Acorn you have hit it with your comment the market is returning to normal. In a boom everything goes up, from vacant land to inner city to mc mansions. The Perth market is returning to normal, which is; some suburbs are hot, some types of property are selling well and other types are slow and yes some have gone down. The problem for the new entants is that the below $500k sector is selling well. Even in the same suburbs eg Highgate there are sub markets. Cheap units are selling like hot cakes, stand alone houses around $800k are doing well. The properties in between these ranges are sitting on market and flat. I believe once the election is out of the way confidence levels will improve further. Let the bears believe what they want I will take the money to thumbs up on here any day.
