REIWA who represents real estate agents I belive the article said.......
Gee no conflicting interest there??? Pack of self serving gits. 10-20% is not uncommon in the more avergae suburbs when you look at the hyped up prices from the peak in Nov 2006.
Nov 2009 will be bargin hunting time in Perth. That's what I can pick up from realtors in the west.
Like the share market the property market in Perth has overshot the mark and now in a correction phase, just takes longer due to the lag effect and wait till the final interest rate hikes work their way thro the system (normally takes 12-18 months).
Now that the correction is underway rents can move up a little more whilst property prices move down to find the equilibrium point.
