Pending recession and eye watering interest rates

The outlook for Perth's housing market is largely dependant on the lens with which you choose to view it.

Highly nuanced, the forecast for the trajectory of West Australian real estate prices becomes a game of speculation at best.

Bullish macro drivers such as incredible affordability and a dire housing shortage are often outshone by a largely over dramatic media narrative of pending recession and eye watering interest rates.

Australian real estate is a multi-lane affair. Including Perth in the over-inclusive and alarmist dialogue of a faltering Eastern States market is misleading to say the least.?One size certainly does not, fit all.

Yes. Interest rates are rising and there is some uncertainty on the balance sheets of economies around the world but as we have seen pre pandemic, the Nullabor is more than a geographical divide. It sits between two fundamentally different ecosystems and buffers each side from simply 'inheriting' the good or the bad.

Everyone is on their own journey and has a different story (thank goodness). Ultimately we will all choose our 'lens' based on what's important to us.

I know which one I'm picking.