Perth is showing little evidence of a slowdown, recording a 2% rise in values in June and a 23.6% increase in the last financial year.

The annual gain is the equivalent of values rising by almost $145,000.

Despite persistently strong growth conditions, Perth dwelling values remain relatively low compared with the eastern capitals.

Extremely low real estate listings demonstrate the scarcity of supply with Perth inventory levels holding almost 47% below the previous five-year average.

Perth house prices graph

Homes are selling in a median of just ten days down from fourteen days a year ago.

You may also want to read: National Housing Market Update

About Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au