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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 (89,589 Views)
Blondie girl
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Jimbo
9 May 2015, 07:35 PM
I don't need to prove anything.

I have expressed a point of view. I have used the words "I think" and placed ? marks at the end of some of my sentences.

But how would you explain 1229 properties being leased last week and a nett gain of 250 properties still available for rent? (numbers from the same source).

Does that seem like a normal market to you?
Yes
You have protected yourself from saying '"I think"

Opportunity does occur to those who do well... who have the funds to do whatever and look elsewhere..

Its an interesting market ATM for me and I consider it a mix of opportunity and humble pie..(from a rental perspective depends on the mediations on whatever vacancy in IP'sI have in the future)..
Hey Jimbo....

tick tock.....
Edited by Blondie girl, 9 May 2015, 07:45 PM.
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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Jimbo
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Blondie girl
9 May 2015, 07:42 PM
Yes
You have protected yourself from saying '"I think"

I try not to post opinion as fact and when I post a fact, I back it up with some numbers and a source.

Quote:
 
Opportunity does occur to those who do well... who have the funds to do whatever and look elsewhere.
Which is what I have been doing for the last 11 months. My nett worth has increased by 15% in the last year as a result of "looking elsewhere".
Edited by Jimbo, 9 May 2015, 08:49 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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Foxy
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Zero is coming...

Jimbo
9 May 2015, 06:56 PM
I think the Perth rental market is about to break.

My RE friend tells me he is selling a lot of cheap houses to investors. Much more than usual.

Lowering interest rates are encouraging investors to add to their portfolios. They don't seem to care that the rental market is slackening a bit. They can just present their property a bit better, charge a bit less, allow pets, offer the first week free and get the tenant.

This forces the rest to do the same and we end up with a deflationary spiral in the rental market?

If you have 10 properties in your portfolio and a 50 basis point cut in interest rates, you can finance an 11th property with the mortgage payment savings.

If a lot of people think the same way, you end up with a lot of new rental properties competing for a dwindling pool of renters.

I think we are seeing this right now.





Jimbo we call it peaking.

After that there is nothing in the tank.

Maybe the wife/husband could throw a nice blowjob in to seal the deal :bh:

Nothing like seeing a landlord on her knees.

Peter

Inspect this unit bitch.

https://www.youtube.com/watch?v=dIDekdv8Sio

After all the rent has to be "collected"

https://www.youtube.com/watch?v=gkB4DkiPhvA
Edited by Foxy, 10 May 2015, 01:09 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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newjez
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Jimbo
9 May 2015, 08:46 PM
I try not to post opinion as fact and when I post a fact, I back it up with some numbers and a source.


Which is what I have been doing for the last 11 months. My nett worth has increased by 15% in the last year as a result of "looking elsewhere".
I'm sure scabbes can find somewhere she has a house that's beat that.
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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Admin
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Perth's highest residential landlord vacancy rate since 2009
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Veritas
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Alex Barton
29 Jun 2015, 10:04 AM
Well, well.
According to that article there is a glut of rentals in Baldivis.
Baldivis has been throwing up new builds for the last couple of years and has been the most popular suburb for first time buyers according to WA Treasury data.
This is either evidence of FTBs as investors, just investors, or a combination of both feeling the heat.

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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beardybullbull
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Veritas
29 Jun 2015, 11:51 AM
Well, well.
According to that article there is a glut of rentals in Baldivis.
Baldivis has been throwing up new builds for the last couple of years and has been the most popular suburb for first time buyers according to WA Treasury data.
This is either evidence of FTBs as investors, just investors, or a combination of both feeling the heat.
Or FIFOs made redundant and having to move back home

Hope they are positively geared....
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Perthite
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Surprised to read WA has the market most dominated by Investors of any state.
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newjez
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Perthite
29 Jun 2015, 02:21 PM
Surprised to read WA has the market most dominated by Investors of any state.
Why does that surprise you? It's neg gear heaven. Do you need a tenant to neg gear?
Edited by newjez, 29 Jun 2015, 02:53 PM.
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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Foxy
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Zero is coming...

newjez
29 Jun 2015, 02:52 PM
Why does that surprise you? It's neg gear heaven. Do you need a tenant to neg gear?
Yes you do.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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