Let’s take a quick look at what’s happening across the market, starting with Perth.
As we move through July and begin a new financial year, it’s the perfect time to set fresh goals, refocus your priorities, and build momentum for the months ahead.
Australia’s housing market continued to soften in June, with CoreLogic’s Home Value Index falling 0.4% for the month. Capital city values declined 1.3% over the June quarter, led by Sydney (-3.2%) and Melbourne (-2.6%).
Key highlights
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Adelaide remained flat over the quarter.
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Brisbane rose 0.3% in June.
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Perth rose 0.7% in June, although future reports are expected to show further softening.
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Regional values increased 0.3% in June and 1.1% over the quarter.
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Capital city home sales were estimated to be 16.2% lower than a year ago.
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Housing supply across capital cities was almost 11% higher than this time last year.
Perth market snapshot
Perth recorded 6,184 properties for sale, up 68.3% from a year ago and around 50% higher than three months ago. This rise in stock levels is creating more choice for buyers and may contribute to longer selling timeframes.
The Perth rental market remains tight, with 2,315 properties available for rent, highlighting ongoing rental supply constraints.
Outlook
The market is being influenced by higher interest rates, affordability pressures, increased cost of living, and reduced immigration targets. While conditions have softened, opportunities remain for buyers, sellers, and investors who stay informed and adapt to changing market dynamics.
Stay focused, stay disciplined, and continue delivering value.
Cheers
Ryan
