Perth joins the house price correction

The brief

Perth's housing market has joined the national price correction, following Sydney and Melbourne. The correction, which began in those cities, has now spread to other major markets. According to Cotality's daily dwelling values index, Perth's 28-day change shows a moderate gain of 0.3%. This development marks Perth as the last of the major capital cities to experience a decline in housing prices. The correction is a significant trend in the Australian real estate market, with implications for property owners and buyers.

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