Perth housing values continued to rise in April, but the pace of gains slowed relative to earlier months.
Activity across the Perth housing market has rebounded back to levels last seen during the boom times of 2013.
In May, CoreLogic estimates sales activity was tracking about 58% above the five-year average as demand for housing surges.
Such strong demand has seen the average selling time of a Perth home fall to just 17 days.
Vendor discounting rates are averaging 2.6%, which is close to record lows.
Housing values are responding to the strong selling conditions, rising 1.1% in May to be 8.5% higher over the past year.
The unit sector is showing a slightly milder growth rate than houses, with values up 6.0% over the past year compared with an 8.8% lift in house values.
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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