Perth house slump continues
http://au.news.yahoo.com/thewest/a/-/newshome/8416284/perth-house-slump-continues/
Seems Perth could continue to be the leading indicator for real estate in this country - it had the big boom, the big bust and now the agonising grind downwards. I expect this painful grind to continue and will be a general trend across the country. If the resources boom takes off before Chna collpases then the tide will turn. Until then, holding neg geared properties whilst being grinded day in day out - not fun
http://au.news.yahoo.com/thewest/a/-/newshome/8416284/perth-house-slump-continues/
Seems Perth could continue to be the leading indicator for real estate in this country - it had the big boom, the big bust and now the agonising grind downwards. I expect this painful grind to continue and will be a general trend across the country. If the resources boom takes off before Chna collpases then the tide will turn. Until then, holding neg geared properties whilst being grinded day in day out - not fun
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