Perth Housing Market Update [video] | September 2018

For a brief period earlier in the year, Perth`s housing market was showing some positive month on month improvements in housing values, however values have ticked lower over each of the past four months to be down 2.3% over the first eight months of the year.

Core Logic has released their newest housing market update for September 2018.

The local unit market has recorded weaker conditions relative to houses, with unit values down 5.5% over the year to date while house values are down a lower 1.5%.

Vendors are understandably reluctant to sell their property with conditions remaining soft; in fact new listing numbers are tracking at a six year low and we are yet to see the normal seasonal ramp up in listing numbers in line with spring.

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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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