PHOTO: Perth house prices have slumped since their peak in 2014. ABC
As house prices continue their downward trajectory on the eastern seaboard, property owners across the Nullarbor are watching on with interest.
Key points:
- Perth’s housing market collapsed at the end of the mining boom in 2014
- Since then, it has been on a constant slide while prices surged on the east coast
- But experts warn Sydney and Melbourne’s bust will be more significant, and swift
Perth is more than four years into a housing downturn that is yet to bottom out after median house prices peaked at $585,000 in November 2014, according to Landgate figures.
READ MORE VIA ABC
https://propertynoise.co.nz/au/advertisingrates/