Key takeaways
In November: Perth dwelling values rose by 1.1%
Over the quarter: Dwelling values increased by 3.0%
Over the past year: Dwelling values increased by 21.0%
Perth dwelling values are currently at a record high
Perth is continuing to lead the capital cities for the rate of growth in housing values, with the market up another 1.1% in October, adding approximately $8,460 to the median dwelling value over the month alone.
Although the pace of growth remains strong, the quarterly trend has more than halved since the June quarter, from 6.7% to 3% over the three months ending November.
Perth house prices graph
Source: CoreLogic
Slower growth has been accompanied by a rise in listings through spring, with total advertised supply up 33% since the end of winter. The largest increase in listings across the capitals through spring, albeit from an extremely low base.
You may also want to read: National Housing Market Update
