Perth

I am no expert but watch the local market like a hawk. Prices here boomed recently as I’m sure you are all aware. I live in Connolly which is about 25km north of the CBD. My house has increased from $490k to $750k in less than 18 months.

However, the market does seem to have stabilised. There are a lot of houses on the market and a few starting to offer slight reductions. Houses are still selling in the popular areas. A familiar story to me as I sat through the same market trend in the UK, a boom and then a flattening off period. Its funny to hear the same comments “It cant carry on this way, where will it end”. I occasionally look at the prices in my old UK town and the trend is still upwards but at a much slower rate.

Looks like its time to sell up and move to Melbourne and start that investment portfolio I keep dreaming about.