Been doing a lot of thinking about anyone investing in the resource states capital cities and believe that WA, Perth esp is worth looking at as a model for what may happen to the prices in the other states.
This state is far from being in the doldrums, the economy is humming, not much has changed with resources , employment is high, labour short, immigration high, rents actually quite competitive and yet the real estate market has stalled - and correcting - will this happen elsewhere? Will it all level out when general sentiment improves - you would think so - but only time will enlighten us - however we lead the resource driven sector of this country in price increase and the pattern that has emerged up to this point may or will act as a pattern for Qld or SA.
I personally don't believe the WA story is finished by a long chalk going forward and if that is the case it augurs well for the others - if not there may be some lessons for many of us in that we no longer just invest in our state of domicile. Worth considering.
