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Perth house prices fall 2.7% in August

Perth was the worst performing capital city in the latest RP Data-Riskmark Capital City Home Value Index with the value of homes falling 2.7 per cent in August.

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Albany WA
At last we have some sensible statistics on the base price of real eastate. The media has contiued to write articles that differ from one week to the next either that prices are rising or falling depending on which side of the bed they got out of. In actual fact prices have been stable and running flat since 2008 and it is only listing prices that have been decreasing. The volume of sales in a given time in a given area have little or no bearing on the actual true value of property.

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