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.
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
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