Wednesday, September 2, 2015

RP Data Reports Perth Houses Down 4.1% this Year

August 2015 has been a bad month for Perth. The median house price has dropped 1.3% in August, down 1.8% over the last three months. The drop in unit dwellings only fell by 0.4% during August after a 2.5% increase in the last three months.

Since the beginning of the year, house prices in Perth have dropped 4.1% and unit prices have dropped 3.5%. In other parts of the country, it is a very different story. Melbourne is up 11.4% since the beginning of the year. If you really want to know, Sydney house prices have increased 14.8% since January! Their increase over the last six years has been 76%. The sad thing is, experts predict that the Perth market will continue to fall so if you are looking for a home in Perth, it's your market now.

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