Bad timing, page-8

Property fortunes go in cycles and not all states in sync. Right now WA has hit the perfect storm, big projects finishing, drop in iron ore price, overspending government and GST rip off. BUT the worst has passed in some areas still a way to go. The rise in Sydney and Melbourne has left me awestruck, why. There has been no great change in NSW and VIC job markets I may be wrong but can anybody quote a new huge export orientated project starting up there. The so called lack of supply is rubbish as Melbourne has plenty of land to expand and a massive supply of apartments. The cycle in Melbourne and Sydney is peaking and finally may see some sense coming into the market. Eventually cycles turn and property goes through periods of stagnation, then slow rise , peak and drop. Right now I would not buy an investment property any where in Australia. Buying a PPR in Perth right now is ok but wait it out in Sydney and Melbourne. We live in interesting times.