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Perth home values fell to a median of $515,000 in January, according to the latest CoreLogic RP Data.

Perth home prices slip again

Perth dwelling values fell 1 per cent in January as Australia’s combined capital cities showed a 0.9 per cent rise, with the local market expected to remain soft this year.

Perth home values fell to a median of $515,000 in January, according to the latest CoreLogic RP Data, however it’s a 1.7 per cent improvement for the three months to the end of January.

That said, Perth recorded the largest annual decline in home values, down 4.1 per cent year on year.

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Comments

Kardinya
As a small business and seeing what is happening out there I can see the house price not dropping . Wages are down by a long way ( from $150,000 down to $85,000 ) I have seen, and my own business off 50% and each time I do a job at a work place more people have been laid off tell who is going to buy . What does concern me is the business that are still living the good life ( flashy cars and so) and their turn over is down . I have been in my industry going on 25 years and know a lot of these people personly and I know they can't afford it . The only way house prices are going is down .Rob.

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316thSouth3226%0%
534thWoodside Petroleum-8%1%
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5th↑Atlas Iron$803.7m
525 listed resources companies ranked by revenue.
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