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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