i have large mortgage 460000 and am 53 and earn 110000 per year. Am i better off selling and downsizing or hanging in there for market to rise?

Really tough call Jasmine, the WA market is still trying to rebalance after the big wages and big prices paid by anyone associated with mining construction years ago.
I would recommend you speak to a good financial adviser about your full financial position and your future needs and goals. No one can give you any sort of advice without knowing all of the facts.
Good luck, I hope it works out really well for you
Regards
Scott

Hi Jasmine

As Scott has mentioned I would highly recommend speaking with a Financial Adviser to fully understand your circumstances before making any decisions.

Thanks

Abby