Yes the premium property and trophy homes have performed badly in that period but. How much did those areas go up in the previous 4 years from 2004 - 2008. 100%. Top end of the market is the last to go up and the last to come down. Perth is in the stage where bottom of the market is very active and prices are rising. The top was way over priced and hard to see it recovering until we get a new breed of aspirational wannabees. Still if you have the money there are some blue chip properties around, but who wants them.
