3 answers and 3 insights There has been quite a bit of data out recently regarding residential property in Western Australia. This has included data relating to sales and values, as follows: Perth values up 0.3% in December and 1.2% annually Australian values up 0.2% in December and 1.7% annually Total value of residential properties […]

3 answers and 3 insights There has been quite a bit of data out recently regarding residential property in Western Australia. This has included data relating to sales and values, as follows: Perth values up 0.3% in December and 1.2% annually Australian values up 0.2% in December and 1.7% annually Total value of residential properties up $124 billion in 3 months to $5.4 trillion It interests me that Australians have so much tied up in what is an investment that rarely generates returns above the rate of inflation What interests me more is the question – is the era of the property tycoon over? I have heard this question posed on a number of occasions in reference to the property tycoons on the 1950s and 60s who purchased large tracts of land outside the metropolitan areas and then built fortunes selling that property over the last 40, 50 or 60…