perth real prices

So I downloaded the ABS house price index, and adjusted it for inflation based on an assumed 2.5% rate.

Based on these real, medians, prices have been decreasing since the first peak of ~ Dec 2006.

Also, unless one bought before June 2006, or in between Dec 2008 and June 2009, then based on medians, one is down in real terms at this point.

Real values vs date below:


Date Real Price Index (ABS Data, adjusted for 2.5% CPI)
Mar-2002 76
Jun-2002 77
Sep-2002 78
Dec-2002 81
Mar-2003 84
Jun-2003 87
Sep-2003 91
Dec-2003 95
Mar-2004 97
Jun-2004 99
Sep-2004 101
Dec-2004 104
Mar-2005 108
Jun-2005 113
Sep-2005 117
Dec-2005 125
Mar-2006 134
Jun-2006 153
Sep-2006 169
Dec-2006 173
Mar-2007 173
Jun-2007 169
Sep-2007 171
Dec-2007 171
Mar-2008 168
Jun-2008 164
Sep-2008 159
Dec-2008 154
Mar-2009 153
Jun-2009 155
Sep-2009 159
Dec-2009 167
Mar-2010 171
Jun-2010 170
Sep-2010 164
Dec-2010 163
Mar-2011 162
Jun-2011 159