Perth house prices continue to fall
Sep 1st 2010, 1:36 pm
#1
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Thread Starter
Joined: Feb 2008
Location: Perth, NOR
Posts: 188
Perth house prices continue to fall
Every day another story, but if this continues, it might be true that the bubble is about to burst, or not 
http://www.news.com.au/perth-house-p...rom=public_rss
http://www.news.com.au/perth-house-p...rom=public_rss
Sep 1st 2010, 11:15 pm
#2
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Location: newbury
Posts: 943
Re: Perth house prices continue to fall
Every day another story, but if this continues, it might be true that the bubble is about to burst, or not http://www.news.com.au/perth-house-p...rom=public_rss
http://www.news.com.au/perth-house-p...rom=public_rss
Sep 1st 2010, 11:27 pm
#3
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Perth house prices continue to fall
It's like my Ipod stuck on replay.
Sep 2nd 2010, 7:14 am
#4
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Re: Perth house prices continue to fall
Every day another story, but if this continues, it might be true that the bubble is about to burst, or not http://www.news.com.au/perth-house-p...rom=public_rss
http://www.news.com.au/perth-house-p...rom=public_rss
HOUSE prices in Perth have continued their fall as the city emerges as one of the nation's worst property performer.
In Perth, the median price of a house dipped 0.8 per cent in July to $485,000 ($488,911 less 0.8% = $485,000) while the median price of a unit fell 1.8 per cent to $415,000.
Despite the falls, the median price of a dwelling Perth is 5.7 per cent higher than it was a year ago.
In Perth, the median price of a house dipped 0.8 per cent in July to $485,000 ($488,911 less 0.8% = $485,000) while the median price of a unit fell 1.8 per cent to $415,000.
Despite the falls, the median price of a dwelling Perth is 5.7 per cent higher than it was a year ago.
However, what does it really mean ?
If a smaller number of the expensive houses are selling, but a larger number of the lower priced houses are selling, that would bring down the medium price even without actual price drops.
Sep 2nd 2010, 7:20 am
#5
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: Perth house prices continue to fall
Exactly and at this time of year less houses are on the market than in warmer months.
Sep 2nd 2010, 7:33 am
#6
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Perth house prices continue to fall
I want them to TUMBLE!
I'd like, no, I DESERVE a holiday home down south.
I'd like, no, I DESERVE a holiday home down south.
Sep 2nd 2010, 7:49 am
#7
Banned
Joined: Jan 2009
Posts: 1,157
Re: Perth house prices continue to fall
dropped just over 2%. may drop another 10% then a year or two later boom another 50%. I'm hardly concerned.
Karratha today was also named as 3 times more expensive than New York City.
Karratha today was also named as 3 times more expensive than New York City.
Sep 2nd 2010, 11:34 am
#8
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Re: Perth house prices continue to fall
Noticed a few price reductions in and around Perth. Some properties in our suburb of Lesmurdie have been on the market for over 6 months with hardly any interest. In fact since we moved here the whole suburb has gone downhill
Sep 2nd 2010, 2:05 pm
#9
Just Joined
Joined: Oct 2005
Posts: 6
Re: Perth house prices continue to fall
Dont even talk to me about the increase in crime rate I have seen in 4 years...
Sep 2nd 2010, 11:27 pm
#10
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Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Perth house prices continue to fall
I'm giving up on the Australian housing market and moving back to London.
Sep 3rd 2010, 12:59 am
#11
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Thread Starter
Joined: Feb 2008
Location: Perth, NOR
Posts: 188
Re: Perth house prices continue to fall
I have just found out that no matter what you do to try and make a better life, even in expensive suburbs, it can all crash about your ears here if a State housing development suddenly appears. Houses now worth 200K less than rebuild price IF you can sell it, now thats a price fall Dont even talk to me about the increase in crime rate I have seen in 4 years...
Dont even talk to me about the increase in crime rate I have seen in 4 years...
