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Perth sales surge; No of sales up 17% on the month and 7% y/y
Topic Started: 16 Oct 2014, 10:42 AM (13,332 Views)
skamy
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Good morning Perth bears :)

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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peter fraser
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skamy
16 Oct 2014, 10:42 AM
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Good morning Perth bears :)

And the prices?

If prices are still going up then this is a tale of people buying in.

If prices are falling then it's a tale of people selling out.

Which is it?
Any expressed market opinion is my own and is not to be taken as financial advice
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Jimbo
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Sales same week last year 770, last week 635.

Properties listed this week last year 8893, this week 11,108.

Why did you post this?

Edited by Jimbo, 16 Oct 2014, 10:51 AM.
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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Black Panther
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Impressive. The Bears wrong again.
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Jimbo
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Black Panther
16 Oct 2014, 10:52 AM
Impressive. The Bears wrong again.
Try reading the chart.
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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Strindberg
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Jimbo
16 Oct 2014, 10:50 AM
Sales same week last year 770, last week 635.

Last week 825, not 635.
Jimbo
16 Oct 2014, 10:54 AM
Try reading the chart.
,,,yes, you should!
Edited by Strindberg, 16 Oct 2014, 11:02 AM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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skamy
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Just having a bit of fun Peter, making a big show of some data. The sales data is good but it could be due to one or two big development sale who knows. It certainly shows that market is not crashing quite yet as the bear would have us believe.

Some prices are going good others not so good. Suburbs like Crawley are really bad, but nearby Swanbourne and Claremont are growing strongly.

Lots of work is coming down the track, new residential home sales has been booming. I doubt very much the bears will get their crash.
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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Foxy
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Zero is coming...

skamy
16 Oct 2014, 10:42 AM
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Good morning Perth bears :)

Yes sales are up along with the number of listed properties??

I think some of the pent-up demand is the reason for the sales.

But listings keep rising and oh so many empty properties.

Are you from Perth??

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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Jimbo
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Strindberg
16 Oct 2014, 11:01 AM
Last week 825, not 635.

,,,yes, you should!
My bad.

Hasty reading (stupid me).

But stock on market is up over 10% on four weeks ago and up 20% on a year ago.

So maybe I am not as stupid as I seem?

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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Jimbo
16 Oct 2014, 10:50 AM
Sales same week last year 770, last week 635.

Properties listed this week last year 8893, this week 11,108.

Why did you post this?

Jimbo this is a low number of listings a steady market is above 12,000.

When the market picks up the listings rise as people become confident to buy and sell again. Don't you recall the huge property sections during the boom times. People were afraid that too much stock would hit the market this spring but that has not yet happened. Maybe all the negative talk has caused people to wait awhile.

It is a good sales result and shows that Perth is far from down and out as some of the more extreme Perth bears would have us believe.
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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