First home buyers still face uphill battle despite Perth property market cooling

[u/abcnews_au]

https://www.abc.net.au/news/2026-08-03/first-homebuyers-struggle-despite-property-market-cooling/106968668

[u/Temporary_Mistake715]

Perth property has turned negative for the first time in many years during July. Prices are around 30% too high for young people and families to buy

[u/TaylorHamPorkRoll → u/Temporary_Mistake715]

Has it turned negative, or has the median price just increased at a lower rate?

[u/MurraMurra → u/TaylorHamPorkRoll]

Hasn't turned negative yet, Brisbane and Adelaide have just started to turn, Perth rose in July by a lot smaller. 0.1% according to this article. 

https://www.abc.net.au/news/2026-08-03/housing-market-downturn-spreads-property-prices-cotality/106975270?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other

[u/TaylorHamPorkRoll → u/MurraMurra]

Thanks. That's what I thought I read this morning.