Perth housing values unfurled to move through what has been a relatively summery downturn to date.

Dwelling values were 0.2% lower in October, which was the smallest ripen wideness the capitals, and since peaking in July, the local market is only lanugo 0.7%.

Demand seems to be holding up despite higher interest rates, with our estimate of home sales over the past three months tracking 10% higher than a year ago, while total listings are lanugo 14% on last year and trending lower.

Rental markets remain extremely tight with a vacancy rate of just 0.6% which is likely to alimony upward pressure on rents.

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