Another residential research report has predicted challenging rental market conditions in Perth with low supply and listings recorded in the recent quarter.
Interest rate rises are tipped to send property prices plunging up to 15 per cent nationally over the next 18 months, but Perth is expected to buck the trend.
Residential property values in Perth are likely to continue to fall throughout 2019 before bottoming out in 2020, according to CoreLogic analyst Cameron Kusher, continuing the longest and largest price correction in the city's history.
There was a lot of money made on residential property sales around Australia in the June quarter, but the joy wasn't spread around evenly, with more than 10 per cent of all houses and about 20 per cent of all units sold in Western Australia during the quarter selling at a loss.
The state government has been urged to consider other measures to boost revenue rather than increasing property stamp duty, which has become a significant contributing factor in the stalling residential market, according to an influential local property player.
Property owners in regional Western Australia are the most likely in the nation to record a loss when selling their homes, according to new research released today by CoreLogic RP Data.
More than 17 per cent of homes sold in regional Western Australia in the first three months of the year were sold at a loss, according to research released today.
