Perth Property Slump Worst Since 1982

Discussion in 'Property Market Economics' started by Chris C, 24th Feb, 2009.

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  1. Chris C

    Chris C Well-Known Member

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    Property slump worst since ’82 : thewest.com.au

     
    Chris C, 24th Feb, 2009
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi Chris,

    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...

    Cheers,

    Dan
     
    AsxBroker, 24th Feb, 2009
    #2
  3. Jacque

    Jacque Jacque Parker Premium Member

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    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.
     
    Jacque, 3rd Mar, 2009
    #3
  4. Redwing

    Redwing Well-Known Member

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    Perth Market

    Fast Fwd to 2013

    Median now at $510,000 and rents at $470 according to this article


     
    Redwing, 28th May, 2013
    #4