Perth's housing market continues to decline: CoreLogic

Perth's housing market continues to decline: CoreLogic
Perth's housing market continues to decline: CoreLogic

Dwelling values across Perth have seen further decline by 3.2%, according to CoreLogic's latest monthly report.

The housing market has been in a downturn since December 2014 and the latest data reveals that dwelling values have fallen by 7.0% year on year.

Click to enlarge

Perth's housing market continues to decline: CoreLogic

Buyer demand also seems to have been reduced with transaction numbers falling over the last 12 months along with the average selling time extended out to 75 days, as opposed to 66 days this time last year.

This is despite Perth having a very high number of listings allowing buyers a lot of options to choose from.

Tags: 
Perth Corelogic

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?