Pace of decline in Perth property prices steadied in June quarter
Though 54% of sellers had to lower their asking price in the three months to June, the size of the discount has levelled out at 6.5%, preventing the median price from falling futher.
Yet the market is still seeing strong results. A four-bedroom Melbourne home with a pool and tennis court sold for $7,650,00 last week through Abercromby's Real Estate Armadale.