Values across Perth took another step backward, declining half a percent over the month, taking the cumulative decline to a little over 20% since the market peaked in mid-2014.
CoreLogic has released their newest housing market update for August 2019.
Perth house values are the lowest of any capital city with a median of $459,000, highlighting one of the few positives of such as sustained housing market downturn, which is a significant improvement in housing affordability.
It’s hard to know when this market will turn around, however, there are some positive signs from improved migration rates, a pickup in jobs growth and unemployment which is trending lower.
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