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Some of Perth’s most shunned suburbs have had their prices lifted to levels that were unimaginable a few years ago. But now east coast investors have left the market, will there be a correction?
Census data has revealed the Perth suburbs where there are plenty of homes sitting empty. Credit: Getty Images Apartment-dense suburbs including Perth’s CBD, East Perth, Northbridge, Burswood ...
CoreLogic’s Pain and Gain report revealed in the Perth local government area, which includes the suburbs of East Perth, West Perth and the CBD itself, more than 18 per cent of sales lost money.
Perth is defying national industrial market trends, setting record low vacancy rates as east coast markets struggle.
Mr Singh said Perth’s suburbs offered property investors value for money that was largely unavailable on the east coast, while the city’s undersupply of homes was pushing prices higher.
A Transperth bus driver has been charged with careless driving after a fatal collision with a pedestrian in the CBD.
But in Perth's south east, where suburbs are bursting at the seams and homelessness is rising, many are pleading for help right now. ABC News (AU) Homelessness rising in Perth’s south east.
The State Government has allocated more than $100 million in the State Budget to tackle some of Perth’s worst traffic congestion hot spots in the northern suburbs.