Discussion in 'Real Estate' started by Chris C, 24th Feb, 2009.
Property slump worst since â€™82 : thewest.com.au
It doesn't surprise me in the least, about two years ago I read an article which said that Perth house prices were the same as Sydney house prices. With Sydney's population about 4 times the size of Perth's the bubble would burst at some point...
Me too Dan.
The growth was just too rapid (much like Sydney 02-04) in too short a period to be sustainable. No doubt helped by the resource boom and accompanying panic buying madness of the period.
Fast Fwd to 2013
Median now at $510,000 and rents at $470 according to this article
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