Where will Perth real estate prices be in six months?

1 Comment

  • Steve - 10 years ago

    With people starting to leave the state prices will begin to fall, the boom and bust cycle has begun the bust.
    Two years ago NZ net migration was 40k for the calendar year, last month was 200 migrants to OZ.
    People will pile in to new housing (as recent Landgate data suggests) and the drop in stamp duty concessions will enhance this before the end of financial year.
    The vacancy rate climbing and a CapEx cliff coming will make the once in a century mining boom an epic bust.
    Oh, and the state budget based on $122 iron ore for the next year is a joke, it's less than 100 now and only going to head further south.

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