The Australian Bureau of Statistics yesterday released their quarterly Residential Property Prices Index for Eight Capital Cities for the June 2015 quarter.
Perth Property Prices quarterly chart
Perth Property Peaked December 2014 quarter
If this was a share trading on the ASX it would be a sell in my opinion.
Sorry Perth !!!
Tide is going out
Prices in Perth are now falling even with record low interest rates.
Property price declines will likely accelerate in this city once interest rates eventually begin increasing.
When the tide that is low interest rates goes out we will see who is swimming naked!!
Perth property will probably throw up some great bargains in five-to-seven years time once the interest rate cycle has played out.
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