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I really don't think either city is over priced. For Perth you can buy a 4x2 on 700m block around Rockingham for about $370k. I just built a 4x2 near camden for about $430k. That is not over priced. People have to live near where they can afford to buy and if it means 50km straight line from the...

They are not over priced. I moved from Perth to Sydney 4 years ago to buy a property because it was better value for money at the time.