Les - you are right! By concentrating on specific area codes in WA, I can see that the falls are in excess of 10% real per year!
I was just down in the south west of WA, and there are for sales signs on every 5th house in this one resort town, and Albany isn't much better. And there must have been a lot of for sale signs to seem unusual/noteworthy, I live in Perth after all!
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