Newbie from downunder - Perth, Australia

[Terry Power]

G'day all,

I hail from Perth Western Australia and I'm keen to roll my sleeves up

I've been surfing the BP site for about a month now; I've watched a couple of dozen podcasts, read a bunch of articles and delved into the forums. 

I think the BP site is amazing, I love the fact that it is such a generous group of people who clearly have an abundance mentality; that is not trying to grab as much as the property pie as possible but rather seeking ways to make the pie bigger. 

So i have question, but first some context: The deals on America astound me; I'm amazed firstly how cheap you are able to purchase houses. i appreciate there are expensive houses to, but the median house price in Perth is well above $5000,000

So my question is, do you think it is possible to get deals in Western Australia using the 70% rule? Or is it a different ball game altogether over here?

Thanks guys, 

Terry