The property report in today's West Australian certainly indicates a 'Japan-style' property grind since the GFC. Figures show the last 5 years have been awful for Perth property with most suburbs averaging about 1% growth in five years- so about a quarter of a percent a year. Hardly a great investment. The last year has been okay, with the last few months being very good, but I wouldn't be making a call from a 3 month trend. It will be interesting to see which way it heads over the next couple of years.
