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Perth's ultra-tight property market is being squeezed even further by cash buyers

www.abc.net.au How 'crazy' is Perth's housing market? Ask Craig Townsend, who just lost out on a home literally at the last minute

If you want to get a sense of the "insane" nature of Perth's property market right now and the breakneck speed at which homes are selling, look no further than Craig Townsend's experiences last week.

How 'crazy' is Perth's housing market? Ask Craig Townsend, who just lost out on a home literally at the last minute

"It's an A-grade shit show," he said, not mincing words.

Rephrasing , the inevitable outcome of government and voters seeing housing as an investment and not a social need.

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