News Articles for CoreLogic

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Perth's median house price has dropped for the first time in at least a year, CoreLogic data shows.

Western Australia was the only state to record house price growth expectations in a recent Property Council report.

A mystery proposal has emerged to demolish the 123-year-old houses in West Perth, which the Heritage Council claims does not warrant protection.

Home values in Perth have decreased for the first time in 10 months, as CoreLogic's home index dips by 0.2 per cent.

Investment in residential property as a rental asset has fallen away in recent years, with concerns that trend will continue.

The state continues to defy national trends and set new house price records, with median home values lifting 0.2 per cent as national prices track south.

Recent data shows a surge in Perth's house values over the past three months, following the reopening of the state's border in March.

Rental demand in Perth continue to rise but with vacancy rates plummeting, experts say more investors are needed to increase supply.

Perth's median home values defied the national trend to increase by 0.4 per cent to $558,000 in June.

Perth house prices have increased last month despite CoreLogic data recording the first national decline in 20 months.

Perth's median house price in April was a 24.5 per cent increase on June 2020.

Home values in the West Australian capital increased at almost twice the national rate in April.

House prices in Perth have risen by one per cent in March, above the national increase of 0.7 per cent, as home values in Melbourne and Sydney dropped.

Growth in Perth's home values have slowed in February, tracking national trends.

Perth home values lifted 0.6 per cent in the first month of 2022, marking the highest monthly increase since May last year to take the average median house price to $531,243.

REIWA data shows home sale values in 10 Perth suburbs grew by more than 28 per cent in 2021.

Investor lending in WA has risen 95 per cent in the 12 months to November 2021.

Perth's home values increased 0.4 per cent in December, less than half the national growth rate of 1 per cent and slowing from its August peak.

WA's strong residential property market is expected to continue, with house prices predicted to increase a further 10 per cent into 2022, Real Estate of Institute Western Australia predicts.

Perth's residential property prices grew by 0.2 per cent in November and performed the worst out of the state capitals, CoreLogic has revealed.

Western Australia has recorded the second largest spike in construction costs nationally amid a surge in new builds and material supply shortages, according to CoreLogic.

Perth's residential property market is continuing to lose steam, with housing values dropping for the first time in almost 18 months.

The latest housing data has demonstrated the impact the resurgence in mining activity has had on home values across Western Australia's resource-rich regional centres.

Perth's residential property values have soared by 18 per cent in the past year, in a major revision of CoreLogic's data analysis for WA.

More than two-thirds of suburbs in the Perth metropolitan area experienced house sale price growth over the past quarter, according to the latest data from the state's peak real estate body.

Australia's house prices have continued to grow this month, but the market appears to be losing steam, according to the latest data from CoreLogic.

National Australia Bank has revised its forecast for house price growth in 2021, elevating its predictions for every capital city other than Perth.

Australia has recorded its highest annual rate of house price growth since 2004, however Perth has continued to underperform, according to the latest data from CoreLogic.

ANALYSIS: The WA economy is the envy of the nation yet the residential property market in Perth is the weakest in the country. There appear to be two key reasons.

Perth recorded another increase in house prices during May, but failed to keep pace with the growth recorded in Australia's other major housing markets.

The value of Australian homes has topped $8 trillion; more than the gross domestic product of almost every country on Earth.

While Western Australia has recorded solid growth in residential property values in recent months, it's still yet to catch up to its east coast counterparts.

The Real Estate Institute of Western Australia has revised its predictions for house price growth in 2021, forecasting a 15 per cent increase by the end of this year.

Perth house prices rose 1.8 per cent in March, lower than almost all capitals, while selling times are the fastest since 2006, according to recent property data.

Perth property prices increased in February, while the number of listings of houses for sale dropped to a 10-year low.

The local property sector could be the beneficiary of financial stimulus measures in China and the US.

Perth's housing values increased in January, cementing the city's position as one of the country's fastest growing property markets.

Industry forecasts expect Perth's housing market to continue to perform in 2021, anticipating price gains of close to 10 per cent.

Perth house prices jumped 1.1 per cent last month and are selling at the fastest rate since 2006, new data released today shows.