Thursday, March 31, 2011

Only a flood stopped Perth from being Worst real estate market

Perth median house prices has dropped another 1.9% over the last three monthsIf Brisbane had not experienced flooding in February, it probably would not have beaten Perth to worst performing city with a 3.3% drop in price. Perth houses according to RP Data now average $465,000. Only three capital cities boasted a rise in house prices with Canberra prices up 1.9%, followed by Sydney up 0.6%, and Melbourne up 0.1%.

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