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.

P0

Perth May

You may also want to read:

National Housing Market Update [Video] 

investment property australia 2020
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Tim Lawless

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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