House prices drop 1.5%

Perth housing prices have continued to decline, with new indicative data showing prices have dropped 1.5 per cent for the month of April.


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Mount Lawley - professionals realestate
Once again Perth prices have not declined accross every suburb...You have to pick the ones that have and have not. Without doubt it makes it a great buying opportunity for investors with properties in many areas providing a profit for you at the time of purchase. Another factor for home sellers to think about is if they are selling and buying in the same market then what they perceive as a loss when selling their property not to worry because they will make up for (in many areas) by buying a bargain.

Analysis of actual sales evidence of comparative 4 x 2 homes in a northern corridor suburb reveals homes which were walking out the door for $650,000 a year ago, are now lucky to achieve $590,000. Work it out. Steve Blizard, Roxburgh Securities

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