The prediction is interesting as most houses have already dropped more than $100k. Come January I think this will be around $300k drop on average. This is good news for those trying to buy a family home.
Perth prices dropped 1.2% for September alone. Perth showing the biggest drop of all Australian cities since May. The article stating that we might even see a 20% drop soon.
The banks always win.
Super intelligence isnt helping
And still people think that all is ok in Perth. Property prices are extremely inflated, homelessness increasing as there are less and less jobs, cost of living is higher than other states etc. It will be interesting to see how property prices react in Perth soon.
Employees always come last
If Labor dont do something soon many will vote ON. I dont think ive seen this many people struggling to find jobs and homelessness in Australia. Its also difficult when many jobs now have 100s of applicants and many are new arrivals.
WA property market got so inflated by investors and now all of them are rushing to sell. Wages in WA are also lower than NSW and Vic, leaving many not able to afford or struggling to pay their mortgage.
Up we go
Up we go...
If this is correct it would mean Sydney had a drop of around 30%. I can't imagine how big the drop then will be in smaller cities like Perth and Adelaide.
Labor will need to do something soon as many young Australians are finding it very difficult to find jobs
Up the rates go...
I think we might see 10000 quickly after September. Even Reiwa stopped updating the listing chart.
We can't deny this common sense
Almost no one I know had mum and dad help them to get their first home. I wonder how many redditors had help?
I find it strange that Perth property prices are higher than Melbourne, Canberra and Adelaide. With the amount of unemployment and homelessness increasing its more difficult than ever finding a job. Mining has also slowed down as many redundancies have occurred while many jobs have become automated. It is clear that investors did drive up the prices and Perth is now the most overvalued city in Australia. It will be interesting to see if they will also have the biggest downturn...
Its now almost certain we'll see another rate hike. I wonder how many more formal 2026?
Very poor performance from the Dockers
Labor is the only government in history that is not trying to destroy the future of our youth. They are trying to correct what has been allowed by investors to cheat the tax system, allow significant foreign property investment and let property investors run up prices. Many I speak to are in support of what Labor is doing however they still keep saying property is still very expensive and migration high. Hopefully Labor can fix this as no struggling family or young Australian should start with a $1m mortgage.