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REWIA stats shuffle hiding a collapse in progress in WA
Topic Started: 3 Nov 2014, 05:16 PM (601 Views)
igrisil
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Has anyone else noticed that rewia has changed the availability of the sales volumes history to 2009+ ;)

I mean. I still have the old data going back for a couple of decades and every drop in sales volumes results in a fall in price down to the long term averages. You can see the cycle every 5-7 years

For example. In 2008 the GFC hit and sales volumes fell dramatically. Not as bad as the volume falls now. Prices fell and stagnated for 7 years. Lucky we had he FHOG. Which kept prices from tanking. It just managed to keep them flat.

The current sales volume falls are even more severe than the GFC. But conveniently since the last quarter the results have been 'adjusted' so the sales volume history now only shows from 2009+ on top of land sales volumes which is the key indicator no longer appearing.... you can't extrapolate the cycle anymore unless you know what you're looking for or knew about it before hand.

It was good with the entire history because you could see the cycle without a doubt and how we are now in freefall and it's tanking as I type.

To all the serious people looking at best times to get into he market. I'd say with the 4 qtr delay in volume to price 2ND half of next year looks like a madhouse for perth. And maybe the year after that as well. For all those people who saved you'll be able to step in next year or the year after with a massive deposit vs someone sitting on a place that's had no growth and has none of the principal paid off. Good stuff! Maybe even get some higher yielding positive properties.

I know it's already started because because when someone offers me a unit for 1.5 mill when it was purchased in 2009 for 1.9. Or a house bought in 2007 for 840 selling for 860 with callbacks when I offer them 780 lol mad house. The numbers will start showing up in the next couple of qtrs then as more people realize they are about to lose 10, 20, 30% they all get out ASAP. I would if I had any that wernt positively geared.


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igrisil
3 Nov 2014, 05:16 PM
Has anyone else noticed that rewia has changed the availability of the sales volumes history to 2009+ ;)

I mean. I still have the old data going back for a couple of decades and every drop in sales volumes results in a fall in price down to the long term averages. You can see the cycle every 5-7 years

For example. In 2008 the GFC hit and sales volumes fell dramatically. Not as bad as the volume falls now. Prices fell and stagnated for 7 years. Lucky we had he FHOG. Which kept prices from tanking. It just managed to keep them flat.

The current sales volume falls are even more severe than the GFC. But conveniently since the last quarter the results have been 'adjusted' so the sales volume history now only shows from 2009+ on top of land sales volumes which is the key indicator no longer appearing.... you can't extrapolate the cycle anymore unless you know what you're looking for or knew about it before hand.

It was good with the entire history because you could see the cycle without a doubt and how we are now in freefall and it's tanking as I type.

To all the serious people looking at best times to get into he market. I'd say with the 4 qtr delay in volume to price 2ND half of next year looks like a madhouse for perth. And maybe the year after that as well. For all those people who saved you'll be able to step in next year or the year after with a massive deposit vs someone sitting on a place that's had no growth and has none of the principal paid off. Good stuff! Maybe even get some higher yielding positive properties.

I know it's already started because because when someone offers me a unit for 1.5 mill when it was purchased in 2009 for 1.9. Or a house bought in 2007 for 840 selling for 860 with callbacks when I offer them 780 lol mad house. The numbers will start showing up in the next couple of qtrs then as more people realize they are about to lose 10, 20, 30% they all get out ASAP. I would if I had any that wernt positively geared.


Yes indeed re: REIWA;

I also pointed out a little while a go that they conveniently changed a few things !

Surprise surprise.... as usual when shills get caught with their hands in the cookie jar nothings said ...not a hoot from the bulls!
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