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.
YOU MAY ALSO BE INTERESTED IN WATCHING:
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.