Perth’s housing market notched up a fourth straight month of rising home values, taking the market 2% higher since finding a floor in July following a 2.2% drop in values the COVID-related downturn.
Despite the recent growth, local values remain slightly below their pre-COVID highs and are almost 21% below their 2014 peak.
Both house and unit values have been trending higher over recent months, while from a geographical perspective the strongest conditions over the past three months have been across some of the most affordable markets, with Kwinana values up 6.8% and Wanneroo, where values are up 4.7%.
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