Perth Housing Market Update [video] | June 2021

Perth housing values continued to rise in April, but the pace of gains slowed relative to earlier months.

Activity across the Perth housing market has rebounded back to levels last seen during the boom times of 2013.

In May, CoreLogic estimates sales activity was tracking about 58% above the five-year average as demand for housing surges.

Such strong demand has seen the average selling time of a Perth home fall to just 17 days.

Vendor discounting rates are averaging 2.6%, which is close to record lows.

Housing values are responding to the strong selling conditions, rising 1.1% in May to be 8.5% higher over the past year.

The unit sector is showing a slightly milder growth rate than houses, with values up 6.0% over the past year compared with an 8.8% lift in house values.

Perh Update June 2021

Perth Key Statistics Update

You may also want to read:

National Housing Market Update [Video]

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About

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


'Perth Housing Market Update [video] | June 2021' have 1 comment

    Avatar for Tim Lawless

    October 18, 2019 Frontline

    Invest in real estate for your child’s future

    Reply


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