Perth home sales are down 5 per cent on the same time last year with investors and first home buyers showing weaker interest, according to new data from the Real Estate Institute of WA.
Perth home values have gone backwards over the year to date despite growth in all other capital cities, according to the latest RP Data-Rismark home value index.
Perth's residential property market has come off the boil, with the Real Estate Institute of WA reporting patchy sales in the March quarter, while property analysts RP Data-Rismark said the city's
Perth median home values remained among the fastest growing in Australia over the past 12 months, despite staying largely steady over June, analysts say.
