Oversupply sinks Perth house prices

Oversupply sinks Perth house prices

A big oversupply of properties for sale, anxious buyers and job-loss fears have combined to send Perth’s median house price towards its second significant fall of the year.

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The big boom theory

Housing set for shake-up in demographic tsunami. Baby boomers are set to shake up the economy and residential property will be one of the key sectors to benefit.

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Underlying potential is strong

Analysts predict Canning Vale’s investment potential will get a significant boost over the next decade. The suburb’s land supply, traditionally favoured by owner-occupiers, will dry up over the next decade, creating “pressure points” for pr…

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