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If the US goes into recession that affects China's exports, which affects our exports. We may have had a spend-happy government for the last three years, a government willing to throw cash at anything to makes them look better, but with any luck that wont be a problem for the next three years.

Why not? Because yields in P-town are average at best. Each to their own. But you don't need to be a specialist to see that the states are in different stages of the cycle. ONLY if they lose their jobs IMHO. I can't see any fire sales happening unless we see a substantial rise in unemployment.

Better yields and growth prospects over east. Why Perth?