Perth house prices hit by record fall

Posted by Simon Dehne on November 3, 2015 in Latest News with No Comments

PerthPerth’s property market has hit a bleak milestone — its sharpest quarterly price drop on record.

But WA’s leading real estate group says discounts could be short-lived, predicting an end to falling prices within six months.

Real Estate Institute of WA figures show Perth’s median house price fell from $545,000 in June to $522,133 last month — almost $2000 a week.

The fall is the biggest quarterly drop on REIWA’s 21 years of median house price records, beating discounts after the 2006 property boom.

Read more.

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