January Market Summary

Despite eight consecutive months of interest rate increases, Perth’s property market held steady in 2022.

Corelogic’s Perth home value index decreased marginally in January, down 0.3 per cent from December and down just 0.1 per cent since October 2022.  Perth’s median house price sits at $540,000.  All capital cities recorded declines during January 2023.

According to reiwa.com data, Fremantle was the best performing suburb for price growth, up 2.1 per cent to $1,062,000.  Perth and indeed Western Australia, are still in an excellent position to weather future rate rises, with our strong economy, growing population, limited stock levels and affordable housing.

To stay up to date with the Perth property market, feel free to drop us a line or register for C&CO Real Estate’s property alerts… Whatever your real estate needs – we would love to help!