Perth dwelling values fell by -2.1% over the financial year which is an improvement on the rate of decline from the previous financial year when values were down 2.6%.
Core Logic has released their newest housing market update for July 2018.
Although values have now fallen for four consucutive financial years, declines over the most recent year were the most moderate of those four years.
The first half of 2018 has seen Perth house values hold reasonably firm slipping by just 0.1%, however unit values haven`t been quite as resilient, down 4.4% over the first half of the year.
With dwelling values remaining 10.9% below their June 2014 peak the recovery phase is likely to take some time across the Perth housing market.
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