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.
YOU MAY ALSO BE INTERESTED IN WATCHING:
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.
Need help listening to michael yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
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.