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 could best be described as medium-risk and would be best suited to a medium-hold strategy.
The current median house price is $513,800, which has dropped 2.0% since the last quarter, with houses staying on the market for an average of 46 days. While the current median unit price is $374,000, having decreased 9.0% since the last quarter, and remaining on the market for an average of 74 days.
While confidence remains neutral, money supply was slowing, and supply and demand showed slightly negative signs.