Perth property spruikers pray to the East

Thursday 8 October 2015

Perth’s property industry has resorted to the mother of all spruiks in a bid to get the market moving, effectively claiming the downturn underway “is only a flesh wound” and appealing to buyers on the East Coast. From Perth Now:

Perth has more than 19,000 properties listed on the market, forcing a price drop of $20,000 in the June quarter to a median of $525,000, according to CoreLogic RP Data figures…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.