Perth housing values continued to rise in April, but the pace of gains slowed relative to earlier months.
House values were up 0.9% in April taking the annual growth rate to 6.9% while unit values rose by 0.6% over the month to be 4.8% higher over the year.
Selling conditions are extreme, with homes averaging just 17 days to sell; that’s the fastest rate of sale across the capital cities and an equal record low with 2006 when selling conditions were just as tight as they are now.
More homeowners are taking advantage of the strong selling conditions, with new listings added to the market in April tracking almost 25% higher than the five-year average.
Across the sub-regions of Perth, Mandurah is leading the pack, with values up 11.0% over the past twelve months.
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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