Australian PropertyFeatured Article

All indicators point deep south for Perth housing

Leith van Onselen
Advertisement

By Leith van Onselen

As has been well documented on this blog, Perth’s housing market is deteriorating fast as the epic commodity price and mining investment boom unravels.

This weakness has been most evident by Perth house prices, which have fallen by 4.9% so far this calendar year, according to RP Data, with a clear downwards trend (see below charts):

ScreenHunter_10962 Dec. 15 14.44
Advertisement
ScreenHunter_10961 Dec. 15 14.43
ScreenHunter_10960 Dec. 15 14.42

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.