beechwood homes goes bust, page-50

bbloff

18% growth here would be the absolute bottom of the range

there are properties here in Perth that have gone up 3 and 4 times in value over the last 5-6 years

And even allowing for the agrument some put forward that Perth prices were under valued it still leaves a massive amount that needs to correct.

AS for posts regarding property crash going back 5 or so years you have to take into account that the Eastern states were 2 years ahead of us in the west in seeing growth.

And the fact prices here in Perth peaked 18 months ago and many properties are already seeing sizable falls.

Personally I do not see that we will have the falls some are predicting, we will IMo more likely see a very long period (similar to the 90s) of price stagnation.