PHOTO: Almost five per cent of all properties listed for sale in Perth are in the Rockingham/Baldivis area. ABC News: Elicia Kennedy
You know things are tough in the property market when a seasoned real estate agent sells his own family home and chooses to rent instead.
Key points:
- Real estate agents say the Perth property market remains very depressed
- They advise investors to enter it with a 20- to 30-year timeframe in mind
- Recent increases in rental demand however are offering a glimmer of hope
Greg Rossen has been selling homes in Perth’s wealthy western suburbs for decades, but even he doesn’t have the confidence to invest in housing at the moment.
And he can’t see it getting better anytime soon.
AUSTRALIAN PROPERTY NEWS – JOIN OUR 30,000 PLUS
SUBSCRIBERS
READ MORE VIA ABC