Perth houses prices on the way up

is consistent with what is going on on the ground - rising prices in the Perth area yet Mandurah struggling. High end stuff is flying out the door from all accounts

http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=43138

We were just pipped at the post with an offer this week. It seems there's still lots of people trying to buy but the properties being sought after are a very small subset of the market.

I guess if high end properties are what is selling at the moment, this would explain the rise in the median price, but not reflect an overall increase in the market.
 
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