Perth Housing Market Update | June 2018

The Perth housing market appears to have flattened out over recent month, and the CoreLogic index has actually recorded a subtle rise of 01.% over the three months ending May.

Core Logic has released their newest housing market update for June 2018.

 

Listing numbers are reducing and homes are selling faster than they were a year ago at 58 days on average.

Perth values remain close to 11% below their 2014 high and even though the market seems to be moving through the trough, the recovery phase is likely to be a gradual one.

Interstate migration rates remain weak and a supply overhang is still evident across outer fringe detached housing sector.

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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


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