House prices fall in WA's Port Hedland, Derby and Karratha: JLL
Property ObserverDecember 7, 2020
House prices have fallen considerably in Port Hedland, Derby and Karratha over the past year, according to JLL's Residential Market Review for February.
The report said Port Hedland, once a rival to Sydney for prices; has seen the median house price fall by -29.0% over the past year to $576,000 and is expected to fall further.
"Prices in Derby have fallen -29.3% to $290,000. Prices in Karratha have fallen -21.7% to $428,000," it said.
"Broome, not affected by mining, has nevertheless seen house prices fall -10.6% to $539,000."
