PHOTO: More than three in ten homes are being sold with losses of up to $115,000 compared to the original purchase prices

Confidence in WA’s property market is now the second highest of any state or territory in Australia, a new survey has found, despite Perth’s falling house prices.

Fresh data gathered for the ANZ/Property Council Survey – which measures industry sentiment – found WA’s property market had jumped nine index points since May, bringing to an end a year-long decline.

Only South Australia trumped WA’s 134 index points for the September quarter, which was six more than the national average of 128.

Property Council WA executive director Sandra Brewer said the results were encouraging for WA.

“Our run of four quarters of declining confidence has come to an end, and all the key indicators are now pointing back in the right direction,” she said.

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