Australia's overall housing downturn is now deeper than at the same stage of the 2022-23 decline, putting it on track for one of the biggest falls on record.
The latest data from real estate data analysis agency Cotality shows that in the three months up to the end of August, the price of housing (including detached houses and apartments) in Perth fell by 3.2%, about $31,000, reducing the overall median price to 99,987 Australian dollars.