Tim Lawless

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.

Home values in the West Australian capital increased at almost twice the national rate in April.

Perth house prices have increased last month despite CoreLogic data recording the first national decline in 20 months.

Perth’s median home values defied the national trend to increase by 0.4 per cent to $558,000 in June.

Rental demand in Perth continue to rise but with vacancy rates plummeting, experts say more investors are needed to increase supply.

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.

Perth’s median house price has dropped for the first time in at least a year, CoreLogic data shows.

The city’s median home value dipped the least of all the states in October, at 1 per cent less than the national drop.

CoreLogic’s latest home value index shows a 0 per cent change for Perth, with a slight increase to its median dwelling price.

Perth was the only Australian capital to show a lift in its home value index in December, with a $902 uptick in its median dwelling value.

The median dwelling value of every capital city in Australia fell during the first month of 2023, however Perth held its own with one of the smallest declines.

The city’s home values tracked in line with the national average in February, with a modest drop of 0.1 per cent.

Perth home values have risen in the past month, although property groups CoreLogic and PropTrack have released different findings in their March reports.

Perth home values continue to rise in the past month with the median house price recorded as more than $570,000, according to recent reports by property groups.

WA’s residential housing market has responded to demographic shifts over the decades.

Perth was the only Australian city to show positive annual growth, with a 2 per cent increase in the last 12 months to a record $580,023.

Perth’s home value index has risen for the fourth consecutive month driven by an undersupply of new listings and record fast sales.

The Reserve Bank of Australia has offered mortgage holders some relief after it held the nation’s cash rate target at 4.1 per cent following its July meeting today.

The Reserve Bank of Australia has held the nation’s cash rate steady for the month of August, its first consecutive pause since April last year, citing economic uncertainty.

The capital city outpaced national home price growth to hit a new high in median value.

The city’s home value index has grown by 0.9 per cent, exceeding national growth of 0.8 per cent in August.

The city’s home values rose by 1.6 per cent in October, the largest increase nationally and Perth’s largest monthly increase in more than two years.

The Reserve Bank of Australia has delivered a Melbourne Cup Day blow to mortgage holders, increasing the nation’s cash rate by 25-basis points to 4.35 per cent.

The Western Australian capital recorded the strongest house price growth in the nation in November, with its largest increase in two and a half years

Home values in the capital rose by 15.2 per cent in 2023, outpacing the national growth of 8.1 per cent.

CoreLogic has singled out Perth as a strong performer in the housing market, as it clocks up another rise in its home values.

The capital continues to outpace the rest of Australia, posting a 1.8 per cent increase in home values in February and an 18 per cent rise in the past 12 months.

The city has again outpaced other capital cities to reach a new peak house price.

The city’s median house price has reached another record high, with 2 per cent growth in April to $721,278.

The state’s house prices continue to grow at a faster rate than other jurisdictions, with another 2 per cent jump last month and 22 per cent rise in the 12 months to May 31.

The Reserve Bank of Australia has again held the country’s cash rate steady at 4.35 per cent, meeting economists’ expectations.

The capital’s house prices continue to grow at the fastest rate nationally, with a 2pc increase in June and 23.6pc rise over the year.

The city has continued to rise at a faster rate than any other capital, with a 2 per cent increase in CoreLogic’s index to a $773,335 median.

The Reserve Bank’s decision to keep rates steady will not have a material impact on the housing market, according to CoreLogic.

House prices in the capital continue to outpace other states, after overtaking Melbourne last month.

The capital has lost its status as the nation’s fastest growing city for house prices, pipped by Adelaide and Darwin in January.

Leading economist Tim Lawless says conditions are improving for growth in medium and high-density housing in Perth, but more could be done to incentivise supply.

Perth's median house price has seen a modest increase in February, losing its mantle as one of the fastest-growing markets.

ANALYSIS: The tier one builder’s Victorian arm went into administration on Friday, leading to questions over the company’s ability to take on projects in Perth.

The latest data from CoreLogic shows that Perth’s growth has been the fastest nationally in the past five years, but has slowed more recently.