And Perth's housing market fell 0.6 per cent, according to CoreLogic, which put the median price of a home in the metropolitan area below that of one in Adelaide.CoreLogic on Monday reported only Canberra (0.6 per cent) and Adelaide (0.1 per cent) posted a rise in dwelling values over the month, while Melbourne (-1.2 per cent) and Sydney (-0.9 per cent) led the decline. "Urgent sales are likely to become more common as we approach these milestones, which will test the market's resilience," he said.Mr Lawless said federal and state government support programs, particularly those aimed at first time buyers, had helped the market.Helping the market has been a drop in advertised properties, which fell 4.3 per cent through July to be 15.2 per cent lower over the past year. Find your next home or property here. Looking for Commercial Properties for lease in Perth City, WA? Australia’s resources boom has seen all eyes turn to Perth in recent years – and the Western Australian capital city is known as a dynamic, metropolitan area with a population of some 1.7 million people. Domain has 935 Real Estate Properties for Sale in Perth, WA, 6000 & surrounding suburbs. 13 Sep 2020. Only homes in Darwin are cheaper (with a median price of $384,533).Perth home values dropped 0.6 per cent this month.In Sydney, the upper quartile of values have fallen by 2.5 per cent over the past four months compared to a flat result for lower-valued dwellings.Daile Cross manages the WAtoday newsroom. Join Australia’s most popular premier, Mark McGowan, and State Treasurer Ben Wyatt for breakfast.Enigma of the Dark: Exclusive extracts from new bookThis article is available to subscribers who have digital access included in their subscription.Man invokes murdered QLD family in alleged wife threatCop collapses during tense Girrawheen arrestMan charged with ‘chicken salt’ assault on mumAll subscriptions include exclusive subscriber offers, events and giveaways with West Rewards, our subscriber rewards program.Eagles refuse to accept AFL’s finals scheduleMan’s face sliced open in Northbridge glassingMissing toddler ‘wandered off with family dogs’ in SWGet unlimited access to award-winning journalism from Western Australia's biggest newsroom with your subscription.To comment on this story and join the conversation, subscribe to The West Australian’s WA’s peak real estate body has warned that Perth is facing a rental squeeze as vacancies fall to their lowest point since 2007, with six suburbs in the metropolitan area having none at all. "For our free coronavirus pandemic coverage,Nathan is WAtoday's political reporter and the winner of the 2019 Arthur Lovekin Prize for Excellence in Journalism.Regional West Australian property prices took the biggest hit of any area across the country over July, with a 3.2 per cent drop in home values this month.In Melbourne, the top quartile of values have dropped by 5.2 per cent while lower quartiles have fallen by 2.3 per cent.Mr Lawless said there were anecdotal reports that Airbnb properties had been converted into permanent rentals, temporarily adding to supply.But with much support starting to fall from October, and mortgage repayment holidays likely to expire by March, the market could force more properties to sale.According to CoreLogic, the top end of the Sydney and Melbourne property markets are currently taking the largest hits.The median price of a house in Perth was $439,092, compared to $441,826 in Adelaide and $866,110 in Sydney. "Record low interest rates, government support and loan repayment holidays for distressed borrowers have helped to insulate the housing market from a more significant downturn," he said.Head of research at the home value index, Tim Lawless, said housing markets had remained relatively resilient since the coronavirus pandemic started.Perth and Adelaide were showing the strongest rental conditions, with these markets generally seeing lower levels of investor participation, and less "investment-grade" construction over recent years, keeping rental supply reasonably tight.WA rental market tight as Perth property prices fall below Adelaide's