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Perth price growth has accelerated over the last year, with CoreLogic data confirming the Perth home value index has increased 18.1 per cent in the last 12 months. This comes after CoreLogic revealed a divergence in its hedonic index* which
had undervalued the Perth home value index by 8.4 per cent. This correction has pushed Perth’s annual price growth from 10.8 per cent as originally reported in July to 18.1 per cent in September. REIWA President Damian Collins said the
revised CoreLogic figures revealed the Perth price growth trajectory had performed even better than anticipated, which was welcome news for home owners and sellers. “The turnaround of the WA market has been remarkably fast considering the
downturn only hit rock bottom last year. We expect this recovery to continue throughout the remainder of 2021 and into 2022,” Mr Collins said.
Prices have grown 18 per cent in Perth in the last year.
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Sales activity remained stable in Perth last week, with REIWA members
reporting 1,010 transactions....
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