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Perth home prices tipped to recover

Growth in Perth’s housing market within the next six months has been foreshadowed in a report compiled by CoreLogic RP Data and ratings agency Moody’s.

There are signs of a recovery in Perth’s housing market, the combined report revealed today, with housing values forecast to grow modestly in the third quarter of 2016.

The report said reduced mining investment has weighed on house values in Western Australia, with Perth dwelling values 4 per cent lower than late 2014, while those in the rest of WA are 7.5 per cent lower.

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Comments

No way the Perth prices will grow over the next few years as all economic and demographic variables are pointing towards a slump. High job losses and negative net migration into Perth.

WA
Where are the job losses expected to be over the next few years Tiffany? The job losses have already occurred and data is pointing to a decrease in unemployment. The data also showed there was less housing supply due to increased migration.

Perth
Obviously this commentator got it terribly wrong as he tried to talk up the market the 6 months ago. It was never going to go up in this depressed market.

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