Good point Groundzero, In all the major markets around the world when property prices go into decline it is when the percentage of the population that can no longer afford a house approaches 30-35%. I think W.A. is right about that now. W.A. has a real gullible gambling mentality. All the outlawed pyramid selling schemes, the magic aeroplane schemes etc , not to mention all the developer scams that always catch those that can least afford it, ...these traps always do so well in W.A..Did they get more than their share of convicts or what? Then when they get fleeced they all cry out to the Govt to help them out, and whats worse , sometimes it works! Occam
