Perth property locust swarm grows

Tuesday, 18 September 2018

It’s the background buzz that never dies. Like a hot summer’s day in the bush, the cicadas thump their monotonous tune no matter what. Via the ABC:

You know things are tough in the property market when a seasoned real estate agent sells his own family home and chooses to rent instead.

Greg Rossen has been selling homes in Perth’s wealthy western suburbs for decades, but even he doesn’t have the confidence to invest in housing at the moment.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.