Huge growth forecast - Perth

this is a big call from such a respected commentator...20% in 6 months:

Mr Hegney said he was aware of a property in Mosman Park priced at just under $1 million that would probably be worth up to $1.2 million by year’s end, such is demand.

http://www.hegney.com.au/sysnews/118

With so much activity haven taken place at the lower level, the next rung up may be the opportunity?
 
my area is moving hard.

listings on for a week with multiple offers, one place over the road went for $100k more than asking at over $1.2m listing.

rents paying mortgage and outgoings and pm fees and then some, incl deposit.

looking to cash in and free up equity..... thank god for 2006.
 
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