Hi there, just wanted some opinions on where the perth property market is headed.. there is no doubt that the prices of houses and land is on the way down at the moment, there is over 17 000 listings on the market and alot of people are having trouble selling. I know a few real estate agents personally .. and they all tell me its absolutley dead at the moment, 1 real estate agent i know will only bother having home opens for the first 2-3 weeks after that the house is only open by appointment cause he is having home opens and no one is turning up to walk thru, another agent i know during the boom made like 200 grand in 1 year and last year he only made like 40 grand or something and hes looking at getting out of real estate. Just wondering when do you people think things might turn around in perth or are things going to be this bad for yrs to come?? any opinions would be great
cheersMy guess is that Perth has had its boom. With the downturn in the economy and high interest rates, the Perth property market will flatline or recede slightly (10-15%?) over the next couple of years. Pure speculation but that seems to be the general consensus
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