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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 (89,622 Views)
Jimbo
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newjez
6 Sep 2014, 04:27 PM
Christ, you'll be able to shop on a Sat afternoon next, and buy beer on Sundays. The place is falling apart.
Shit yeah, I remember those days when Perth shut at 12.00 on Saturday. Roster servo's and 2 hours of pub opening on a Sunday.

We have Sunday opening now and Perth is almost like a normal city.

7-11 will make it almost complete and an Aldi or two would seal the deal.
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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newjez
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Jimbo
6 Sep 2014, 04:37 PM
Shit yeah, I remember those days when Perth shut at 12.00 on Saturday. Roster servo's and 2 hours of pub opening on a Sunday.

We have Sunday opening now and Perth is almost like a normal city.

7-11 will make it almost complete and an Aldi or two would seal the deal.
Dragged kicking and screaming into the 20th century.
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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Jimbo
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newjez
6 Sep 2014, 06:29 PM
Dragged kicking and screaming into the 20th century.
With 22nd century house prices.
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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Veritas
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Quote:
 
Sweden has not crashed it has stagnated for several years, you are a sucker for these doom and gloom headlines read the articles and you will see that Sweden has a major undersupply issue.


Why do you insist on being obtuse?

I already posted links to the Swedish banking bailout. If you paid attention to these things ( and you clearly don't) you would know that the rescue of the Swedish financial system after the collapse of its property bubble became a template for financial system crash resolutions often referred to after the GFC.

Here, educate yourself: http://www.nytimes.com/2008/09/23/business/worldbusiness/23krona.html?_r=0

As for the rest of you post, lets just say you are profoundly stupid and leave it at that.

Others have tried on the WA threads but they are wasting their time. Your'e clearly something of a retard.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Perthite
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GST issue is dead.

https://au.news.yahoo.com/thewest/a/24915016/barnett-abbott-in-gst-war/
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Admin
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Perth property confidence collapses

SHANE WRIGHT ECONOMICS EDITOR The West Australian October 15, 2014, 8:33 am

Perth property confidence collapses Perth property confidence collapses

Confidence in the Perth property market is collapsing, a new national survey has found, with warnings the city will be the national laggard on prices for the next two years.

NAB's residential property survey, released this morning, shows Perth home owners expect prices to climb by less than one per cent over the coming year.

It is even worse for landlords, with rents expected to fall over the next two years.

In contrast, property owners in Melbourne, Brisbane and Sydney are expecting solid gains in prices and rents next year and into 2016.

Confidence in the Perth property market is now at its lowest level on record with most of the fall taking place over the past six months.

NAB chief economist Alan Oster said the survey had found strong activity by foreign buyers in all States. In Victoria they accounted for almost one in every four new property sales.

Another issue uncovered by the survey was housing affordability concerns linked to growing concern among homeowners about the state of the jobs market.

Read more: https://au.news.yahoo.com/thewest/a/25262904/perth-property-confidence-collapses/
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Veritas
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BUT, BUT, BUT...How can this be?

Skamy, some Gloomer has infected the State's only daily newspaper.

Sort it out.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Blondie girl
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Same poo just different day.

The media is notorious for highlighting every poss & neg that occurs in R/E, conflicting data is often displayed on the same day.
It's just bizness as dual for those investors/owners who can realistically maintain.

Just keep paying the rent that's not going to stop
Not ever.

Never, ever.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Elastic
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So Skamy leaves Perth for a holiday and the property market sentiment collapses.
It couldn't cope with the loss of so much positive sentiment all at once.
Only a rat can win a rat race.

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Blondie girl
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Quick panic stations , Perth is down in the dumps there's no confidence ..boo hoo it's all over.

But .. Hangon, I'm not leveraged up .. :oo:


It's those who are not financially brave that are not coping ATM.

Now lets see..

Some one brave bought 86 Homer st Dianella ...

Rob Harwood reckons it got sold on the first day....

It's really a Homer Simpson moment

:lol
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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