Edited 16 Mar 2016 10:37, 5 years ago, edited by locojoe67

Perth suburban area 3-5km from the Airport is only marginally cheaper than Sydney CBD for family of 4. I'm talking 10-15% cheaper

In economic terms, regulated markets mean price signals are neither accurate nor timely.

In other words, the fact that Perth prices are comparable to Sydney is neither here nor there. The mining boom resulted in many marginal businesses opening that survived on high prices due to artificially stoked high demand for their products. When the demand weakens, businesses that fail to adjust to the new reality by adjusting pricing accordingly will go bust.

Anecdotally there's also a lot of people leaving the West

Behaviour is more important that what is said.

However if you listen to the WA government

Of course they would say that. Like any business owner talking up prospects.

Who do you believe?

Certainly not the mainstream keynesians.

Edited 16 Mar 2016 10:37, 5 years ago, edited by locojoe67

Perth suburban area 3-5km from the Airport is only marginally cheaper than Sydney CBD for family of 4. I'm talking 10-15% cheaper

In economic terms, regulated markets mean price signals are neither accurate nor timely.

In other words, the fact that Perth prices are comparable to Sydney is neither here nor there. The mining boom resulted in many marginal businesses opening that survived on high prices due to artificially stoked high demand for their products. When the demand weakens, businesses that fail to adjust to the new reality by adjusting pricing accordingly will go bust.

However if you listen to the WA government

Of course they would say that. Like any business owner talking up prospects.

Who do you believe?

Certainly not the mainstream keynesians.

Edited 16 Mar 2016 10:35, 5 years ago, edited by locojoe67

Perth suburban area 3-5km from the Airport is only marginally cheaper than Sydney CBD for family of 4. I'm talking 10-15% cheaper

In economic terms, regulated markets mean price signals are neither accurate nor timely.

In other words, the fact that Perth prices are comparable to Sydney is neither here nor there. The mining boom resulted in many marginal businesses opening that survived on high prices due to artificially stoked high demand for their products. When the demand weakens, businesses that fail to adjust to the new reality by adjusting pricing accordingly will go bust.

Who do you believe?

Certainly not the mainstream keynesians.

Edited 16 Mar 2016 10:32, 5 years ago, edited by locojoe67

Perth suburban area 3-5km from the Airport is only marginally cheaper than Sydney CBD for family of 4. I'm talking 10-15% cheaper

In economic terms, regulated markets mean price signals are neither accurate nor timely.

In other words, the fact that Perth prices are comparable to Sydney is neither here nor there. The mining boom resulted in many marginal businesses opening that surviving on high prices due to artifciially stoked high demand for their products. When the demand weakens, businesses that fail to adjust to the new reality by adjusting pricing accordingly will go bust.

Who do you believe?

Certainly not the mainstream keynesians.