Be interesting to see how far perths housing prices go over the next 3-5 years , I recon at least a 30% drop from their peak. With the mining boom finishing up and barrow Island and wheatstone projects due to finish soon too the booms then really over, you only have to look at the amount of rentals around now , there not shifting and people are slashing rents. WA went from the cheapest place to live in Australia to the dearest on the back of the boom.. The boom is over and WA still being the same as it was prior to the boom it's going to go back to how it was before.