kr,
You well may be right, but figures pertaining to the development are real. His figure about 18% decline by September is not doubt very controversial.
However, I know one property developer who operates in Mossie Park, Peppermint Grove, etc, and he's having the manjam squeezed out of him at the moment.
Propety is overpriced, from Cottosloe to Yanchep, down to Mandurah and across to Armadale.
