Theresa Worrell: Perth Housing Market Update [video]

The Perth housing market continued to face weak conditions through September with dwelling values falling a further 0.8% over the month.

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

Weakness in the local economy is continuing to override the stimulus of low-interest rates and improved access to credit, however, unemployment is now trending lower, jobs growth higher and migration rates are improving from a low base.

With housing prices extremely affordable, the Perth housing market is well-positioned to improve if economic and demographic conditions gather some momentum.