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The Perth Property Crash Thread; Let us enjoy the inevitable collapse as it unfolds in WA
Topic Started: 13 Aug 2014, 12:28 AM (89,651 Views)
doubleview
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Mike
16 Aug 2014, 10:23 PM
You tell me, the bears like to think they have all the answer despite getting nearly everything wrong most of the time.
Wrong in your mind only!

The bears are on song regarding Perth thus far!
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Jimbo
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doubleview
16 Aug 2014, 10:41 PM


The bears are on song regarding Perth thus far!
Latest news from my selected three southern suburbs excel spreadsheet.

Stock on market on 19th July 266, today 293.

Rentals available on 19th July 67, today 79.

I am also getting a very good picture of which price bands are moving (or not).

Anyone thinking of buying in the over 600k band south of Cockburn, hold off for a while. These places are not even being viewed let alone bought.

Turnover in the very low priced areas (300k to 350k) is normal but over 350k it is slowing.

Just thought I would share that.


Edited by Jimbo, 16 Aug 2014, 11:00 PM.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Josh
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Jimbo
16 Aug 2014, 10:59 PM
Latest news from my selected three southern suburbs excel spreadsheet.

Stock on market on 19th July 266, today 293.

Rentals available on 19th July 67, today 79.

I am also getting a very good picture of which price bands are moving (or not).

Anyone thinking of buying in the over 600k band south of Cockburn, hold off for a while. These places are not even being viewed let alone bought.

Turnover in the very low priced areas (300k to 350k) is normal but over 350k it is slowing.

Just thought I would share that.

Amazing, you are an expert on Perth AND China. Combined with the power of an excel spreadsheet you must be a force to be reckoned with.

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Mike
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doubleview
16 Aug 2014, 10:41 PM
Wrong in your mind only!

The bears are on song regarding Perth thus far!
Really? Since I called the start of the Perth rally back in September 2011 Perth has added almost $100,000 to the median cost of a property in just 2.5 years.

I think anyone would call that an increase.

Lets see how things pan out over spring and summer, I think you will be eating humble pie yet again.
Jimbo
16 Aug 2014, 10:59 PM
Latest news from my selected three southern suburbs excel spreadsheet.

Stock on market on 19th July 266, today 293.

Rentals available on 19th July 67, today 79.

I am also getting a very good picture of which price bands are moving (or not).

Anyone thinking of buying in the over 600k band south of Cockburn, hold off for a while. These places are not even being viewed let alone bought.

Turnover in the very low priced areas (300k to 350k) is normal but over 350k it is slowing.

Just thought I would share that.

The data I am looking at which includes the entire metro area of Perth is showing sales are strong in the $450-$600k price band and also strong in the $600-$800k price band. Over this the market has slowed a little but that is after some strong gains for the top end over the past year.

If you look on pure sales volumes the $600-800k price band is selling more properties then the lower band and has been doing so for the last 6 weeks. Prior to the last 6 weeks, cheaper properties had been doing better but that has reversed at present.

I expect to see strong competition for quality properties in the middle price bracket over the next 6 months which will drive the market.
Edited by Mike, 17 Aug 2014, 01:23 AM.
http://mike-globaleconomy.blogspot.com.au/
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doubleview
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Mike
17 Aug 2014, 01:18 AM
Lets see how things pan out over spring and summer, I think you will be eating humble pie yet again.
I've never eaten humble pie boy , only been on the money this is not rocket science!

Check the predictions thread boy !
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Foxy
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Zero is coming...

Foxbat told me today that some parts of the Perth market have simply stopped.
Job losses are getting brutal.
Perth is in for a whole world of pain.
Peter
Edited by Foxy, 17 Aug 2014, 01:33 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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doubleview
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Mustapha Mond
17 Aug 2014, 01:32 AM
Foxbat told me today that some parts of the Perth market have simply stopped.
Job losses are getting brutal.
Perth is in for a whole world of pain.
Peter
Sand paper sex toy pain !!
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newjez
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doubleview
16 Aug 2014, 10:41 PM
Wrong in your mind only!

The bears are on song regarding Perth thus far!
Perth has gained 3% in the last five years, iron ore is down 50% from its high, the dollar is down 20% from its high, and that fucking moron keeps telling me I'm wrong! I don't get it. Do they give finance diplomas to morons these days? I notice he didn't say where it was from. How much is a fake diploma these days?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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doubleview
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newjez
17 Aug 2014, 02:45 AM
Perth has gained 3% in the last five years, iron ore is down 50% from its high, the dollar is down 20% from its high, and that fucking moron keeps telling me I'm wrong! I don't get it. Do they give finance diplomas to morons these days? I notice he didn't say where it was from. How much is a fake diploma these days?
Ha ha yes these disillusional farks are very disturbing !

I dont know but Perth wannabe tycoons like mike are good entertainment.
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Jimbo
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Mike
17 Aug 2014, 01:18 AM
I expect to see strong competition for quality properties in the middle price bracket over the next 6 months which will drive the market.
Based on that bit of insider knowledge that you are keeping close to your chest no doubt?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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