Friday, July 1, 2016

15% of Perth Houses Selling at Loss

Compared to last year, two times more apartments and three times more houses have sold at a loss this year according to CoreLogic RP Data. 23% of apartments and almost 15% of houses sold at a loss in Perth compared to 11.7% and 5.1% last year indicating that the pressure is increasing on people to liquidate. Most of these houses and apartments were held for about 5 years when the mining boom was at its highest.

For those looking for a home in Perth, the time could be right to make an offer.

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