Perth’s housing value slipped lower last month breaking a four-month line of positive movements.
The 2.4% fall over the month takes the cue to the decline and post-dwelling values to 10% since dwelling values peeked at the end of 2014.
Apart from the recent short-lived run a positive index movement, a few other factors were pointing towards a flattening of Perth’s downwards trend.
Perth transaction numbers have leveled after a long trend towards reducing sales numbers and the average selling time was trending lower the second half of 2016.
However, with listing numbers remaining close to record highs the buying conditions across Perth are still very much in favour of buyers over sellers and vendors should have realistic pricing expectations if they expect to sell their property in this market.