CoreLogic has released its revised Perth home value indexwhich shows that in the 12 months to September 2021 Perth house prices grew 18.1per cent.
The revised figure follows the recent CoreLogicannouncement that there had been a divergence in the reporting of its hedonicindex, which caused the Perth home value index (which looks at the movement invalue of all Perth residential properties, including those not for sale) to be undervalued by 8.4per cent.
This correction meant Perths annual price growth waspushed from 10.8 per cent as originally reported in July to 18.1 per cent inSeptember. This is welcome news for Perth owners and sellers who are eager tosee property values recover from the recent market downturn.
Recovery is widespread
The CoreLogic findings are supported by the reiwa.comsuburb-level data, which shows the market recovery is widespread and occurringacross all price points.
