The once booming Perth property market has recorded its third consecutive quarterly fall in the median house price - a phenomenon not seen in 25 years - as talk of a recession eats into consumer confidence.
Real Estate Institute of Western Australia president Rob Druitt said the Perth market was moving into uncharted territory with a combination of falling house prices and dwindling sales.
He predicted that a fourth consecutive fall was likely before the market began to recover.
The Australian
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