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QWest Paterson chairman Warwick Hemsley.

Perth property plunge close to bottom: Hemsley

New data out today confirms Perth’s residential property market has yet to show signs of a turnaround, but one industry figure says the sector is close to the bottom of the cycle.

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Perth
We have definitely seen some suburbs such as Fremantle and Scarborough that have been stable for the past 5 years - so not all suburbs have declined in property values - but we are in agreement that the bottom of the cycle has been reached. There are a number of major projects underway in Perth (both hospitality and retail) which will help buoy Perth's economy. Sam Reece PropertyESP

With the rates and unemployment on the rise there is only one way from here.. Down..

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