Perth property prices of June 2011 is $33,000 less than June 2010 in terms of median house price.
Perth property prices have experienced the biggest drop in value over the period from July 2010 to June 2011, with $33,000 shaved from the median house price, according to the House Price Report by Australian Property Monitors.
The report revealed that Perth median house price dropped 1.5 per cent during the June 2011 quarter, bringing the annual decline in prices to 5.8 per cent. That figure is more than double the nationwide decline of 2.4 per cent over the past year.
The latest Perth’s median house price in June 2011 dropped to $535,617 and the median unit prices dropped to $351,887.