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Certainly will, so will employment, and the economy. But if commodity demand and prices continue, it will fuel economic and population growth, which will in turn put pressue on wages and property prices. US govt and big business are quietly confident about their recovery (I guess they have...

Yep, while everyone else is screaming "unaffordability" and "property woes to continue", some of us are going against the herd and getting in while the gettin's good.

Certain areas of East Perth, Vic Park, E. Vic Park, St James

And the headline today... "Perth House Prices Slashed to Sell" :) http://www.watoday.com.au/wa-news/house-prices-slashed-to-sell-20100610-y05n.html All the while the "WA Jobless Rate Plummets Again". In the suburbs I'm watching, I'm actually noticing property selling faster again after...

All water is recycled, it doesn't grow in the sky. Recycling our water just speeds up or guarantees that the water is coming back to us. I'm all for it. Another hypothetical scenario being passed as news... Surely there's still some life in "the perfect storm"?

What a rediculous article that was yesterday. With a medain close to 500k at the moment, if prices doubled in 10 years, the median price would be ~1Mill. Imagine if prices quadrupled in 5 years, the median would 2 Mill by 2015!!

I'll be very surprised if any of us get to enjoy this

Agreed. Some of the points in the article I think are accurate, that is the case that rents are/were in decline or steady and vacancy increased. But how long will that last I think is the important point here. Incidentally, the West Australian is such a rubbish newspaper, it's Today...