Perth’s spring selling season has seen a noticeable slump, with the volume of houses down 42 per cent year on year and demand on Perth’s traditionally busiest selling weekend remaining weak, as auction clearance rates dropped to a staggering 35 per cent.

Press PLAY to hear Evan Lucas discuss Perth’s property market slump

Finance expert Evan Lucas told 6PR Breakfast hosts Millsy and Karl that slow sales paired with elevated house prices are presenting a major hurdle.

“Prices over the last six years in Perth that have grown over 80 per cent in some places, it’s as much as 150 per cent, coming together with a period where now prices are starting to slide, all of it’s becoming a bit of a cauldron of issues unfortunately”, Lucas said.

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