Yes Perth prices during the 90's were flat or slow at the best
and why was that
Because prices doubled and at times tripled in the late 80's early 90's
10 plus years growth in 2 or so years then 10 years of stagnate prices brough the growth rate over the whole 10-12 years back to around 6% pa
Between 2001/02 and late 2006 Perth prices went up 3-4 times in value (some even more) even factoring in that property was to some degree undervalued compared to some other parts of Australia, it is still 15+ years growth in around 4 years.
So taking into account the arguement property was undervalued we have only had 18 months of a potential 10 plus years of flat prices based on what happened in the 90's
