Adjusted for CPI (8.3% inflation 2008-2011) house prices in the western suburbs in Perth have gone down by about 20%.
Mt Claremont 17%
Swanbourne 14%
Mosman Park 24%
Claremont 20%
Cottesloe 19%
The trend for 2012 is down in absolute terms (not to mention real terms). By the look of it Mosman Park will have lost about 1/3 in real terms by the end of the year.
...and now the mining boom is coming to an end...
