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Perth housing market still hot -

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TONY EASTLEY: We are broadcasting from Terminal 2 at Perth airport where a good number of those waiting in the departure lounge here are wearing fluoro jackets and very big boots. This is one of the biggest exit points for mine workers heading to sites north of Perth.

So, is there a boom or isn't there? It seems it depends on who you are and where you are.

Nothing better reflects the buoyant state of WA than real estate values in the capital, Perth. While there has been a slowdown and some redundancies as mining moves into the production phase, the housing market in the capital is still very much alive and well.

PAUL TONICH: You know, at one stage we had a thousand people a week arriving in Perth and that was quite phenomenal because they come here looking for work, a lot of them find it really hard to get accommodation. And so we get a lot of house sharing going on.

We recently checked on a property which was an apartment and it had a storeroom, and we found a bed in the storeroom in the car park with a wardrobe in it and a bucket.

TONY EASTLEY: Paul Tonich is a director of Altitude Real Estate here in Perth.

PAUL TONICH: The talk that the mining boom's over is something that has been around forever. People talk about it all the time because I think once you're on a good thing we seem to be pessimistic. And I think people love pulling that market down and it's something that as Perth people we're pretty used to.

TONY EASTLEY: So from what you've seen, the mining boom isn't necessarily over.

PAUL TONICH: No, if not the last six to eight weeks we've seen a real increase in buyers looking to secure top end properties in Perth.

TONY EASTLEY: Who's buying what?

PAUL TONICH: Two different types. There's actually, there's actually obviously the fly-in, fly-out workers which are one category. Then we've got our really our engineers and our senior management. We're seeing a lot of middle management come from India. They're all engineers. They all work in town. They're all very well educated. And they come in to look at these properties and they buy in the communities.

South African contingent will actually congregate again around a number of suburbs in Perth. The English community, you know, is very common and the American community.

TONY EASTLEY: How much do they pay for a house?

PAUL TONICH: Really they're a market that's $1 million up. Your base price probably when you're looking at dealing with these people is anywhere between 2.5 and say 1.5.

TONY EASTLEY: Perth real estate agent Paul Tonich.