[zaph]

Quote

PERTH house prices will fall by about 2.2 per cent next year, but return to steady growth by 2012-13, the State Government has forecast.

In handing down the government's mid-year review, Treasurer Christian Porter said the state's housing market was weaker than first indicated in the May budget.

The review tipped a 2.2 per cent drop in house prices next year on the back of increased stock levels and financial market uncertainty.

However, Mr Porter said conditions were expected to improve in 2012-13, projecting growth of 17.3 per cent over the following three years.

http://www.perthnow....u-1226232059419

[Max Carnage]

"House prices in Perth have been falling since the March quarter 2010..."

According to the ABS, Perth house prices are back below December 2006 levels. An eyeballing of the series lends me the thought that, were it not for the FHOG Boost and interest rate slashing, affordability would have improved by ~25%. Naturally.

[cobran20]

Max Carnage, on 29 December 2011 - 09:39 PM, said:

"House prices in Perth have been falling since the March quarter 2010..."

According to the ABS, Perth house prices are back below December 2006 levels. An eyeballing of the series lends me the thought that, were it not for the FHOG Boost and interest rate slashing, affordability would have improved by ~25%. Naturally.

The joys of government intervention to make things 'better'!

[Bernard L. Madoff]

The joys of government intervention to make things 'better'! ...for a vested interest minority.