Currently, Owner Occupiers are the main buyers in the Perth property market.
To view: Perth Property Performance – Part 2
- Once investors both here and over East start buying, the market will start to become really exciting.
- Supply is a huge problem with people worried about selling their house and not having a place to live.
- In 2016 vacancy rates were at 6.5% now they are at 0.8%
- Historically speaking an upswing property cycle last for 7-8 years.
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