WESTERN AUSTRALIA HOUSING MARKET IS AFFECTING OTHER PARTS OF THE ECONOMY

Western Australia’s soaring property are reaching median house prices well exceeding $1 million in some areas and over $880,000 state-wide. First home buyers struggle to enter the market. First homebuyer stamp duty concessions are nowhere near enough for the qualifying thresholds. Rental supply shortages have created record high prices. Renters are spending unsustainable portions of…