australia's very own subprime crisis looming, page-28

Utter rubbish Massey and no facts to prove. Entry level properties in Perth have gone up 22% in last 2 years. Properties bought 6 years ago at the very bottom in 2008- 2009 are ahead. Yes trophy properties and high end have gone down. If one had bought a $1.5 mil house in Floreat in 2006 then it would not sell for $1.2 now. But if one had bought an entry level house under $350k in 2009 then it would sell now for $450k.