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myscreenname said..
Looks like prices have barely moved in a decade. With Perth going off, and being by the sea, just maybe this town is about to BOOM!
One thing I find funny about Perth, as an outsider, is that they think their property market is Sydney or Melbourne, or worse, better than either Sydney or Melbourne.
When I went looking for a house to buy there were so many people hoping to make back the same purchase price they paid in 2001, 2010 or 2018. The dates are not quite that, but you get the gist. In each successive boom, prices have tailed off for the next decade, back to what they were before the boom. So many people paid top dollar for houses at the peak of these booms and were just hanging on to get out of it at the price they paid initially.
There is just so much land available around Perth that it keeps a bit of a ceiling on house prices. I suspect we will see the exact same thing as pressure from over-immigration backs off and people get over the Covid inspired spending boom and we get back to a normal recession/slowdown.
But Port Gregory is a winner in all times.