First home deposit scheme backfires as house prices tumble
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Investors have left the market and buyers aren't biting, leaving house prices, particularly those on the more expensive end, tumbling in the past few weeks."We could be talking five to 10 per cent perhaps, depending suburb to suburb," auctioneer Jason Keen told 9News.The sharp downturn has hit one mortgage-heavy cohort hardest first home buyers, who are now facing negative equity.READ MORE: Perth braces for once-in-five-years storm as destructive wind and rain batter WA"I re
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