For all the doom and gloom has anybody looked at the facts. Last week in Perth there were 16,000 properties listed for sale. 1000 properties sold. The assumption is that Perth has 2000 - 4000 properties above normal for sale. Thats 2- 4 weeks supply in the quietest sales time of the year. The Perth Median price has fallen from roughly $500,000 to approx $475,000 in the last 3 years. The biggest financial crisis since the great depression, Eartquake and Nuclear disaster, and a minority government. and combine this with local factors. Too many Real Estate agencies started up in boom times, changing trends in property (Mc Mansions no longer in demand) And after all that the median fell $25,000. Well done Perth property
