Thursday, September 30, 2010

Latest Perth real estate prices suffers 2.7% fall

RP Data has revealed today that Perth was the worst performing capital city with the value of homes falling 2.7 per cent in August. Nationally, house prices fell only by 0.2 per cent.

The median house price in Perth was $460,000.

The Australian Bureau of Statistics said building approvals fell by a seasonally adjusted 4.7 per cent in August to 13,049 units, after a downwardly revised 0.1 per cent rise in the previous month.

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