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Perth Housing Market Update [Video] – July 2017

The Perth housing market recorded steady performance over the June quarter with house values unchanged while unit values edged 0.6% higher.

The positive movements in dwelling values over the June quarter come as transaction numbers also trend higher the first half of 2017 recorded a 2.3% rise in sales compared with the first half of 2016.  Perth city skyline at night

That indicates an improvement in bio demand albeit from a low base.

Despite the subtle rise in Perth dwelling values rental markets remain subdued with house went down 1.2% over the June quarter and unit rents falling by 1.8%.

Capital city rents pushed 2% higher over the past twelve months, a stark turnaround from the end of 2016 when rental growth was flat.

Rental yields capital

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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


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