WA Second Most Expensive, Slowing House Prices

Over the last three months, Perth has gone slightly backwards in the price of homes with a -0.1% growth. This has contributed to a year on year price increase of 3.7%. The national average increase in the last year was 9.1% with Sydney steaming ahead in the last quarter with 2.7% growth and a whopping 14.7% over the last year.

Perth's average house price still sits at second in the nation with an average house price of $588,700, second only to Sydney's $681,900.

Region	Quarterly	Year-on-year	Avg. price $ (whole of state)
Sydney	2.7%	14.8%	$              $681,900
Melbourne	1.0%	6.9%	$              $564,800
Brisbane	1.0%	6.7%	$              $457,600
Adelaide	1.0%	5.6%	$              $404,600
Perth	-0.1%	3.7%	$              $588,700
Hobart	1.0%	4.3%	$              $312,000
Darwin	0.3%	3.4%	$              $521,700
Canberra	0.3%	2.4%	$              $571,000
National avg.	1.5%	9.1%	$              $563,100