Why Perth’s housing market is holding firm in the face of a national downturn
- realestatetrendsin
- Dec 2, 2022
- 1 min read
The Perth housing market is continuing to hold steady despite the nation recording a seventh month of decline in November, according to the latest CoreLogic’s Home Value Index.
CoreLogic Research director Tim Lawless said the Perth and Darwin property markets were yet to record any signs of a material reversal in housing prices.
“A comparatively healthy level of housing affordability, along with tight labour markets and relatively strong economic conditions, have helped to insulate these cities from the downturn so far,” he said.
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