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Perth housing market update [video] | June 2022 - featured image
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Perth housing market update [video] | June 2022

The monthly rate of growth eased in Perth, reducing from 1.1% in April to 0.6% in May.

Perth Housing Market Update | June 2022

The lower monthly growth rate is a surprise considering advertised listings trended lower through the month to be down 18% on levels recorded a year ago, while estimated sales activity increased over the month to be roughly in line with levels a year ago.

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With a median dwelling value of $555,500, Perth is the most affordable state capital.

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Along with an extremely tight labour market and strong economic conditions, the affordability advantage of the Perth housing market should help to keep a floor under housing demand as interest rates rise.

You may also want to read:

National Housing Market Update [Video] 

Adelaide Housing Market Update [Video]

Sydney Housing Market Update [Video]

Brisbane Housing Market Update [Video]

Melbourne Housing Market Update [Video]

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
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