25% of NOM to WA is UK origin. It is less than 10% of total population change.
In the past 5 years NOM from the UK is down about 2,500 people per annum on the 5 years proceeding.
The UK exchange rate and relative shark fears may impact Mindarie and Rockingham prices, but in the scheme of the entire WA market they mean a tiny fraction more than f*** all.
My only hope for my three boys is that they turn out nothing at all like Chris.
25% of NOM to WA is UK origin. It is less than 10% of total population change.
So if 10% of people have twice as much money, that doesn't impact on prices?
But if listings drop by 10%, prices will boom?
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.
Now who was it again who said 12,000 properties for sale or less equaled price growth?
REIWA, HIA amongst others say 12,000 is a balanced market.
You have an issue with it Dim, take it up directly with them.
All I can say is that irrespective of migration, shark attacks or the pound to dollar relationship time shows that less than 12,000 = rising prices, more than 12,000 = falling prices.
Don't agree take it up with someone who gives a f***. I am not the statistician. I am just telling you what history tells us. Ignore it if you want, I really could not give a f***.
My only hope for my three boys is that they turn out nothing at all like Chris.
REIWA, HIA amongst others say 12,000 is a balanced market.
Maybe during a mining boom with rentals as rare as hens teeth and 80,000 people turning up.
Are we in a mining boom with rentals as rare as hens teeth and 80,000 people turning up?
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.
So if 10% of people have twice as much money, that doesn't impact on prices?
But if listings drop by 10%, prices will boom?
For a start they are not 10% of people, they are less than 1% of people. For them to be 10% of people 200,000 of them would be arriving a year. Or all Pommy migrants would need to trade their property annually. Neither happens Dimbo.
Secondly as I said they are highly concentrated in select areas. To suggest that a Pom would pay $1,000,000 to live in Mindarie instead of $750,000 just because the pound is stronger is retarded logic.
You need to find an actual basis for your spruiking. Claiming that shark attacks and the pound will spike or crash pricing in the face of realities makes you look like a bigger moron than normal, if that is at all possible.
Jimbo
30 Aug 2016, 04:52 PM
Maybe during a mining boom with rentals as rare as hens teeth and 80,000 people turning up.
Explain Calender 2006 then Dimbo.
Population grew 47,000. Half that migrants. 25% of them UK based. Prices increased 35%.
Compare that directly to 2012 88,000 people arrived in WA 64% migrants, more from the UK. House prices grew just 6%
They are 10% of the people arriving in a new country, cashed up to the eyeballs and looking to buy or rent a house.
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.
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.
Nice that you are looking back at a bit more than just listings numbers and land sales.
Could I suggest piss poor land releases as an answer?
Maybe you could go back in time and research it?
I have never only looked at listings or sales. I have always looked at trends against established points of equilibrium.
You want to cheer those listings all the way up and crow about the number of listings and falling prices, but you want to completely ignore the opposite impact when they go the other way.
It is comical.
Reality is that once listings drop below 12,000 prices are far more likely to rise than fall. And the further below 12,000 we go the rises will accelerate. History tells us that in the same way it tells us 16,696 listings in November 2015 was a massive oversupply that would drive prices down overall.
Reality is Dim that people far smarter than you and I have said the two sweet spots are 12,000 and 3%. History shows them to be right. Ignore them and histories lessons at your own peril.
Jimbo
30 Aug 2016, 05:02 PM
So what you are saying is that prices depend on whether or not listings are above or below 12,000?
Simple as that.
No argument.
No, I am saying 12,000 is the established equilibrium
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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