The Perth housing market appears to have moved through its decline phase.
Values have increased over each of the past 3 months to be 0.3% higher over the quarter.
This is the strongest period of growth over a three-month period since June 2014.
It isn’t only value data which indicates improving housing market conditions in Perth.
The number of days it takes to sell a home has fallen from 68 days a year ago to 59 days.
The number of properties listed for sale is approximately 13% lower than a year ago, and sales volumes are up 1.4 percent on a year ago.
Growth is expected to remain moderate but it seems as if the worst of the market conditions are now behind Perth.
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