Perth housing market may be moving through the bottom of its cycle, dwelling values posted a 0.3% rise in March and were only 0.2% lower over the first quarter of the year.
Core Logic has released their newest housing market update for April 2018.
The improvement was confined to the detached housing sector, where dwelling values were 0.2% higher over the March quarter.
Unit values, on the other hand, continued to nudge lower over the quarter, down 2.2%.
Another sign of improving conditions across the Perh market is a sustained upwards trend in sales activity; year on year settled sales were 1.9% higher across Perth as buyer demand improves from a low base.
Since the market peaked in June 2014, Perth dwelling values are down 10.8% and the median dwelling value is now the lowest amongst the four largest capital cities.
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.