Perth's property prices fall

Property prices in most capital cities including Perth have plummeted in the September quarter, with house and unit prices flattened or posting negative rates of return in the past 12 months.


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Ok so prices are still facing south, but put this into context with the huge growth that Perth has seen in the preceeding 4 years. Whilst it's interesting to hear of these facts what happened to a more balanced view of reporting? Property is supposed to be a long term investment, so where are the stats that show the relative average values over the last 5-10 years? Have we become so hooked on instant gratification we have lost sight of the bigger picture... maybe we have, and thats why the market lacks on critical ingredient....sentiment

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