Perth Housing Market Update [video] | May 2020

Perth home values have avoided a fall for six consecutive months which is the longest run of growth since the market peaked in mid-2014.

The April figures showed a 0.2% lift in values over the month taking the market 1.1% higher over the year to date.

Local rents also edged higher, rising 0.1% in April with Perth the only capital city to avoid a drop in rents over the month.

Despite the positive monthly reading for values and rents, it’s clear that activity has reduced.

New listing numbers are down about 46% compared with a year ago and our estimate of buyer numbers has more than halved over the month, suggesting buyers and sellers have retreated to the sidelines.

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National Housing Market Update [Video]