Perth housing market replace [video]

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Perth housing values continued to maneuver by what has been a comparatively gentle downturn up to now.

Dwelling values had been 0.2% decrease in October, which was the smallest decline throughout the capitals, and since peaking in July, the native market is simply down 0.7%.

Demand appears to be holding up regardless of larger rates of interest, with our estimate of dwelling gross sales over the previous three months monitoring 10% larger than a 12 months in the past, whereas complete listings are down 14% on final 12 months and trending decrease.

Rental markets stay extraordinarily tight with a emptiness price of simply 0.6% which is more likely to preserve upward stress on rents.

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