Perth property prices set to recover in 2018
February 01, 2018 - Perth
The Perth property market may have bottomed after another year of falling prices, with signs the worst may be over for unit prices.
The Perth market staged the thinnest of recoveries in the December quarter, according to CoreLogic, with its index up 0.1 per cent across all dwelling types for the period.
But house values still fell an average 2.3 per cent for the year, according to the CoreLogic index, making the Perth property market the nation’s second-worst performing capital city – behind Darwin, which fell 6.5 per cent.
CoreLogic head of research Tim Lawless said the rate of decline in the Perth market “continued to improve” – the city’s annual fall was the lowest since May 2015.
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