The last figure in the REIWA chart is not reliable - some property club they are- eejits
Even Perthite knows the last figure is just bunkum.
Don't be such a gloomster. The whole article is a protest of investor victimization caused by greater credit constraint. Property Club is fighting for you and the preservation of what you believe in.
Sydney had a similar decade-long decline in its price/income ratio immediately prior to the current boom kicking off in 2012.
Well that chart looks very similar to the gold chart over the same period but the Perth downturn is worse. By your reasoning shadow Gold is set for a big boom like Sydney.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Well that chart looks very similar to the gold chart over the same period but the Perth downturn is worse. By your reasoning shadow Gold is set for a big boom like Sydney.
Maybe in a few years, not that it will do you any good.
Well that chart looks very similar to the gold chart over the same period but the Perth downturn is worse. By your reasoning shadow Gold is set for a big boom like Sydney.
Maybe in a few years, not that it will do you any good.
Why because I don't own any gold and if I did wouldn't be prepared to sit on it for 20 years until I retired? I'm not a gambler like you, I didn't leverage my ppor to speculate on city real estate. I paid my home off and am hunkered down financially for what I see as a repeat of the 1930's. For the last 7 years that strategy has proved very fruitful. I made money on the gfc, my last gamble, and am now sitting back with a big box of popcorn to watch the end of the debt supercycle.
I know people who leveraged their homes to by re and businesses, and they did quite well. But that was last century shadow, back when the global economy was still growing on cheap oil. You're trying to follow in their footsteps and think nothing can go wrong. But even they back then had a healthy respect for the dangers of debt. You will lose it all. I am quite confident of that. The next leg down, the next GFC will be the tombstone for all the over leveraged speculators.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
00 - Interest rates will rise 01 - Banks won't pass on interest rate cuts 02 - Banks will tighten credit 03 - Unemployment will rise 04 - US subprime will spread to Australia 05 - GFC 06 - AUD will fall 07 - AUD will rise 08 - Peak oil 09 - Money supply will crash 10 - Housing stock levels will go up 11 - Auction clearance rate will drop 12 - Immigration will be cut 13 - Shortage myth will be revealed 14 - Iceland volcano 15 - GFC II 16 - Iranian oil bourse 17 - Baby boomers will all sell on the same day 18 - Land tax will be introduced 19 - Hyper inflation 20 - Deflation 21 - Stagflation 22 - Greek default 23 - Spanish default 24 - (insert European country) default 25 - Israel will nuke Iran 26 - Climate change 27 - Bird Flu 28 - Mad Cow disease 29 - European sovereign debt buy up 30 - Iron ore price falling 31 - Government will stop bailing out housing sector 32 - End of Mining Boom 33 - Capital Gains Tax 34 - End of Negative Gearing 35 - Banks will make mass illegal margin calls on housing loans 36 - North Korea Missile Crisis 37 - Irrational Exuberance 38 - US Fiscal Cliff / default 39 - Negative feedback loop 40 - Reach some kind of tipping point 41 - SMSF will reduce tax concessions 42 - Slight variation on value will cause panic selling among investors 43 - The Taper 44 - Removal of FHB grants in NSW, VIC and QLD 45 - First Home Buyer Strike 46 - Abolition of the First Home Saver Account 47 - Ponzi scheme will 'collapse under its own weight' 48 - Renters will go on strike 49 - Wulfie's kiss of death 50 - Chinese shadow banks 51 - Ebola outbreak 52 - Prolonged period of low interest rates encouraging marginal buyers 53 - Housing construction boom slows 54 - Government enforces law against foreign purchases and Chinese depart the market 55 - APRA will enforce macroprudential regulations
Did you make that list yourself? Fuck you must be terrified to bother researching all that shit. I just buy depreciated assets that have obvious potential and forget about them for a decade or 2 as they go up. I have never bought into the top of a bubble like you, certainly have your work cut out.
Don't forget the sell rule!
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
I just buy depreciated assets that have obvious potential and forget about them for a decade or 2 as they go up. I have never bought into the top of a bubble
When you posted as FrankRider and Goldbug, you told us you were buying gold in in 2011 and 2012 when it was between $1500 and $1800. At that time, you told us gold was going to the moon. And then it crashed. So you did buy at the top of the bubble, and now prices are lower then when you bought. No wonder you ditched those socks.
But yeah, if you keep holding for another couple of decades then you might get to die with your shoebox being worth a bit more than it is today. That will be a massive win. You've just confirmed what I always said... goldbugs never sell. They die with their little hoard still intact, it having provided them with zero income and zero benefit during their lives.
Did you make that list yourself? Fuck you must be terrified to bother researching all that shit. I just buy depreciated assets that have obvious potential and forget about them for a decade or 2 as they go up. I have never bought into the top of a bubble like you, certainly have your work cut out.
Don't forget the sell rule!
So you buy old cars and let them rust on the front lawn of your bogan rental palace waiting for scrap prices to rise? Got it.
My only hope for my three boys is that they turn out nothing at all like Chris.
Perth is only going one way mattie, in the direction of your retirement wealth. Down Down Down.
Quote:
Property Council of Australia executive director Joe Lenzo said the inner-city office vacancy rate was now about 16 per cent and would be about 20 per cent by year's end.
"Right now it's a tenant's market, no question about it," Mr Lenzo said.
commercial is always the canary in the mining state. No work = no pay = falling property prices
Quote:
Residential rents are also falling. Perth residential vacancy rates have risen to 4.9 per cent, according to the Real Estate Institute of Western Australia (REIWA), just three years after an emerging rental crisis occurred in Perth where vacancy rates dipped below 0.7 per cent.
The number of houses, units and blocks of land for sale in metropolitan Perth has now surpassed 14,000.
Craig Kelson, of Kelson Real Estate in Carlisle, south of Perth, said many sellers were pricing their $500,000 to $600,000 homes about 5 per cent too high.
"You have to price a home spot on or people won't even turn up to the home open," Mr Kelson said.
People aren't even turning up to open houses anymore. Love it
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy