Mining is picking back up but debt stress in WA increased 68% in December 2018 compared to same time previous year.
There is huge income inequality in Perth.I suspect that the financial literacy of many of these high income earners is seriously lacking and that many are "swimming naked" with regards to debt levels, but that's just speculation based on some conversations with friends and colleagues.
The two speed economy in WA makes it difficult to even guess how much longer the Perth property market as a whole will tank.
