The Perth housing market looks to have entered the early stages of a long-term price downturn. Considerable evidence suggests Perth residential land prices were confidently bid up on the belief the mining investment boom would last well into the next decade. Strong population growth was forecast to continue in one of the few capital cities with a housing shortage.
In the Perth Smashed Avocado Toast Report , LF Economics examines the long-term trends in the Perth housing market and state economy. Of particular interest is the continuing shift in power between young and aspiring first home buyers and the losses confronting more recent property investors who are losing wealth and income by the day.
This report is available in PDF for free and can be downloaded from the facility below.