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WA Population Growth Collapse Thread; Lets Track it as it falls.
Topic Started: 29 Oct 2014, 05:03 PM (3,681 Views)
Perthite
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This is a taboo subject that really is too hard to swallow for media in WA.

http://blog.rpdata.com/2014/10/record-interstate-migration-victoria-mining-states-approaching-record-low-interstate-migration-flows/

Having already fallen 30%+ from the peak how far will it fall?

I would say 70 to 80%

Causing widespread damage to new home construction in the process.
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newjez
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Perthite
29 Oct 2014, 05:03 PM
This is a taboo subject that really is too hard to swallow for media in WA.

http://blog.rpdata.com/2014/10/record-interstate-migration-victoria-mining-states-approaching-record-low-interstate-migration-flows/

Having already fallen 30%+ from the peak how far will it fall?

I would say 70 to 80%

Causing widespread damage to new home construction in the process.
The problem is getting good current stats.
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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Perthite
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One can only hope we get a few less Skamy's arriving as the Timmy's exit.
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newjez
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Perthite
29 Oct 2014, 05:12 PM
One can only hope we get a few less Skamy's arriving as the Timmy's exit.
The carpet baggers will be the first to go.
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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skamy
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Perthite
29 Oct 2014, 05:03 PM
This is a taboo subject that really is too hard to swallow for media in WA.

http://blog.rpdata.com/2014/10/record-interstate-migration-victoria-mining-states-approaching-record-low-interstate-migration-flows/

Having already fallen 30%+ from the peak how far will it fall?

I would say 70 to 80%

Causing widespread damage to new home construction in the process.
Perthite the most stable State is WA, you never ever read what you post/


Posted Image

Posted Image

It is NSW which is losing folk to the other states, do you think that will crash the Sydney market????
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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newjez
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http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/3412.0Chapter42011-12%20and%202012-13

Wa seems to have peaked 2011/2012. Shame 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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Mike
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http://www.abs.gov.au/ausstats/abs@.nsf/mf/3101.0

WA population growth is 2.5% as of the latest ABS data, which is by far the fastest in the nation. At this rate WA population will double in 30-35 years or less.

Extremely fast growth.
http://mike-globaleconomy.blogspot.com.au/
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Foxy
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Zero is coming...

i am noticing more properties on the market.

http://reiwa.com.au

I think i will wait before i buy in the Perth market.

I have now secured 7 properties in Margaret River.

As i have said before check it out.

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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newjez
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Mike
31 Oct 2014, 10:31 AM
http://www.abs.gov.au/ausstats/abs@.nsf/mf/3101.0

WA population growth is 2.5% as of the latest ABS data, which is by far the fastest in the nation. At this rate WA population will double in 30-35 years or less.

Extremely fast growth.
Interstate transfers
In 2003 it was 2095
In 2007 it was 5362
In 2011 it was 7033
In 2012 it was 11085
In 2013 it was 7992


I would expect international rates to mirror.

2014 go figure.

2.5% means nothing. It's how this compares to previous years.
Mustapha Mond
31 Oct 2014, 10:45 AM
i am noticing more properties on the market.

http://reiwa.com.au

I think i will wait before i buy in the Perth market.

I have now secured 7 properties in Margaret River.

As i have said before check it out.

Peter
Without rising sales or rising rented? What does that tell you?
Edited by newjez, 31 Oct 2014, 12:11 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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Veritas
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Mustapha Mond
31 Oct 2014, 10:45 AM
i am noticing more properties on the market.

http://reiwa.com.au

I think i will wait before i buy in the Perth market.

I have now secured 7 properties in Margaret River.

As i have said before check it out.

Peter
Properties for sale.

Total: 11,935
4 weeks ago: 10,355


Solid numbers for the buyers market.

I have noticed on my drive to work a lot more properties for sale.

Although, to be fair, for now at least, most seem to go Sale agreed reasonably quickly.
And the good news keeps rolling in...

Posted Image
Edited by Veritas, 31 Oct 2014, 12:31 PM.
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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