Perth Dwelling Values Record Annual Increase
Perth's dwelling values increased by 15.9% over the past year. This growth elevated the city's median dwelling value to $983,068, representing an approximate increase of $129,000 in the median value.
Data from property analytics firm Cotality indicates that Perth dwelling values rose by 1.9% in December. Annually, this places Perth's growth rate second among Australian capital cities, with Darwin recording a 26.3% increase. During December, dwelling values in Sydney and Melbourne experienced slight declines.