Key takeaways
In February: Perth dwelling values rose by 0.3%
Over the quarter: Dwelling values increased by 0.3%
Over the past year: Dwelling values increased by 14.3%
Perth dwelling values are currently at a record high
he Perth housing market is starting to show some cracks in the growth trend, with values rising by a relatively small 0.3%. Earlier growth readings have revised lower, with Perth values now rising by just 0.3% in total over the past three months. Weaker conditions are more concentrated around the upper quartile of the market, with the top 25% of house values down 0.1% over the month.
Lower quartile unit values are leading the growth trend up 1.3% in February, demonstrating a skewing of demand towards the lower price points. The softer conditions come after Perth values have surged 75.9% in five years, approximately $349,000 higher.
Perth house prices graph
Source: CoreLogic
You may also want to read: National Housing Market Update
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