Friday, July 22, 2011

June Shows Another 2% Drop for WA

WA has experienced the longest stretch of monthly house price falls since the global financial crisis, with the month of June recording a 2% fall in the median house price. There have been 15 months of price drops but the total % drop has not been as much as in 2008, just for a longer period of time according to Alan Bourke from REIWA.

$350,000 to $500,000
For houses between $350k and $500k, there has not been much change in house prices as there is a consistent demand for cheaper housing in Perth. However, in other price ranges, there have been falls. There are around 17,000 houses on the marked in June which was a drop from 18,200 in April.

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