Dont fear what ever way you look at it property is on the verge or is currently having a well needed correction. The cancer has started in Mandurah where properties are down up to 50 per cent and the banks are too frightened to call in all the developers. The next few interest rate rises should knock those of the cliff face hanging on by their finger nails as a Perth resident who works in "the mines" I may well be one of them. Perth property is too expensive and I think everyone has finally twigged.
