Has the Perth property market reached its peak?
Wednesday, June 4th, 2014As the Reserve Bank of Australia (RBA) held the official cash interest rate at 2.5% at its June 2014 meeting for the 10th consecutive month, the Perth median dwelling values fell by 0.8% in May 2014 according to RP Data-Rismark. RP data’s statistics indicate Perth’s median house price has declined by 1.2% this year to date, however still remains 5.7% above the May 2013 median house price of $525,000 and is the only capital city in Australian in which home values have declined in the year to date. The Reserve Bank of Australia governor Glenn Stevens stated on 3 June 2014 ...
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