Friday, December 2, 2011

Experts Tip Six More Months of Decreasing House Prices

It seems that experts are tipping that the decrease in house prices has still got a way to go in Perth with ANZ head of property research Paul Braddick saying property prices would definitely fall further in the next six month. RP Data has shown a drop in 5% in the past year while the Real Estate Institute of WA recorded a 7.6% drop.

Nigel Satterkey who is head of Satterley Property Group also predicts that house prices will continue to fall for the next six months to a median price of $420,000 which is $20,000 less than what he had predicted seven months earlier in May.

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