Perth Housing Market Update [video] | August 2021

The Perth housing market continues to record a rise in values although the pace of growth has slowed.

In line with rising home values, the annual number of dwelling sales across the Perth market has reached the highest level since 2006, with approximately 49,500 houses and units sold over the year.

At the same time, the number of listings across the Perth region has trended lower, tracking roughly 26% below the five-year average at the end of July.

Rental markets are amongst the tightest of any capital with house rents up 16.6% over the year and unit rents up 14.6%.

With housing values rising, strong rental conditions, and high rental yields along with improving demographic and economic conditions, it’s likely the Perth housing market will become increasingly more attractive to investors.

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National Housing Market Update [Video]

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