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Keep booming Perth, pleeeeease!

Okay, interesting. So this GFC thing, it happened and didn't affect us in any way, hubby's superannuation faltered a bit, but then grew at 12% the whole way through. My dad's super dropped $150K in a very short time and he pulled it all out (think he's hiding it in a sock somewhere). My...

Thanks WM, what happened in 2008? In 2007 we bought our PPoR and I had to pay $10K over asking price to secure it. That was at the time when you'd see people camping out to get a H and L package. So I assume that was the peak, and then 2008 was that a correction?

So when a market reaches a peak, what happens, do some areas stall and then fall back, followed by more desirable areas following suit? Or does everything stall and stay stalled, or stall and fall back all at once? Typically how long does a market stay flat after it's reached the peak? or is...

I think nearing the peak, but nothing would surprise me.