Perth Property Boom Is a Lie and the Crash Has Already Started

Perth’s property market is exploding — but according to Professor Steve Keen, one of the few economists who predicted the 2008 crash, this boom is built on a lie.
After the government’s new 5% deposit scheme launched on October 1st, 2025, sub-$500k homes vanished in 48 hours and prices surged 1.6% in a single month. But what’s really causing this sudden spike?

In this video, we break down:

Why Perth’s first-home buyer incentives are fueling a dangerous bubble

The economist who predicted the GFC — and why he says Perth will repeat history

The real impact of 5% deposits, grants, stamp duty cuts, and price caps

Perth’s rental crisis, mortgage stress, and record-high debt levels

The four warning signs experts say appear before every major crash

What a 15–30% correction could mean for new buyers in 2025

And who these schemes really help (hint: not first-home buyers)

From record-low vacancy rates to rising days on market, the data is flashing red. Perth’s boom shows the same patterns that hit the US, UK, Ireland, and Australia before previous collapses.

If you're thinking about buying in Perth right now — especially with a 5% deposit — you need to hear this first.

📉 The crash isn’t a matter of IF… it’s WHEN.
📊 Stay updated as we track Perth’s property market, debt risks, and government policy failures every week.

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