"Perth's residential property sector was one of three capital city markets to report a fall in value in February, industry analyst RP Data says. RP Data-Rismark's monthly home value index put the Perth median dwelling price at $465,000, down 0.8 per cent on January's figure. "
^ From WA Business News.
Why do they bother discussing and reporting it? Surely month-on-month changes are meaningless in a market the size of Perth? Or are they legit, and did the median home owner see their capital decrease by about $1000/week in January?
perth down nearly 1% in just a month!
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