wa property owners, page-29

Yes I believe there has been a big influx of Poms not related to the mining industry, coupled with new housing boom (on old blocks, hence demand for rentals have gone up too), coupled with mining influx. Each will wain, but in 25 years I’ve not known beach side prices to fall more than 3-5% (except Pepi grove 25% on occasions, usually associated with CEO’s going under). House price/ income ratio has gone from 4.5 to 16. Either house prices need to crash or there will be a wages push. I suppose supper funds (esp DIY) have been pushing residential house prices a lot as well.