property stock for perth metro , page-5

I posted the housing stock figures for the Perth metro area by local authority last week (taken from RPData).

Of note, Mandurah was once the fastest growing region in Australia, take a look now. One can again buy a 3 x 2 for just on $200K!

A quick search of RPData reveals many suburbs are now back at 2006 prices already. What next, pre 2006 I suspect particularly in light of increasing defaults, a slowing economy (take a close look at the building industry and retail) and job uncertainty.

We could very well see another round of Government intervention (stimulation) to keep the merry-go-round turning? Watch this space.

Our residential building industry is slowing dramatically, take a look at the jobs advertised for building trades and speak to tradies they'll confirm this.

WC8