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When does the rental lease expire? New rental might bring 3.5% perhaps? Top of the market is not a day, a week or a month. It can be a year!

I heard there is a shortage of bricks. If you want to build, you have to wait for materials and for builders to find the time for you, in a long list of orders.

Yet another major find in WA The boom in WA will probably last a bit longer than what anyone thinks, but time will tell. A lot of money sloshing around WA. http://theaustralian.news.com.au/story/0,20867,19780650-643,00.html

All major booms are usually followed by 'bursting of the bubble' at worst, or a long period of consolidation thereafter. How high will the Perth boom get to? No one can possibly know because it depends on: 1. The madness of crowds. 2. How much more interstate migration from Eastern...

The running of the herd continues Booms can often last longer than what the more conservative investors think. The trend players rush in. Early entrants always make money (matter of how much), late entrants can sometimes get burnt...

I doubt anyone is expecting to see that rapid price rise of the past 2 years continue indefinitely. There are limits to 'affordability'. A look at all the other capital cities would be indicative. Perth's boom took place much later than in the Eastern states. It will probably be the last...

China confirmed economic growth at 10.3% p.a. last week. The mining boom is set to continue for at least another year. http://www.theage.com.au/news/business/minerals-sector-to-soar-higher/2006/06/26/1151174132421.html That money will flow to shareholders, workers (good pay and annual...

:D Stamp duty on house price in Melb. are the highest in Oz. $630K will not buy much in the prime inner suburbs in Melb. these days.

:D Was there a change in the weather during the day, from hot to cold? :D It boils down to whose crystal ball you want to believe. At the 'frontline' though, are auction biddings still at a frenzy? When the market softened in Melb., there were some house auctions I attended, where no...

Article is from The Age newspaper website. Saul Eslake is ANZ's Economist.

The Boom in Perth WA in the driver's seat on commodities road to riches May 27, 2006

Boom time in Perth The investors who bought properties in Perth 2 to 3 years ago (or earlier) are laughing all the way to the bank. From a newspaper article. WA rocks: making room for the boom May 27, 2006 A surging mining industry has the West Australian economy humming along like...

Based on what I have read in the Financial Review and BRW, new Mining Engineers (graduates) are starting at around $110K to $120K p.a. Experienced mining engineers and geologists are getting around $500K p.a. Trades people are getting around $80K to $120K p.a. in the mining sector...