Despite all the news telling us that we are heading for a huge drop WA has consistently being going forward within the house sales, yes the apartments are still very slow on the uptake and the new developments have been put on hold due to the rising building costs.
However our businesses here in Perth are screaming for more staff, they cannot fill their vacancies (you see ads everywhere). The Government is planing to expand the national skilleed migration caps to try and relieve the pressure (however what does that mean for the renting and buying situation), boom it will start over again.
No one but no one has the crystal ball and with interest rates deemed to rise up to 7% and then other people are saying they will drop towards the end of next year, so who knows what will eventuate we have to take things as they come.
What we do know is:
We are in a housing crisis in WA for rentals and sales
We have the unemployment rate at 3.4% which had dropped from 5.6% in March 2020
There is a severe lack of workers to fill all the jobs here in WA
The Mining Industry is absolutely booming
No one has that crystal ball so all I am going to say is control what you can control and dont worry about the rest.
MAKE YOUR DECISIONS & GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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