Only a flood stopped Perth from being Worst real estate market

Perth median house prices has dropped another 1.9% over the last three months. If 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%.