chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
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2.2% unemployment rate.
I live 70 metres from the beach and pay $260.00 per week for a 4 X 2.
Reality check with the Perth (WA) housing prices. Nothing is moving and infact it is coming down.
Rubbish.
Mandurah's unemployment rate is still double that of the rest of WA. (http://www.abc.net.au/stateline/wa/content/2006/s1875864.htm) With youth unemployment anywhere between 20 and 30%.
It still has one of the highest crime rates, and lowest literacy and numeracy levels in Australia. All social indicators are negative when it comes to Mandurah.
The fact that house prices and rents are dipping before Perth indicates that there is not enough intrinsic wealth in Mandurah for continued growth, as ~ 50% of skilled workers in the Mandurah region come from outside of the district.