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Perth Housing Market Update [Video] – May 2017

According to the CoreLogic results, dwelling values increased by 0.1% across the combined capital cities in April.

Perth’s housing market has defined predictions that values were starting to level out with dwelling levels down 2.2% over the first four months of 2017.

Perth city skyline at night

The market’s been working through a correction since December 2014 and since that time dwelling values are decreased by 10%.

Interestingly the number of settled sales over the year to date is tracking 4.3% higher than the same time a year ago, suggesting that the buyers may be starting to take advantage of the strong buying conditions that are evident across Perth.

While stock levels remain well above long-term average levels there has been a reduction in the number of properties being advertised for sale during 2017, which should help to restore some balance between buyers and sellers.

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Adelaide Housing Market Update [Video] – May 2017



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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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