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Perth home values increased seven per cent in the first half of 2021, according to the latest CoreLogic figures. REIWA President Damian Collins said while the Perth home value index for June had only increased by 0.2 per cent, the cumulative
growth over the first six months of the year had been substantial. “Although the June price growth rate is the smallest we have experienced this year, it has still been a positive year and brings the year-to-date total growth tally to seven
per cent. Furthermore, in the
last financial year, home values have increased 9.8 per cent in Perth. “The smaller growth rate recorded in June is also not surprising given we have entered the traditional winter slowdown. In fact, it’s
encouraging that even as the colder weather has descended upon us and activity has eased slightly, we are still seeing price growth. This will hold Perth in good stead as we transition out of winter and into the spring selling season in the coming months,”
Mr Collins said.
“The latest COVID-19 outbreak and subsequent lockdown are concerning, but as was the case in February and April, there should be minimal short-term impact on the real estate market provided Perth can get on top of this outbreak quickly,” Mr Collins said
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