Predictions based on the activity in Perth according to Gavin Hegney, a well known Valuer plus the WA Govt is predicting property on the up in Perth. Prediction is $500k median price in 12 months from $467K.
Reason given, tight rental market, people pouring into WA, interest rates on downward trajectory and job security in this state.
Someone has it wrong - very wrong. If it is me I own my home if its you guess you will be caught with your pants down. The reality will hurt I am afraid and any talk of WA in trouble is totally premature esp as it is being treated as a regional area for migration purposes.
