Perth property owner here. This is if inflation doesn’t cook the economy. Lots of land here in Perth. I live 20mins from the city and there is lots and lots of vacant land. Media is hyping it up on top of last of supply.
Vacant land doesn't mean titled land. And not everyone wants to, or can build. The fact is there's fewer properties available to Perth locals right now than there's ever been. That on it's own is a problem. Same reason why rents are skyrocketing.
Perfect storm. Perths got a lot of up left yet. Population increase is driving the market.
Perth property owner here. This is if inflation doesn’t cook the economy. Lots of land here in Perth. I live 20mins from the city and there is lots and lots of vacant land. Media is hyping it up on top of last of supply.
Vacant land doesn't mean titled land. And not everyone wants to, or can build. The fact is there's fewer properties available to Perth locals right now than there's ever been. That on it's own is a problem. Same reason why rents are skyrocketing.