Perth has fewer houses for sale than ever before in it's entire history. And thanks to the mining boom more people keep pouring in. Expect higher prices.
Literally Perth and Australia as a whole is completely ridiculous. I had a house that is under offer on my street for 850k when the house next to it was selling for 430k only 5 years ago. It's absolutely ridiculous. Overseas and overeast buyers have completely inflated the market. A single story house on another street alot smaller than mine sold for 1.05m. You know what fine I'll list my house on the market then if people can inflate and charge what they want 20 million dollars. Let's see who will buy it then. You can literally buy 3-4 houses in other countries for what Australians are paying. Don't tell me about (not enough land) WA is the size of 5 texases. Also don't tell me that other places are facing this too. Other than Canada and the UK which are Commonwealth countries....Went back to the US (cause I have family and use to live there) and some people are making the same money they do in Australia and a house costs the 1/3 of what it costs in this expensive nightmare. Why Perth? Perth is beautiful don't get me wrong beaches are beautiful but the nightlife and things to do in winter sucks ass here nothing to do when their is loads of things to do in other nations. Get screwed. Thanks for turning Perth into a boring and expensive nightmare
Greed has taken over the housing market where is thousands of young people coming up going to stay they can’t afford to buy so tents is the alternative or stay with there parents for decades ,
