House hunters like Vanessa Bray finally feel like they may have a fighting chance of securing a home amid a slump in property prices, while an industry insider warns this optimism may be premature.

A riverfront trophy home in Perth, Australia, that set a national record when it last sold, is looking for a new, and deep-pocketed, owner. The property, in the exclusive suburb of Mosman Park, last ...

Perth's median home value fell 5.7% in three months to $942,018, while economists forecast an 18% decline from the April peak.