Perth Housing Values are on a Renewed Downswing

Earlier this week I was in Perth speaking with a variety of industry participants about housing market conditions. Through late 2017 and early 2018 there was firm evidence that housing market conditions were improving. The rate of decline has been easing over the second half of 2017 and values even edged higher over the first quarter of 2018. But since that time the Perth market has lost momentum and the downwards trend in values has gathered some pace. For Perth property owners, as well as…