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Perth Housing Market Update [Video] – December2016

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.

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Perth city skyline at night

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.

You may also be interested in reading:

Adelaide Housing Market Update [Video] – December 2016

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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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