Mike, when the resource boom ends there will be a big shakeup. The highly paid jobs will dwindle away and Perth property prices should drop somewhat, aided by the inevitable interest rate rises, as people will struggle with their high mortgages on lower earnings. Got a son up in Port Hedland paying nearly $4000 a month for his house. There is no way he could manage that working in Perth.He hopes to make a big dent in it before his wages drop. I reckon the shakeup will start mid to late next year. Nothing lasts forever.
