Perth’s housing market has staged a turnaround since the early months of the coronavirus.
Home values fell 1.6% between May and June, with the rate of decline more than halving through July and values holding firm in August.
The levelling out in the rate of decline was accompanied by a lift in the estimated number of sales, in fact, home sales over the past three months are tracking about 10% higher than a year ago across Perth.
Perth is also showing the tightest rental market conditions of any capital city with rents up 2% since the end of March.
Perth housing values remain the lowest of any capital city, with a median house value of slightly less than $462,000.
No doubt the healthy levels of affordability, together with low-interest rates and a generous mix of federal and state government incentives are helping to buoy demand.
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