the year

 

PERTH GRAPH 2

Read Part 1: Sydney Housing Market overview here

Read Part 2: Melbourne Housing Market here

Read Part 3: Brisbane Housing Market here

Read Part 4: Adelaide Housing Market here



Want more of this type of information?


Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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