Perth home values were down 0.4% in October, continuing a market correction that has been running since mid-2014.
CoreLogic has released their newest housing market update for November 2019.
Although values are still falling, the trend rate of decline was the smallest in fourteen months and many of the underlying economic and demographic fundamentals are improving.
Perth house values are the lowest of any capital city with a median of $451,800, providing an affordable entry point for prospective home buyers.
Rental markets have been tightening as housing demand increases, lifting Perth rents 2.4% higher over the past year.
You may also want to read:
National Housing Market Update [Video]
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
'Perth Housing Market Update [video] | November 2019' have 1 comment
October 18, 2019 Frontline
Invest in real estate for your child’s future