admin-ajax.php

Perth Housing Market Update [Video] – August 2017

The latest housing market results highlight the diversity of housing market conditions, with dwelling values down over the month in Perth (-1.3%).

Perth and Darwin have continued to see dwelling values slip lower over the month, taking the cumulative decline to 10.2% in Perth and 14.5% in Darwin since both markets peaked in 2014.

Dwelling values across Perth dipped again in July falling 1.3% of the month to be 2.1% lower of the year. Perth city skyline at night

Although values edged lower over the month the trend rate of decline has eased during 2017 as the market approaches a floor.

The unit market appears to have already started a recovery across Perth with values 3% higher over the past 12 months and settled unit cells also rising relative to a year ago.

Conditions still favored buyers however advertised stock levels are now reducing which should support some rebalancing between buyers and sellers.

Rental Yields 2

The ease in the rate of decline has been most visible in Perth, providing a signal that the Western Australian capital may be approaching the bottom of the downturn; listing numbers have been falling across Perth which is a positive sign of improving conditions, and transaction numbers have found a new floor at around 2,500 sales per month.

YOU MAY ALSO BE INTERESTED IN READING:

National Housing Market Update [Video] – August 2017

Metropole Property Home Buyers Enquiry


icon-podcast-large

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.

icon-email-large

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.


Avatar for Property Update

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


'Perth Housing Market Update [Video] – August 2017' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!