Perth's housing market continues to decline: CoreLogic

Perth's housing market continues to decline: CoreLogic
Staff reporterOctober 17, 2016

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.

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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.

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