What suburbs are you eyeing off? What can you afford?
What prop type?
I'm wasting my time you are not going to say zilch bachelor , you are better off finding an apartment just pay the strata & shut up, no garden to worry about, no repairs to retic to dirty those hands ...
Oohh You waiting for it to go down more.... Can understand the strategy.
But it still won't be good enough...for you.
Old house? Holy craps on earth are you going to maintain it? you really don't seem to be a handy Andy type, better get your caffeine fix from the local cafe that's going to your neighbor in your 1brm piece of oz.
None of that matters.
This is not about me.
For all you know I could be planning to move to Budapest.
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
When the penny finally drops that houses are a money pit, that just keep sucking the money out of the owners pockets.
Peter
So explain why you harp on about Marg River?
What you have out there involves constant attention.
Veritas
3 Nov 2014, 12:58 AM
None of that matters.
This is not about me.
For all you know I could be planning to move to Budapest.
You are so full of crap.
You look into every aspect that involves property of how other countries coped with house price negatives & you carry on incessantly about the stats & history of it all.
Yet you think what you can afford doesn't matter? Holy craps to hell you're nuts !!!
It is about you in the end coz you need to do what works for you. You are uncomfortable about posting some personal info simple as that.
It means you are not seriously looking into buying anything. If you are not happy here go leave Perth.
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.
If I had bought a median price property in June it would have cost me 470k
If I had waited until September to buy at the median price, 450k
20k. Two months.
Wonder what the savings are now?
This is what you do not understand - the median house price has dropped because the cut off for stamp duty dropped so this reduced the no of sales in the existing home market above that price probably because of brought forward demand. The houses did not actually drop in price, just what people are buying.
I am sure if you have been doing home opens you will know this
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.
This is what you do not understand - the median house price has dropped because the cut off for stamp duty dropped so this reduced the no of sales in the existing home market above that price probably because of brought forward demand. The houses did not actually drop in price, just what people are buying.
I am sure if you have been doing home opens you will know this
Run that by me again.
Here is the stamp duty cut off.
Quote:
When a home buyer is eligible for the First Home Owner Grant, a concessional rate of transfer duty will apply if the value of the dutiable property is below certain thresholds.
As at 3 July 2014 the First Home Owner Rate of Duty applies to a dutiable transaction with a dutiable value of up to $530,000 for a house and land, or $400,000 for vacant land.
In other words, the exemption applies up to 530k.
And this is dragging down the median how?
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
The stamp duty exemption threshold for West Australian first home buyers has been cut from $500,000 to $430,000 in the state’s 2014 budget.
From July 1, those purchasing established properties priced under $430,000 will receive a full stamp duty exemption. Concessions will phase out progressively for purchases between $430,000 and $530,000. Previously, first home buyers still received some stamp duty concession for properties priced up to $600,000.
No changes have been made to stamp duty concessions for first home buyers of new house and land packages. If the vacant land is valued under $300,000, the first home buyer will not be required to pay any stamp duty. Purchasers of land priced up to $400,000 will be eligible for some form of stamp duty concession.
These changes in stamp duty concessions took effect July 1.
You are losing a lot of the freebies the government offered back in 2012.
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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