Table of contents
 - featured image
Ahmad Imam Square Wide Lo Rez 400.jpgtim Lawless
By Tim Lawless
A A A

Perth housing market update [video] | October 2024

key takeaways

Key takeaways

In September: Perth dwelling values rose by 1.6%

Over the quarter: Dwelling values increased by 4.7%

Over the past year: Dwelling values increased by 21.4%

Perth dwelling values are currently at a record high

Perth housing values continue to rise through September, with values up a further 1.6% over the month, adding approximately $12,730 to the median value. Though values are rising rapidly, some heat has left the market, with the quarterly pace of growth easing from 6.2% in the June quarter to 4.7% in the September quarter.

Perth Housing Market Update | October 2024

The subtle slowdown in value growth has been accompanied by a gradual rise in advertised stock levels, with fresh listings coming to market 3% higher than a year ago and 6.5% above the previous five year average.

Perth house prices graph

Perth October

Source: CoreLogic

Despite the lift in vendor activity, the market remains well in favor of sellers total advertised suppliers holding more than 40% below the previous five year average and homes are selling with a median of just eleven days over the past three months.

You may also want to read: National Housing Market Update

Ahmad Imam Square Wide Lo Rez 400.jpgtim Lawless
About Tim Lawless 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
13 comments

As the owner of several rental properties who regularly looks at the rental listings in my suburbs my experience is that there is a shortage of quality tenants, not a shortage of rental properties

1 reply

Where is the data around all of these Landlords exiting? You can't say this while saying "sellers are on strike" on all of your other charts. With rents at $550 for a Median House around 600k, we have the best yields. As an owner of multiple proper ...Read full version

1 reply

Cap rental increases, thats almost funny how about killing the spider rather than removing webs? the issue is the banking system, who in their right mind would allow any business to up payments on goods that have already been sold, once a home loan h ...Read full version

1 reply
10 more comments...

Guides

Copyright © 2024 Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts