WEST AUSTRALIAN 19/7/11 Government has now classified Perth as a regional town, to make it easier for foreign workers to qualify. Due to many projects moving from design stage to construction the conservative estimate is that 150,000 more workers are required in next 5/6 years. Iam not saying this will create a boom as not what people want but any suggestions of widespread falls in prices in Perth are wishful thinking. The current oversupply of houses for sale will take time to be absorbed and nobody expects price gains till supply taken up. Some suburbs will do better than others. If I was brave I would say that this time next year Perth will be looking at demand for rentals and cheap houses outstripping supply. P.S. Daves parents might kick him out of cellar and make a killing renting to foreign workers.
