Western Australia Slump Deepens

WA Property Slump Is Now the Worst in 20 Years

Activity in the housing market has fallen 15 per cent in just 12 months and more than one-third since the height of the boom in 2005-06, according to Landgate, the government's official land information authority.

Landgate chief executive Mike Bradford warned the state was on track to record the lowest number of property transactions since the early 1990s.

"In April we had about 18,000 properties for sale so we're oversupplied to about 50 per cent.