RP Data-Rismark has not helped the optimists' cause by releasing their last quarter's figures for Perth which shows us dropping 1.6% in December and 2.1% in the last three months. The median price for a dwelling in Perth now hovers around $450,000.
The year on year percentage change to December 2011 for Perth was a drop of -4.3% which is better than Melbourne (-6.1%), Brisbane (-6.8%) and Hobart (-5.9%) and slightly better than Adelaide (-4.4%). Sydney only fell -0.3% in the same period.
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