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.
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