I was wondering what the feeling was on this forum for your market ... where you live, or where you invest.
I can comment a little on 'my' area - outer south western suburbs of Perth.
Prices: Were down about 5% from peak. Anecdotal evidence that prices are coming back up, albeit slowly. More properties are moving, though mostly in the under 400k range (the median). Sales of expensive 1m+ properties very, very slow.
Rents: Vacancy rates low. Slight increases in last 12 months for $.
So... still pretty flat with maybe a little glimmer of light.
I'm happy to answer any queries if anyone interested in this part of the world.
Would enjoy hearing thoughts on your preferred market.
I can comment a little on 'my' area - outer south western suburbs of Perth.
Prices: Were down about 5% from peak. Anecdotal evidence that prices are coming back up, albeit slowly. More properties are moving, though mostly in the under 400k range (the median). Sales of expensive 1m+ properties very, very slow.
Rents: Vacancy rates low. Slight increases in last 12 months for $.
So... still pretty flat with maybe a little glimmer of light.
I'm happy to answer any queries if anyone interested in this part of the world.
Would enjoy hearing thoughts on your preferred market.