Perth Housing Market Update [video] | May 2019

Perth values continued to trend lower across Perth, slipping 0.4% in April, which was the smallest monthly decline in 12 months.

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

Since peaking in 2014, Perth dwelling values are down 18.4%.

The cumulative decline in dwelling values has been much more substantial across the most affordable quarter of Perth’s housing market, where values have dropped 24.8%, compared with a 13.6% decline across the most expensive quarter of the market.

With values recording such a substantial and prolonged downturn, the median house value across Perth is now the lowest of any capital city at just $463,000.

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NATIONAL HOUSING MARKET UPDATE [VIDEO] | MAY 2019

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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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