US beachfront homes a bargain - The West Australian: "The median-priced house in Perth, at $480,000, is 6.2 times the average annual male income and 8.4 times the female wage.
In the US, homes are about three times the average household income.
Sunday, October 24, 2010
Wednesday, October 20, 2010
Prices down as Perth property market floods | Perth Now
Prices down as Perth property market floods | Perth Now: "HOUSE prices in Perth are on a downward trend with sellers reducing asking prices by 6 per cent as the local market floods with properties for sale, according to the Real Estate Institute of Western Australia.
Median house price drops by $20,000 - The West Australian
Median house price drops by $20,000 - The West Australian: "Perth's median house price has dropped from $500,000 to $480,000 as the top end of the market continues its sluggish run.
Monday, October 4, 2010
The Great Australian Housing Bubble -- Seeking Alpha
The Great Australian Housing Bubble -- Seeking Alpha: "Is Australia’s housing market a debt-fuelled time bomb underpinned by ‘Ponzi finance’ that requires the ‘greater fool’ and ever-increasing levels of debt to perpetuate it? Or are current valuations justified? Let’s examine the data.
Perth leads nationwide property price fall | Perth Now
Perth leads nationwide property price fall | Perth Now: "NEW figures show Perth as the worst performing capital city with property values falling nearly 5 per cent amid a backdrop of a softening housing market.
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