Potential property buyers double in WA

Perceptions of a softer housing market and better mortgage management have boosted the number of Western Australians intending to take out a home loan within the next year, a survey has found.


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WA buyers would not be helped by the ACCC's rubber stamping of the BankWest acquistion - neither by the continuing reluctance of the big 4 banks to pass on in full the higher funding costs which has now declined considerably. More interesting, is the lack of pressure on the Big 4 from both govt ( all levels ) and the media too. Thanks Partha

Perth WA
If you can't afford a home now that rates are at record lows you'll may as well resign yourself to renting forever. The prices of established homes may drop a bit more or maybe not BUT how far can the new house prices fall? Most builders are already making zero profits and are only building to keep the business afloat until the market recovers. The lack of new building is setting us up for another shortage of houses, last time it was a lack of skilled labour to build new homes and now its a lack of new home buyers. The end result is the same. BOOM !!!

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