September 5, 2008
The tide has finally turned on the holiday home market in south west WA.
Perth’s millionaires are finding it hard to move their second (or third or fourth) homes. Dunsborough, the premier town of the region and conveniently close to the Margaret River wineries, has seen the median house price fall 11.4% to $655,000 in the year to June. It might be worth remembering that as recently as 2003 the median house price in Dunsborough was $252,000.
