Am inclined to agree with you Moon' with your views on WA realestate and the status of the local economy etc in particular! I bought 6 or so properties back in 2001/02 when I moved from the east and did $ well on the back of the mining boom!
The boom is certainly over now and recently I sold my last property in the Great Southern for a loss! My only loss!
I can forsee a big down trend in values north and south of Perth and am seriously considering re entering those markets at some stage within the next year or so! I will be watching that space!
In the meantime, I am quite comfortable living in south east Asia where property is cheap and on the rise, and the cultures are full of colour! Until now, Perth was always my transit lounge!
Best wishes to you.
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