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Perth’s residence worth index was revised increased in September, with the refreshed sequence reporting an 18.1% annual achieve in housing values.
The robust annual capital achieve comes because the month-to-month charge of progress constantly eases from a excessive in February of2.7% to 0.3% in September.
The slowing of the expansion charge in housing values has occurred alongside a ten% discount within the worth of residence lending since February this 12 months, led by a 39% discount in first residence purchaser lending.
Stock ranges stay low, monitoring virtually -27% under the five-year common, however new listings added to {the marketplace} at the moment are virtually 7% above common as distributors make the most of the robust promoting situations.
Across the sub-regions of Perth, the annual charge of progress has ranged from a 13.6% rise in values at Armadale to a 21.8% raise in values throughout the Cottesloe-Claremont area.
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