About 43 per cent of mortgages in outback WA are in negative equity, according to Moody's.

Outback WA housing market the nation's worst

Outback Western Australia is the worst-performing property market in the nation, according to a new report by ratings agency Moody’s, which also found housing prices in Perth have fallen by 8 per cent since peaking in December 2014.


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That is what happens when you get a State Government whos entire focus is on spending the states income in the Capital city even though most of their income comes from the regions.

Good article based on facts and acts as a counter to the loaded spiel we hear from those in the property industry.

North West
South Hedland 1 x 1 house on the market for just $75,000. 3 x 1 Unit in South Hedland just $55,000. Karratha 1 x 1 as low as $49,000 and a 3 x 1 house just $179,000. So many owners like myself are hurting with the down turn in the North West economy. We can not sell as up to 70% loss on purchase price. Rents do not cover mortgage at all. The whole care factor of investment properties by some is a joke. Cost to get anything repaired is still higher than anywhere else. Banks are not listening to owners that are just trying not to go bankrupt. The major problem is FIFO still and workers camps. Whole towns are suffering and mining towns will be a ghost town with so many empty houses which is happening every day. Hard working Aussies are losing everything they worked hard for and there is no relief for home owners in the Pilbara. WA North is hurting and who is listening?

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