From RP Data CoreLogic:
There’s a lot of uncertainty in the property market right now.
On the one hand property has boomed in Sydney and
Melbourne triggering concerns of overvaluations and a property bubble.
On the other hand property has dropped in Brisbane
(down 9.1% from its 2008 peak) and Perth (down 18.5% from its 2007 peak)
because of a mining downturn.