All a large market rise is going to do is encourage more people...

All a large market rise is going to do is encourage more people to FIFO to the east. What is the point of earning extra if you just give it to the bank as interest repayments. People are not silly. What are other 90 percent of people that don't work at the mines going to pay their loan or rent with? But hell if someone wants to buy the house and liability of capital loss others will be more than happen to pay your rent and save cash.

I assume that is why rents are rising and only the low end of the market is moving, ie because people actually would like to keep the money they earn. The property they purchase are not investments. I did the move from the east and realized that paying rent is only 70 percent of just the interest on the loan (not principle) not to mention stamp duty, rates, capital losses. No I will just add to the war chest, if the rent goes up will live somewhere else and transit it. When I'm finished in 5 years I will by my house outright where I want to live not in a fringe urban sprawl suburb such as Baldivis Or Ellenbrook which will be a getto in 10-15 years.

1million dollar homes in 7 years are a pipe dream in a deflationary environment. there is no easy credit to finance it. Every other economy is a trainwreck. But hey we will tax our way out of it... Any any semblance of competiveness on the international level.