No one who knows what they're doing would ever recommend trying to sell the peak, rent the downturn, and buy the lows.

I spent $100,000 to buy a storage facility that grosses almost $10,000 a month.You're essentially betting on appreciation when the market is likely at or near it's peak, in a state that is losing businesses and a large number of upper-middle-class and wealthy people.

Or is it already at its peak and a better choice is to wait?

Real estate prices remain high and the stock market is only down 15% from the peak. 

Since the 2012 peak, average weekly rent in Port Headland has dropped from $2544 to $1133, with avg sale price dropping from $1.2m to $775k, and there is no bottom in site yet.  

Quickly, if you decided to buy a property with 20% down as an investors, say buh bye to a chunk of cash.  

Given that it appears to be near peak for this time period, I would recommend that anybody looking to invest here have the reserves and nerve to weather some fluctuation in the near term.  

As for “peak tech”, we have see that happen over and over again.

(Good-bye guys!) 

When buying in C areas you're always buying at the current value peak in a declining market since the providers that do this can punch holes in the market & sell to you retail while making the profit you will never see.