How much of this banter is based on reality and how much is wishfull thinking. the three things that drive property prices are 1.position 2.affordability 3.demographics. While Perth is growing and the mining jobs are still paying 100K+ a year, at worst a flat period until the next interest rate drop just remembering position is crucial as there is heaps more available land in Perth than Sydney However, living in a inland town where jobs are scarce and the demographics aren't there, its anyones guess. I like everyone else has a chequebook ready for a water view appartment waiting for the so called 40-60% drop, and thats the problem!
