Perth Housing Market Update [video] | July 2019

Housing values across Perth tracked 0.7% lower in June to be down 2.1% over the June quarter and 4.9% lower over the year.

CoreLogic has released their newest housing market update for July 2019.

With values tracking almost 20% lower since peaking in mid-2014, Perth is now showing the lowest median house value amongst the capital cities and the third lowest median unit value after Darwin and Adelaide.

Despite such affordable housing, the missing ingredient in a housing recovery remains the weak economic conditions across WA.

Despite ongoing weakness in housing values, rents are up 2.5% over the past twelve months, which is supporting a consistent rise in rental yields which are tracking at the highest level in four years.

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Tim Lawless

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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