Perth home values were down 0.4% in October, continuing a market correction that has been running since mid-2014.
CoreLogic has released their newest housing market update for November 2019.
Although values are still falling, the trend rate of decline was the smallest in fourteen months and many of the underlying economic and demographic fundamentals are improving.
Perth house values are the lowest of any capital city with a median of $451,800, providing an affordable entry point for prospective home buyers.
Rental markets have been tightening as housing demand increases, lifting Perth rents 2.4% higher over the past year.
You may also want to read:
National Housing Market Update [Video]
from Property UpdateProperty Update https://propertyupdate.com.au/perth-housing-market-monthly-update-video/
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