The Real Estate Institute of Western Australia’s (REIWA) call last week that the Perth housing market is set to soar has been given a good old fashioned reality check, with a number of property ‘experts’ claiming that it “feels just like a recession”. From The AFR:
Property Council of Australia executive director Joe Lenzo said the inner-city office vacancy rate was now about 16 per cent and would be about 20 per cent by year’s end.
