The Perth housing market is showing plenty of signs that it could be moving through the bottom of its downturn.
Perth dwelling values look to be moving through the bottom of the cycle, with values edging 0.1% higher over the month, however values remain down over the quarter and year.
Since 2014 dwelling values across Perth have fallen by almost 11% but last month values edged slightly higher.
Additionally advertised stock levels of 13% lower than a year ago when properties are selling faster and vendors aren’t offering as much discount from their asking prices.
Additionally, year-on-year settled sales are up by 1.4% as buyer demand starts to lift from a low base.
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