"Truth"........... be told..........Adelaide property is as an average......apples to apples, at least 20% to 30% lower than Perth or Brisi, the two towns which saw a massive uptick in property prices due to the mining boom.
Adelaide only saw modest growth during the mining boom. Had Roxby Downs/ Olympic dam happened, it would have been a different story.
And yes outside of a few better parts of Adelaide, everything else is in decline.
And we don't understand why are you getting a hard on already? there's still a full year to go before the car industry fucks off. Wait and see what happens to Adelaide or SA as a whole when ship building and car industry get gutted. It won't be pretty.
P.S. Jobs in Adelaide pay fuck all!..........FYI.
It wasn't in the mining boom that most of the growth happened in prices, it was prior to the mining boom.
Across the board there hasn't been a drop in house prices, Brisbane is another example of a busted boom but no drop in prices.
Now why is that?
doubleview
9 Nov 2014, 08:36 PM
haha, he trolled u the most so yes u have first dibs! Looks like it's prob him whole persona has changed this week end !
Hid it well for a few weeks!
I'm not sure what you are on about to be honest. Maybe you just sobered up?
FHB have been very active in the WA market in the previous 2 yrs, even though since Sept grant apps have dropped. This is in cross reference to FHOG established props in reduction of transfer duty free threshold from that $500 k to $430k fom 1st July.
.low IR and Stamp duty exemption have enabled those FHB group to take advantage ...
The softening of rents (realize not all Perth investors have had to reduce their rental rates, yes it's happened to soe but not all & it's getting quite tiresome & exaggerated by the morons who do like very bad news) most will not be anticipating great rental rate increases realistically for the time being).
Prices have dropped (depends where) but there's certainly no crashing ..nothing to get excited about.
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.
haha, he trolled u the most so yes u have first dibs! Looks like it's prob him whole persona has changed this week end !
Hid it well for a few weeks!
He's goes at me and my threads, I thought it was sydneyite, but perhaps its timmy, I have not paid that much attention. Its usually just a one line attack that has nothing to do with the topic..
So is that you Timmy ?
Did you lose your job ?
What happened to the $120 a tonne iron ore we would see soon, its heading towards $60 now, bout half what you thoughtit would be ?
Its up almost 15% from last month alone. Unbelievable
Look at the other capitals, Sydney, Brisbane, Perth ,Adelaide, Canberra all up over 10% from last month.
Looks like investors are either cashing out, or, rushing for the exits.
Look at the reality.....look at your post..... Just because you recently leveraged your daughter into possibly one of the worst and most risky real estate markets on the planet, we know suffer the delusion.
Look at the facts buddy, not the fantasy in your head.
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