Interestingly WA shown at 2.2% unemployment - our property...

Interestingly WA shown at 2.2% unemployment - our property market was in slowdown mode well before the last few months and now that all the stimulus comes through I believe that we will be fairly well insulated. Not everyone benefitted from the mining boom by any stretch of the imagination.

I am not a pessimist by nature but would not have expected these stats - difficult to get a handle on things with all the media bs - they are doing no one any favours.Christmas may be the circuit breaker. Cars and the like though will take a smashing - housing has its stimulus but lets see.
There will definitely be a resurgence in new home starts in the next 4-6 months , so a lot of labour will be redirected.