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.
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.
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.
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 recorded another increase in house prices during May, but failed to keep pace with the growth recorded in Australia's other major housing markets.
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.
CoreLogic's national home value index recorded positive growth for October, with Perth's housing values up 0.6 per cent amid a tightening rental market.
Perth's housing value remained steady through September as economic conditions in Melbourne and Sydney weighed negatively on the national market, according to new CoreLogic data.
Property market analyst CoreLogic recorded a fourth month of decline for Australia's housing values, but trends are starting to diverge across cities, with Perth's dwelling values steady.
Property market analyst CoreLogic has reported that Perth's housing values dropped again in July, with both CoreLogic and AMP Capital expecting prices to continue falling amid COVID uncertainty.
Perth is one of five capital cities to record a drop in housing values over May, with Australian data posting its first month-on-month decline since June last year.
A plunge in sales activity due to the COVID-19 crisis has not yet had a material effect on house prices, with Perth's median nudging up slightly in April, according to CoreLogic.
The value of Perth's houses increased 0.5 per cent in the month of March, strengthening the recovery underway for the past six months, but the onset of COVID-19 means the recent gains are unlikely to continue.
Perth's median house price rose slightly in February, with the latest set of data from market analysts CoreLogic indicating a gradual recovery in home values could be taking hold.
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus, with Australia's "big four" banks each announcing they would pass on the rate cut in full.
Perth housing values remained flat during January in contrast to most other capital cities, which experienced strong growth in December to finish out 2019 on a positive note, according a report from CoreLogic.
The housing recovery has finally reached Perth, with dwelling values edging 0.4 per cent higher in November to record the city's first month-on-month rise since early last year, according to the latest report from CoreLogic.
Property analyst CoreLogic has suggested the worst of the residential market downturn across Australia has passed after releasing new data showing Perth dwelling prices fell by 0.4 per cent in April, taking the total decline since the market peaked to 18.4 per cent.
Access to credit will remain the most significant barrier to house price growth in 2018, in Perth and across the nation, according to market analysts CoreLogic.
The downward trend in Perth's housing market has continued in September, with the latest CoreLogic data showing a 0.6 per cent decline in house prices for the month.
Perth house prices have fallen for a fourth straight month, after registering a 0.6 per cent decline in August, according to the latest data from CoreLogic.
