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.
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.