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Perth Home Values Drop
Perth Home Values Drop 1 September 2022 Matthew Hughes Article by: Claire Tyrrell Source: Business News September 1, 2022 Perth’s home values have dropped by 0.2 per cent in August, representing the first dip since October last year, CoreLogic ’s home value index shows. While Perth’s home value index has dropped by 0.2 per cent in August, median home values have increased to $561,781. CoreLogic ’s latest home value index shows nationally, its home value index has dropped by 1.6 per cent in August, with national median home values dropping to $738,321. Darwin was the only city that recorded an uplift in its home value index last month, rising by 0.9 per cent, with its median house price at $512,531. Sydney dropped by 2.3 per cent, Melbourne decreased 1.2 per cent and Brisbane declined by 1.8 per cent. Those cities showed a median house price of $1.06 million, $782,053 and $762,284 respectively. Last month, Perth’s home value index lifted by 0.2 per cent while its median house price increased to $560,020. The last time WA’s home value index dropped was in October last year, when it showed it 0.1 per cent dip. Real Estate Institute of Western Australia data showed 56 Perth suburbs rec
Article by: Claire Tyrrell Source: Business News September 1 2022. Home values in Perth have decreased for the first time in 10 months.