Perth historically runs at 12,000 to 13,000. 4000 is not the starting point. Investors offloading to a point, Perth has a low vacancy rate, altho going up, the gas shortage is causing new home building to decrease, 500 or more net inflow a week into city, chomp chomp , also greater stamp duty relief from 1/7/08 and still a booming economy in the West.
Market will adjust there for another 6 months or so, but be careful you don't get caught out with your pants down because it is still the main driver of the economy and to write it off is foolhardy.
