WA property market – lessons learnt from previous cycles

2015/2016 could resemble the market around the time of 2008. This is due to Perth’s slow population growth, weak consumer outlook and the flood of new properties The hallmarks of 2008 were low economic sentiment and high volumes of new property in WA. However Perth made it through 2008, and we have that experience to draw upon when looking to the future market conditions in 2015/2016 What can we learn from past property cycles? It is natural for the property market to evolve through cycles. This doesn’t make it any easier to adapt, but it does allow us to prepare …