A summary of Property Data Performance’s latest in-depth research report demonstrates that housing affordability and investment value are making positive steps forward. The Perth house market is currently in a buy value stage and could best be described as medium-risk and best suited to a medium-term hold strategy.
The current median house price is $515,000, which has improved since the last quarter, with houses staying on the market for an average of 84 days. While the current median unit price is $375,000 which is also a slight improvement from last quarter.
Encouragingly, confidence is slightly positive with employment and underemployments rates improving slightly since last quarter and both housing affordability and investment confidence showing signs of improvements.