David Jones suppliers left with unpaid invoices

While Perth's property prices have dropped in the past three months, the real risk to people with mortgages is not negative equity but losing their job.

Former staff say years of cost cutting and reduced staffing has taken a toll on the experience of shopping at David Jones.

Spring is usually one of the hottest times to sell property, but a housing market slump is affecting regional areas.

Can you be in administration and have receivers? Yes, and it is happening at David Jones, which is seeking to restructure but will likely face challenges.