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Analysis: the property boom waiting to happen

If Peter Slipper was “an accident waiting to happen”, as some people are saying after the event, why can’t it be said that the Western Australian property market is “a boom waiting to happen”?

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What analysis? all i could read was an opinion, maybe Tim should read the articles about the fact not everyone is benefiting from the resources boom. Yes, even in WA there is a two speed economy..property prices aint goin nowhere except down..

WA property is expensive, couple that with the long term debt commitment, diminishing mining boom, & uncertain world economy. The conclusion is that most property non-owners would rather rent than buy.

Perth
2 subjects of commentary. Tim, I agree that we are on the threshold of another boom in Perth property. My take is that prices reached such ridiculously high levels in the pre-GFC period that it was (still is?) much cheaper to buy & build or, as you've suggested, rent because buyers would struggle to afford the size of the loan needed to own. I think there are already signs that the sentiment is turning. On the matter of economic data / reports, I've noted that WA has atop these reprots for years now. Much more interesting though is that, since the floods in QLD when they fell away from the No2 spot, the consistent 2nd runner has been Canberra!! How is possible for a state that produces nothing (lots of unused hot air perhaps) can remain so firmly entrenched in that spot? The morons in Parliament House have virtually no intellectual capacity to analyse that objectively, since the only conclusion is that Canberra has been expanding, almost criminally on public money. Where is the fiduciary responsibility to manage our finances with restraint & due diligence? Regards Keith Barridge

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