Very interesting article. We sold out house around 3+ years ago in Perth because it was pretty clear that prices were going to fall with the mining boom going into bust. Rented for 2 1/2 years then bought 5 months ago as I think the market was close to bottoming.
I reckon it's going to run now. Prices fell and potentially have now bottomed out. Prices in comparison to Syd and Melb are starting to look very attractive. Mining is picking up and commodity prices are looking much stronger. Obviously the significant increase in employment advertisements is a big plus.
Some real estate looks dirt cheap here. Looked at a shack close to the beach at Falcon for $225 and there are apartments close to where I live (5 mins from Freo) for under 200k.
Only concern would be that there are quite a few empty rentals but that could all change fairly quickly.
