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I'd say he's dreaming and still 15%-20% from the highs.

The apartments are feeling the pinch but not as much as anyone who paid $3M for a canal property 2 -3 years ago and id forced to sell it now at half price to cover his debts. :D Anyone who bought before 2005 is probably still sitting on some nice profits. I was looking at some nice display...

Why would you rent a place in the Northern suburbs and then drive 70Kms to work in Kwinana ? :D Most of the industrial area is now concentrated in the Coogee - Rockingham - Maddington triangle and driving distance from Joondalup or Mandurah to work would be about the same. By renting in...