Perth property is slowing and more chance than not of slowing more the simply fact of an above average number of properties on the market is evidence of this.
Based on your borrowing and repayment level you would be looking at a property around $400K
You could probably rent a similar place for about $1500/ month
This means doing nothing else you could save almost an additional $20k over the next 12 months just by banking the difference between what you can pay and what you need to pay in rent
A further 10% drop in property values over the next 12 months (something that is very possible) and look at buying then in a $60K better position than you are now.
Properties stabalise over the next 12 months and you are still in a $20K better position
5% increase over the 12 months period (highly unlikely IMO) and you are in the same position you are now.
Also taking into account ares like Rivervale that have seen a lot of property development specualtion done over the last few years. This should see a good supply of properties on the market as investors lock in profits or cut short losses.
