Perth market undergoing a post-Budget reality check
Sensational headlines may suggest Perth's property market is in trouble, but the reality is far more nuanced.
The Perth property has blossomed over the past five years, but the high price growth is steadily slowing. (Image source: David Steele/Shutterstock.com)
If you’re an avid consumer of property news, you’ll have seen a lot of headlines suggesting the market is imploding.
There has been story after story about properties failing to sell under the hammer on the east coast. One Western Australian publication recently referred to declining clearance rates in WA, citing they’d dropped to 23 per cent. The following week the clearance rate was 40 per cent (based on two out of five reported auctions).
WA c…
