Tuesday, October 1, 2019

Perth house prices continue slide

There has been some improvement in the real estate market in the eastern states but Perth continues the downward slide. Perth prices dropped 0.8% last month, contributing to the 5.9% drop for the last 12 months and a furthering the 20.6% slide since 2014.

Across Australia, house prices on average went up 0.9% with much of that coming from both Sydney and Melbourne who both increased value by 1.7% last month as a result of the drop in interest rates. This could continue with the RBA expected to decrease interest rates again.

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