It looks like Domainfax has given up on Perth’s housing market and finally accepted that it is in the throngs of a prolonged bear market.
After Domainfax recently suggesting that the bottom is near (here and here), the REIWA released rental data this week, which showed that Perth rents have plummeted by $50 (houses) and $55 (units) since December 2013, with the rental vacancy rate also hitting an “historical high” 5.6% in the September quarter:
