I wonder if Black Panther is regretting his investments there yet? It certainly looks all downhill for Perth and WA in general for the decade ahead. Like a stone thrown off a roof.
Not at all. Rents remain strong. And with the pending undersupply, they will grow.
Not at all. Rents remain strong. And with the pending undersupply, they will grow.
Can you elaborate on the pending undersupply?
------------------------------ " ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility." - Alan Glynn
I think he is referring to the undersupply that is going to occur a few years after the oversupply.
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.
Not at all. Rents remain strong. And with the pending undersupply, they will grow.
If by strong you mean falling, then yes they are very strong.
In fact, rents are now falling in Perth for the first time in over ten years.
Levered up investors are rushing for the door already.
The boom is over.
People are leaving.
The tide is going out and thousands of WA property speculators are swimming without shorts.
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
I think he is referring to the undersupply that is going to occur a few years after the oversupply.
Fair enough. I thought he might have had some theory about mining town refugees settling in Perth.
Poor BP, the bull(shitter)s really did a number on him.
------------------------------ " ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility." - Alan Glynn
If by strong you mean falling, then yes they are very strong.
In fact, rents are now falling in Perth for the first time in over ten years.
Levered up investors are rushing for the door already.
The boom is over.
People are leaving.
The tide is going out and thousands of WA property speculators are swimming without shorts.
I've still got interests in Dianella Veritarse ... Care to tell me what do you actually see what's happenning in that suburb? What are they doing with some of those old homes on those very very big blocks who do you think is feeling pleased with themselves ?
Not everyone is rushing through the door.
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 $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I wonder if Black Panther is regretting his investments there yet? It certainly looks all downhill for Perth and WA in general for the decade ahead. Like a stone thrown off a roof.
well he has reason to - one or two new builds in shitty burbs. Go silver!
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ 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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