In Perth as in any other city it all depends where you want to live, the prices took a big increase over here when the mining boom started and we had an increase of population chasing housing. The prices have levelled out and in some suburbs even dropped as they rose beyond what they where worth. It is actually a buyers market over here at the moment as there was a massive increase over an 18 month period of available houses for sale, it went from about 7000 houses on the market up to about 16000 which means people can pick and choose and don't have to panic about missing out. Sorry that was off topic.