Home owners holding on to property for longer

The slowdown in the property market means that home owners in Perth are holding onto their houses for an average of 8.2 years, nearly two-and-a-half years longer than used to be the norm.


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There is a huge real estate bubble in Perth and across the country. Why isn't the media and politicians talking about it more? And why does the media always distort the real extent of the problem? Is it because the real estate industry pays for big 1 page adds in their newspapers all the time and so the newspaper doesn't want to criticise the crappy real estate industry for fear of lost revenue? Most people know that housing is a joke in Oz. The only bigger joke is the apparent lack of attention the real situation gets

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