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Lot production in Perth fell to 7,100 in 2016-17, a cumulative 55 per cent decline from 2014-15.

Oversupply to dampen recovery in residential market

BIS Oxford Economics’ latest outlook series report has delivered a stark analysis of expected demand for new houses and land across the Perth market in the near future.

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WA
After decades of up to 1,000% profits, it only costs the big three iron ore miners $18 per tonne to produce, and at its peak were getting $200 per tonne. Now they are only getting over 300% profits at over $60 per tonne they are sacking everyone in order to pay their huge profits to its foreign shareholders. This has, in effect, shut down WA's economy and slashed the wages of the contracters who do the work. Shareholders get the profits, while Aussie workers get Centrelink.

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