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Perth $30K FHB promotion; Why so desperate?
Topic Started: 19 Aug 2015, 12:54 AM (8,993 Views)
Perthite
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Exactly as I predicted.

20k even if your not a first time buyer.

Perth is in deep trouble.

Still waiting for my free car. Should not be long.

http://www.nicheliving.com.au/content/nicheliving-promotions/
Edited by Perthite, 19 Aug 2015, 12:56 AM.
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Matthew
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Perthite
19 Aug 2015, 12:54 AM
Exactly as I predicted.

20k even if your not a first time buyer.

Perth is in deep trouble.

Still waiting for my free car. Should not be long.

http://www.nicheliving.com.au/content/nicheliving-promotions/
1) This is just a fight for market share on reduced land sales that will drive prices up not down

2) If you think any bonuses aren't priced in, you are every bit the greater fool.
My only hope for my three boys is that they turn out nothing at all like Chris.
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The Whole Truth
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Matthew
19 Aug 2015, 01:00 AM
This is just a fight for market share on reduced land sales that will drive prices up not down

What a load of rubbish. The reduced land sales are due to a collapse in demand you fool :re:
Now get back out in the lounge room, your soap opera is starting and you don't want to miss it.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Matthew
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The Whole Truth
19 Aug 2015, 01:09 AM
What a load of rubbish. The reduced land sales are due to a collapse in demand you fool :re:
Now get back out in the lounge room, your soap opera is starting and you don't want to miss it.
Do you set out at the beginning of every post to prove how little you understand the topic at hand?

Fewer starts / same number of builders = increased competition for remaining market share.

Not that you understand something so simple, you are after all the product of the kind of regressive gene pool that can only be created by 27 consecutive generations of inbreeding.
Edited by Matthew, 19 Aug 2015, 01:22 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Perthite
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Matthew
19 Aug 2015, 01:13 AM
Do you set out at the beginning of every post to prove how little you understand the topic at hand?

Fewer starts / same number of builders = increased competition for remaining market share.

Not that you understand something so simple, you are after all the product of the kind of regressive gene pool that can only be created by 27 consecutive generations of inbreeding.
= reduced prices.

Less demand for tradies and all their rates fall.

Eventually this makes it way through to buyers as builders compete for market share.

I will start a thread soon to measure the amount of builders in Perth who go bust.
Edited by Perthite, 19 Aug 2015, 01:28 AM.
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Matthew
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Perthite
19 Aug 2015, 01:25 AM
= reduced prices.

Less demand for tradies and all their rates fall.

Eventually this makes it way through to buyers as builders compete for market share.

I will start a thread soon to measure the amount of builders in Perth who go bust.
No, = reduced profits. They (builders) are not reducing their prices, they are offering inducements. If you can not understand the difference, you are beyond help.

I am sure you will start many threads on hypothetical outcomes of fanciful events. The list will be short though. So unless you are willing to spam it with pointless comments that make no sense whatsoever like your best mate Foxbat, the thread on broke builders will sound like crickets in the night.
My only hope for my three boys is that they turn out nothing at all like Chris.
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The Whole Truth
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Matthew
19 Aug 2015, 01:13 AM


Fewer starts / same number of builders = waffle waffle
There are fewer starts you idiot because they can't sell the backlog on the books now. A feral cat out on the edge of the Simpson Desert has a better understanding of the property market than you. Which is what I would expect considering you're just a 2-bob millionare with debts and F-All else.

Predicted here last year: August 14, 2014 Perth is facing an impending apartment glut
http://www.watoday.com.au/wa-news/apartment-oversupply-to-flood-perth-property-market-20140814-103x4h.html

Confirmed here this year: 24 Mar 2015 Oversupply floods Perth residential market
http://www.yourinvestmentpropertymag.com.au/news/oversupply-floods-perth-residential-market-198475.aspx

Now the builders stop building and go broke.

I don't know why I bother trying to educate neanderthals like you? I have never owned an IP but I know more about the cycles and mechanics of the markets than all of you put together. Do the nation a favor will you, stick your head in a gas oven (on or off)
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Matthew
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The Whole Truth
19 Aug 2015, 01:44 AM
There are fewer starts you idiot because they can't sell the backlog on the books now. A feral cat out on the edge of the Simpson Desert has a better understanding of the property market than you. Which is what I would expect considering you're just a 2-bob millionare with debts and F-All else.

Predicted here last year: August 14, 2014 Perth is facing an impending apartment glut
http://www.watoday.com.au/wa-news/apartment-oversupply-to-flood-perth-property-market-20140814-103x4h.html

Confirmed here this year: 24 Mar 2015 Oversupply floods Perth residential market
http://www.yourinvestmentpropertymag.com.au/news/oversupply-floods-perth-residential-market-198475.aspx

Now the builders stop building and go broke.

I don't know why I bother trying to educate neanderthals like you? I have never owned an IP but I know more about the cycles and mechanics of the markets than all of you put together. Do the nation a favor will you, stick your head in a gas oven (on or off)
You couldn't educate a 5 year old to flush a toilet (though I suspect they could you).

Hands up who wants to live in an apartment? Got it - kids and the elderly.

Hands up who doesn't? Families.

Apartments are the bookends of the property cycle.

You are clueless.
My only hope for my three boys is that they turn out nothing at all like Chris.
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The Whole Truth
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Sorry to dissapoint you mattie. But you put your big FAT foot in your mouth again.

Quote:
 

High levels of house and unit construction accompanied by a fall in population growth has lead to the oversupply.

“Added to this is the big fall in the number of first home buyers choosing established homes and building new ones instead," said Airey.
http://www.yourinvestmentpropertymag.com.au/news/oversupply-floods-perth-residential-market-198475.aspx


You can't refute anything I write can you? All you can do is plagerize shit out of wikipedia and rant across the forum insulting people.
You need therapy mate, that or stronger medication :lol
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Jimbo
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Perthite
19 Aug 2015, 01:25 AM
= reduced prices.

Less demand for tradies and all their rates fall.

Eventually this makes it way through to buyers as builders compete for market share.

I will start a thread soon to measure the amount of builders in Perth who go bust.
So simple, a five year old could understand it.

Less land sold = fewer people looking to build houses.

Builders offer incentives to try and grab some of a falling market share.

Buyers go for the ones offering the best incentives (lowest overall cost for the same thing).

Builders try to recoup lost margin by making cost savings such as reducing wages and staffing levels. They shop around more aggressively for materials and contracted out services.

Their suppliers offer incentives and to maintain margin, they reduce costs by reducing wages and staffing levels.

Those who don't win the contracts to build the houses or supply the builders? They reduce their losses by reducing wages and staffing levels. Some will just shut up shop.

In summary, if your land sales drop 50% so does everything else associated with land sales.

Simple.
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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