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From AFP:
The median house price in the West Australian capital fell 4.2 per cent to $522,133 in the September quarter, down on the revised June quarter median of $545,000, preliminary figures released by the Real Estate Institute of Western Australia show.
Unit prices slid 2.3 per cent to $420,125 during the same period.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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