Ken - housing prices in the most remote place in earth (Perth) must retract in line with inflation, economic conditions, demand and the wage index. Simple economics given we don't live in Monaco. Recessionary indicators have been, in the recent week, been flooding in - 20% falls are likely across the board. No-one close to the industry who is objective, thinks otherwise.
The younglings with their McMansions, 3 kids, one income, up in the mines with two cars and 2m Tvs all on credit are about to crash. When the young breadwinner loses their job, it's over.
