Perth house prices fall
01 May 2015 by News Desk
House prices in Perth continue to fall and have recorded their biggest drop in four years.
The average cost of a house in Perth fell by 2.1 per cent to $599,574 in the first three months of 2015. Prices have fallen by a total of 2.8 per cent in the past 12 months.
Darrell Todd, CEO of thinkingaustralia, says: “The fall in house prices can only be good news for potential migrants that seek to love and work in Perth and surrounding area. Compared to prices in other key cities, Perth is a very attractive proposition”.
While most districts have seen falling prices, other areas including Canning, Fremantle and Rockingham have seen prices rise by 16 per cent in the past three months, with most popular suburbs being Butler, Ellenbrook, Morley, Baldivis and Canning Vale.
Comparing house prices around the country Sydney is the most expensive for housing with the top average price of $914,056. Darwin is second on $645,970, just ahead of Melbourne at $638,445. Perth is fourth, ahead of Canberra at $598,970. Hobart is last at $325,920.
