Perth has recorded a further reduction in dwelling values, with the market down 2.9% over the quarter, taking values 7.7% lower over the past twelve months and 18.1% lower since peaking in 2014.
Core Logic has released their newest housing market update for April 2019.
Looking at the difference in market conditions across the upper and lower quartile of dwelling values shown that the most affordable quarter of Perth’s housing market is recording weaker conditions relative to the expensive end of the market, with dwelling values down 8.2% over the past year across the lower quartile while upper quartile values were down a more moderate 7.2%.
Buyers are still very much in the driver`s seat across Perth, with properties taking an average of 72 days to sell, relative to 56 days a year earlier.
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