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How about the alarming front page headline in Monday's West Australian ?? "Mining Giants Forcast Slump" "Major mining companies have warned the world's powerful bankers and finance ministers that the price of key minerals such as gold and iro ore are set to fall, potentially bringing WA's...

Go North young man.... can't put it any simpler than that. Kevin Great thread by the way.....605 and counting. Guess it will die when the local WA market also dies.

What a great thread by the way...goes on forever and ever..... What ever did happen to Kingbrown who started it ? Regarding interest rates and the effect on the market, depends on what segment of the market you are focusing on. Apartment sales may be slowing down, but anyone who...

I'm in Pete's camp. Not based on all the sentiment and hype, but based on what I see on the ground, and from the project and mining people also on the ground where it is all happening. Kevin

Are you saying that they are valued at over $300k at current market value ?? Happy days indeed !! Bit weird as you have a building clause in the contract so that there will not be any resales to provide any market evidence. So I guess you can only go on a comparative block in a later...

LOL.......OIC !!!!!!!!!!! Now I geddit..:D :D :D

Wasn't Rose's subdivided Prix D'amour blocks was it ?? One property at $249 mil. seems a bit steep for Perth. Sounds more like commercial than residential. Kevin

Hi Kev, Yes would definitly shake up the market, and cop a barrage of vested advertising from agents as to why using a full fee agent is best. Pay peanuts get monkeys etc...( If I had a dollar for everytime I heard that line !!! ) There is another mob ( Anreps) who started up someting...

Hi Kevin. What a coincidence, as I am in sunny Qld right now. I know Perth is a long way away, but it still amazes me how few Eastern Staters have ventured over West for a visit. Was wondering if you were looking into expanding over the WA ?? Would be good for the market me thinks...

Don't think that is selfish...... more strategic, if the plan was to sell some eventually. And well done !! Nothing like selling in a sellers market. Have to admit I am doing the same. Placed a $20 advert in the Saturday West Australian and got an offer yesterday. It looks like the...

Steady on! I love this thread! Cheers __________________ Otter Yeah I agree... It will probably keep going till the market turns and everyone loses interest in Perth.

Ain't that the truth !! And it didn't take any concerted effort or special strategy. Whoever was in the market during this current wave have caught a shore ride. Interesting now will be to see who manages to build on this new wealth, and who will manage to lose it. Time for a new set...

Thats when we cecede... Forget all this republican bull... We want to annexe ourselves from the rest of the black hole that is dragging the good ship WA down. Maybe we can attach ourselves to SE Asia...become and extension to Singapore perhaps ? I hear they have a low tax rate, no dole...

Agreed Alex... Thats why I can understand why it need to have a correction ( eventually) Its not around the corner by all accounts. kp

Does anyone have any recollections when the prices went backwards in Perth ? My experience of the market is that its tends to plateau out and stay 'flat' for many years. So this time its going to be different then....the correction we have to have. In the end its all relative right ...

Would not have picked Mossie Park in the top five. Must make their median a scary figure !!

On that basis, there is 10 yrs to go then, as that is the current 'construction' phase for all the projects. The 25 and 30 delivery contracts commence from 2008 and 2010, depending on which project you refer to. Becuase of the acute shortage of skilled laboour, most of the construction...

Strange that Tizzy, I was thinking something similar. I have travelled to all the major cities over east, and more often than not, I meet ppl who have never been to Perth. Nothing wrong with that in itself, but it does make you wonder. What are all the 'expert' commentry based on ?? Perth...

How do the two state economies compare ?? What are they based on ( apart from the obvious mining slant in WA) ? How do the two state governments compare with one running deficits vs one accumulating surpluses ? How are they funding infrastructure projects ? Personally I don't think looking...