The Perth housing market is at its most affordable in 13 years, giving prospective buyers a chance to grab their own part of the city.
Figures from the Housing Industry Association show the sharp fall in prices has given people previously priced out of the WA capital a chance to buy into the market.
In raw dollars, servicing a mortgage on a median-priced house in Perth has fallen by $200 a month over the past year alone.
Author: Shane Wright, Economics Editor - The West Australian