Real Estate Institute of Western Australia deputy president David Airey said sales in Perth''s affluent western suburbs fell to 85 in the quarter to December from 150 in the previous quarter and 300 in the same period a year earlier.
House prices slipped 4% in Perth in the quarter to December, while the median prices of a Perth house fell to A$418,000 from $473,000 in December 2007.
“Properties priced up to $400,000 in areas popular with first-home buyers have either been steady in price or fallen only very, very marginally,” said REIWA.
Gainers & Losers
Dexus Property led advancers in the ASX 200 index shares with a rise of 8.8% followed by increases in Australand Property of 8.2%, in Newscrest Mining of 8%, in Linc Energy of 7.7%, and Pacific Brands of 6.9%.
Commodity stocks gained after copper prices soared 5.1% and gold prices increased 4% on Friday last week. In today''s trading gold prices rallied $19 to $839 per ounce and copper prices edged up to $1.5275 per ton. Acquarius Platinum gained 6.8%, Lihir Gold jumped 6.7% and Paladin Energy climbed 6.5%.
Centro Retail Group led decliners in the ASX 200 index shares with a decline of 17.5% followed by losses in Macquarie DDR TR of 12.1%, in ING Industrial of 8.8%, in HFA Holdings of 8%, and FKP Property Group of 6.8%.
House prices slipped 4% in Perth in the quarter to December, while the median prices of a Perth house fell to A$418,000 from $473,000 in December 2007.
“Properties priced up to $400,000 in areas popular with first-home buyers have either been steady in price or fallen only very, very marginally,” said REIWA.
Gainers & Losers
Dexus Property led advancers in the ASX 200 index shares with a rise of 8.8% followed by increases in Australand Property of 8.2%, in Newscrest Mining of 8%, in Linc Energy of 7.7%, and Pacific Brands of 6.9%.
Commodity stocks gained after copper prices soared 5.1% and gold prices increased 4% on Friday last week. In today''s trading gold prices rallied $19 to $839 per ounce and copper prices edged up to $1.5275 per ton. Acquarius Platinum gained 6.8%, Lihir Gold jumped 6.7% and Paladin Energy climbed 6.5%.
Centro Retail Group led decliners in the ASX 200 index shares with a decline of 17.5% followed by losses in Macquarie DDR TR of 12.1%, in ING Industrial of 8.8%, in HFA Holdings of 8%, and FKP Property Group of 6.8%.