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Perth House Prices Set to Fall.; Sales Activity drops below the 20 year average.
Topic Started: 30 Sep 2014, 02:56 PM (2,976 Views)
Perthite
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REIWA executive manager of research, Stewart Darby, said while there might still be a spring pick-up, there had now been a drop in the number of sales in Perth in every quarter since March 2013.

Read more: http://www.watoday.com.au/wa-news/perth-house-prices-set-to-fall-property-analysts-predict-20140930-10nvq1.html#ixzz3Eler7Zu1

I knew Hegney had been keeping quiet. Now I know why.
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peter fraser
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Perthite
30 Sep 2014, 02:56 PM
REIWA executive manager of research, Stewart Darby, said while there might still be a spring pick-up, there had now been a drop in the number of sales in Perth in every quarter since March 2013.

Read more: http://www.watoday.com.au/wa-news/perth-house-prices-set-to-fall-property-analysts-predict-20140930-10nvq1.html#ixzz3Eler7Zu1

I knew Hegney had been keeping quiet. Now I know why.
For the purpose of the exercise lets assume this will come true.

At what point will you choose to buy?

10% off or 20% off or 40% off?
Any expressed market opinion is my own and is not to be taken as financial advice
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Perthite
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peter fraser
30 Sep 2014, 03:02 PM
For the purpose of the exercise lets assume this will come true.

At what point will you choose to buy?

10% off or 20% off or 40% off?
I am only able to enter in 14 months. I will make the an assessment then.

If the market has turned south I will start lowballing pretty much straight away.
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peter fraser
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Perthite
30 Sep 2014, 03:08 PM
I am only able to enter in 14 months. I will make the an assessment then.

If the market has turned south I will start lowballing pretty much straight away.
OK - what I'm looking for is "what do you think is an attractive discount"

In an ideal world if you were ready to buy now what would make you act?

Whilst I've been to Perth and checked out the REA windows I don't know the market.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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peter fraser
30 Sep 2014, 03:02 PM
For the purpose of the exercise lets assume this will come true.

At what point will you choose to buy?

10% off or 20% off or 40% off?
It's certainly not a happy prognosis for Perth.

Have you see any recent reports on the trend in sales volume for Brisbane Peter? (Matusik is one of those who mentions it occasionally. And places a fair bit of weight on it as I recall.)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Perthite
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peter fraser
30 Sep 2014, 03:17 PM
OK - what I'm looking for is "what do you think is an attractive discount"

In an ideal world if you were ready to buy now what would make you act?

Whilst I've been to Perth and checked out the REA windows I don't know the market.
20%
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Black Panther
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Any dip (If any) will be much less than recent rises, short lived, and then its BAU, as the market trends up AGAIN.

If you have been holding off from buying for 3 or more years, then your unlikely to be better off.

Especially when you consider all the rent money you spent.

Goodluck.



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Perthite
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Black Panther
30 Sep 2014, 03:23 PM
Any dip (If any) will be much less than recent rises, short lived, and then its BAU, as the market trends up AGAIN.

If you have been holding off from buying for 3 or more years, then your unlikely to be better off.

Especially when you consider all the rent money you spent.

Goodluck.



Better off buying now or in 6 months?

no brainer.
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Black Panther
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Perthite
30 Sep 2014, 03:24 PM
Better off buying now or in 6 months?

no brainer.
Goodluck with your opportunistic Hail Mary.

Keep the faith alive :tu:
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Perthite
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Black Panther
30 Sep 2014, 03:28 PM
Goodluck with your opportunistic Hail Mary.

Keep the faith alive :tu:
All this I saw coming as interest rates fell... opportunistic indeed.
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