Perth prices have been going down since 2014, affected much more by mining/resources industry and relationship with China since they buy a lot of the stuff we dig out of the ground. Prices down about 20% since peak in 2014. I actually bought my main home there in 2016 when prices were down about 10% and thought was a good time to buy, I was wrong and have kept going down until today, but not a massive crash. Not like HK that goes up/down 20% in 6 months, I'm talking over a 5 year period. I believe now that after 5 years of downturn is an excellent time to buy, immigration picking up, Qantas just launched new Perth to London direct one of the longest flights in the world, ANA/Japan airlines launching new Perth direct services, etc. Coincide with the AUD plummet in last few months makes it even better to invest in AUD now. So I'm pulling the trigger on this, regardless of whether I move back to Aus end of this year or not, I'm investing more in Perth. Of course I could be wrong .