Perth housing has never been cheaper

Thursday, 27 February 2020

As has been well documented on this site, Perth’s housing market has experienced an epic crash with dwelling values falling by over 21% from their June 2014 peak:

Moreover, while Sydney’s and Melbourne’s housing markets have rebounded strongly, Perth’s has only managed to stabilise.

This divergence has driven Perth’s relative valuation – i.e. Perth’s median house price relative to the other capitals – to a record (47-year) low:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.