Yeh - Perth property is still in the doldrums. Will be for quite a while I expect.
Rental vacancies increasing, rents dropping, houses not selling and unemployment increasing.
I expect lots of negatively geared properties will probably hit the market over the coming year. Plenty of CUB's (cashed up bogans) out there with a sudden drop in income.
Lose a tenant, lower rent, lower income - it doesn't take much for the snowball to start rolling.
It's a far cry from a few years ago, when twits were paying ridiculous prices. FOMO
