Perth Housing Market Update [video] | February 2020

For Perth home owners, the latest results deliver some positive news.

Housing values are slowly emerging from a slump that lasted five-and-a-half years.

Dwelling values edged 0.1% higher over the month and Peth dwelling values posted their first rise over a rolling quarter since May 2018.

Improving conditions are most evident across the most expensive areas of Perth, with the upper quartile recording s 0.8% rise in values over the past three months compared with a 0.4% lift across the lower quartile.

Improving conditions can also be seen in shorter selling times and smaller discounting rates from vendors.

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National Housing Market Update [Video]

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