CoreLogic

The city could see continued house price growth throughout 2023, a new report has found.

Perth’s home value index has risen for the fourth consecutive month driven by an undersupply of new listings and record fast sales.

The pressure on residential construction costs has subsided in Western Australia with the state recording the lowest quarterly increase across the country, according to CoreLogic.

The capital city outpaced national home price growth to hit a new high in median value.

The city’s home value index has grown by 0.9 per cent, exceeding national growth of 0.8 per cent in August.

The city’s house prices continue rise faster than other Australian jurisdictions, with an 8.8 per cent increase for the year and 1.3 per cent monthly rise.

New data from CoreLogic shows the city’s rental vacancies are the second lowest in the nation, at a record 0.5 per cent.

In this podcast, Mark Beyer and Mark Pownall discuss house prices; interest rates; Monadelphous buy; Tasmea IPO; infrastructure blowouts; Liontown; VGW; interesting property deals; labour market shortages and IR reform.

The city’s home values rose by 1.6 per cent in October, the largest increase nationally and Perth’s largest monthly increase in more than two years.

The Perth proptech is working with an online portal onthehouse.com.au to boost its web presence.

The Western Australian capital recorded the strongest house price growth in the nation in November, with its largest increase in two and a half years

Home values in the capital rose by 15.2 per cent in 2023, outpacing the national growth of 8.1 per cent.

Mark Beyer and Jack McGinn discuss BGC results; home building incentives; housing price hikes; Rio royalty payments; Harvest Road's loss; all the action in lithium; Satterley's LWP deal and Cottesloe preselection.

CoreLogic has singled out Perth as a strong performer in the housing market, as it clocks up another rise in its home values.

A leading national economist says demand for WA apartments is significantly behind the eastern states.

The capital continues to outpace the rest of Australia, posting a 1.8 per cent increase in home values in February and an 18 per cent rise in the past 12 months.

The city has again outpaced other capital cities to reach a new peak house price.

Mark Beyer and Mark Pownall discuss changes at BGC, APM and Austal ownership, Quintis in receivership, and home market data.

Construction costs in the state remained steady at a 0.7 per cent growth, while the national rate continues to stablise in the recent quarter, the latest data shows.

The city’s rental vacancy rate has hit a new record of 0.4 per cent, while rental prices are growing at the fastest rate in Australia

The city’s median house price has reached another record high, with 2 per cent growth in April to $721,278.

The city’s rental vacancy rate has risen above 1 per cent for the first time in almost three years, Proptrack says.

Perth had the highest annual growth in the median price of residential land among Australian capital cities in 2023, according to a property industry report.

The state’s house prices continue to grow at a faster rate than other jurisdictions, with another 2 per cent jump last month and 22 per cent rise in the 12 months to May 31.

Home prices in Perth, Brisbane and Adelaide are growing much faster than in cities such as Melbourne and Hobart and the latest data indicates those trends could stick around for some time yet.

The Reserve Bank of Australia has again held the country’s cash rate steady at 4.35 per cent, meeting economists’ expectations.

The capital’s house prices continue to grow at the fastest rate nationally, with a 2pc increase in June and 23.6pc rise over the year.

The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic’s index to a $773,335 median.

The Reserve Bank’s decision to keep rates steady will not have a material impact on the housing market, according to CoreLogic.

House prices in the capital continue to outpace other states, after overtaking Melbourne last month.

Recent CoreLogic data shows residential construction costs have increased in the three months to September, putting pressure on the federal government’s target of new homes.

The median house price has climbed to more than $800,000 for the first time in history, CoreLogic data shows.

The regional city has recorded the strongest annual house price increase, at 28.7 per cent.

Australian house prices have experienced their weakest growth in almost two years, as experts warn a downturn is gathering momentum in the major capital cities.

Data from CoreLogic indicates that the capital may not experience the same rapid rate of growth in 2025.

The capital has lost its status as the nation’s fastest growing city for house prices, pipped by Adelaide and Darwin in January.

Leading economist Tim Lawless says conditions are improving for growth in medium and high-density housing in Perth, but more could be done to incentivise supply.

Perth's median house price has seen a modest increase in February, losing its mantle as one of the fastest-growing markets.

ANALYSIS: The tier one builder’s Victorian arm went into administration on Friday, leading to questions over the company’s ability to take on projects in Perth.

The latest data from CoreLogic shows that Perth’s growth has been the fastest nationally in the past five years, but has slowed more recently.