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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 (89,606 Views)
Perthite
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skamy
23 Nov 2014, 02:40 PM
Nice made up story you got there Jimbo.

Yes Perthite- there is a big movement of folk from the regions into Perth, I assume we have both just read the Sunday local news.

They reckon it is going to put further pressure on Perth which is already growing in population. It will be interesting to watch the Perth rental vacancy rates over the next few months. There is lots of work coming up in Perth lets hope it is enough to ensure people do not experience real hardship.
It is called a downturn.

Agriculture is doing ok so it is nothing to do with that. :huh:
skamy
23 Nov 2014, 02:40 PM
Nice made up story you got there Jimbo.

Yes Perthite- there is a big movement of folk from the regions into Perth, I assume we have both just read the Sunday local news.

They reckon it is going to put further pressure on Perth which is already growing in population. It will be interesting to watch the Perth rental vacancy rates over the next few months. There is lots of work coming up in Perth lets hope it is enough to ensure people do not experience real hardship.
Pressure on what... centerlink?

So you going to wave the white flag on property anywhere in WA except Perth? Feel free to do that right now.

:bh:
Edited by Perthite, 23 Nov 2014, 02:52 PM.
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Foxy
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Zero is coming...

Move to Perth.
Where does the money come from.
Peter
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Jimbo
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skamy
23 Nov 2014, 02:40 PM
Nice made up story you got there Jimbo.

Made up? Why make up a story that has been played out in every manufacturing and engineering business in Australia?

Where do you think the Dongas are made for our minesites? They used to be made in great quantities at places like Ausco and Nomad in Perth. Now they make them in China and Thailand because even with high shipping costs they come out at half the price of a locally built unit. Same goes for ore crushers, conveyors and ship loaders.

The reason for this is simply that Australian wages are too high compared to our direct competition in Asia.

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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Perthite
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Mustapha Mond
23 Nov 2014, 02:54 PM
Move to Perth.
Where does the money come from.
Peter
Not from people moving interstate. They have stopped coming.

Money from the open door to the third world perhaps?
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Jimbo
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skamy
23 Nov 2014, 02:40 PM
Nice made up story you got there Jimbo.

If you like made up stuff, try reading the headline of the thread you started called "Perth sales up 22% etc. etc."

Last weeks house sales were 694 which is the lowest number since 30th June. That is not a 22% increase?

You like your data so could you shed any light on the fact that the RP Data index number for Perth is down on the quarter and only up on the year by a below inflation number of 1.8%?

This is with record low interest rates and low unemployment.

While you are at it, explain why realestate.com.au sales listings for greater Perth are up 29.27% in six weeks from 12936 to 16722?

You claim that economic conditions are perfect and getting better for the housing market but the housing market doesn't seem to agree with you?

Why is that?

Is it maybe because you are wrong?



Edited by Jimbo, 23 Nov 2014, 03:31 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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skamy
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Mustapha Mond
23 Nov 2014, 02:47 PM
Maybe this is why more highrise is coming to Perth.

Can't pay the mortgage??
No problems step right this way sir.


http://www.zerohedge.com/news/2014-11-22/hard-landing-imminent-china-reminds-residents-it-illegal-jump-tops-buildings


Peter

Peter

Zerohedge is not your friend it is a nice place made especially for the angry disenchanted ones, I so find .

:dry:
Perthite
23 Nov 2014, 02:49 PM
It is called a downturn.

Agriculture is doing ok so it is nothing to do with that. :huh:

Pressure on what... centerlink?

So you going to wave the white flag on property anywhere in WA except Perth? Feel free to do that right now.

:bh:
Property in the rest of WA is in a really bad downturn and has been for years. Ask Peter he got some great deals down the Margaret River.


There are huge discounts on regional properties - up to 40% down from peak, why don't you go pick up a bargain for yourself?

You tell us all you won't buy unless prices fall 40% well there are plenty of places in regional WA where this has happened. One day those prices will come back and you can do very well for yourself. WA is a rich growing State with a great long term future. What is stopping you from buying at bargain basement prices?

You are insisting that there is going to be a huge crash in Perth yet Perth is growing, has extremely low unemployment and lots of work coming down the track. Take the bargain you can get not the fantasy one that you dream of.

Edited by skamy, 23 Nov 2014, 04:06 PM.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Perthite
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skamy
23 Nov 2014, 03:53 PM
Peter

Zerohedge is not your friend it is a nice place made especially for the angry disenchanted ones, I so find .

:dry:

Property in the rest of WA is in a really bad downturn and has been for years. Ask Peter he got some great deals down the Margaret River.


There are huge discounts on regional properties - up to 40% down from peak, why don't you go pick up a bargain for yourself?

You tell us all you won't buy unless prices fall 40% well there are plenty of places in regional WA where this has happened. One day those prices will come back and you can do very well for yourself. WA is a rich growing State with a great long term future. What is stopping you from buying at bargain basement prices?

You are insisting that there is going to be a huge crash in Perth yet Perth is growing, has extremely low unemployment and lots of work coming down the track. Take the bargain you can get not the fantasy one that you dream of.
Care to give a forecast for Regional prices over the 2015?

haha... then ask me again why I would not buy.

Your comment will be saved.

Perhaps along with it you can explain how they will see growth while people leave to the big smoke and unemployment surges.
Edited by Perthite, 23 Nov 2014, 04:16 PM.
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Foxy
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Zero is coming...

skamy
23 Nov 2014, 03:53 PM
Peter

Zerohedge is not your friend it is a nice place made especially for the angry disenchanted ones, I so find .

:dry:

Property in the rest of WA is in a really bad downturn and has been for years. Ask Peter he got some great deals down the Margaret River.


There are huge discounts on regional properties - up to 40% down from peak, why don't you go pick up a bargain for yourself?

You tell us all you won't buy unless prices fall 40% well there are plenty of places in regional WA where this has happened. One day those prices will come back and you can do very well for yourself. WA is a rich growing State with a great long term future. What is stopping you from buying at bargain basement prices?

You are insisting that there is going to be a huge crash in Perth yet Perth is growing, has extremely low unemployment and lots of work coming down the track. Take the bargain you can get not the fantasy one that you dream of.
THERE IS JUST NO RETURN HERE IN PERTH.

Margaret River is now growing like crazy.

Try to get a builder there now.

Blocks are selling fast.

But still if you sell in Perth you can buy better quality houses for much less.

But you got to be able to live in the environment.

People generally need lots of people around them so they crowd into cities.

If a girl is a whore in her small home town it is hard to hide the shame.


In a large city she can go unnoticed.

So i suppose in the long term big cities are the way to go.

Peter
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lulldapull
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Skammy, do you actually work? because your responses are disconnected from reality.

And I mean big watermelon time! :lol
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John Frum
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Mustapha Mond
23 Nov 2014, 04:23 PM


If a girl is a whore in her small home town it is hard to hide the shame.


Maybe if property prices weren't through the roof she wouldn't need to be a whore.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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