"Currently Perth is $466,000 down from the June figure of $680,000. Rents are now starting to climb in Perth."
the lower end of the market has not moved really that much, the high end has dropped because not as many people are buying the 1mil+ house, so it looks like it has dropped heaps but in real terms for most it has not moved at all.
show me a low end area that has dropped 40% most are still 300k-500k depending on the area.
