PHOTO: Perth

Perth’s property market looks set for a year of slow improvement amid reduced access to finance, low population growth and oversupply in some suburbs, experts say.

And most key local industry players agree the worst is over for Perth’s residential market.

It comes as Perth’s median house price remained flat over the three months to December, according to the latest Domain House Price Report, but still fell 3.3 per cent over the year. The median unit price fell 2.9 per cent over the 12 months.