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Perth Housing stock continues to fall
Topic Started: 12 Aug 2016, 02:42 PM (50,702 Views)
Matthew
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Jimbo
7 Sep 2016, 03:31 AM
Made an absolute fortune.

And there you go again with the over exaggerations
My only hope for my three boys is that they turn out nothing at all like Chris.
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Matthew
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Mike spot on again.

Listings fall for the 6th consecutive week, as do rentals.

Rentals have now fallen 480 in 6 weeks dropping back to June levels.

Prior to this run of 6 drops available rentals increased 21 of 22 consecutive weeks between week ending 1 March and 26 July, something cheered by Dimshit and the Disciples. Yet apparently moves the opposite direction do not matter.

All stock down 5.45% from the peak.
Rental listings down 4.17%
For sale down 20.4%.

Will we build it? Well 3,655 blocks of land sold in 62 weeks would say no. No we will not.

But none of this matters right? Because there is no causal link between housing availability and pricing. According to Dimshit and Veritarse that is.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Matthew
8 Sep 2016, 11:18 AM
Mike spot on again.

Listings fall for the 6th consecutive week, as do rentals.

Rentals have now fallen 480 in 6 weeks dropping back to June levels.

Prior to this run of 6 drops available rentals increased 21 of 22 consecutive weeks between week ending 1 March and 26 July, something cheered by Dimshit and the Disciples. Yet apparently moves the opposite direction do not matter.

All stock down 5.45% from the peak.
Rental listings down 4.17%
For sale down 20.4%.

Will we build it? Well 3,655 blocks of land sold in 62 weeks would say no. No we will not.

But none of this matters right? Because there is no causal link between housing availability and pricing. According to Dimshit and Veritarse that is.
Sauna report,

Wow.

Kangaroo tenants.

Office rental meltdown.

Retail drop of 25%.

Residential collapse...

Now farmland wobbles

http://abcnews.go.com/Business/story?id=6092444&page=1

50 % drop????

Peter
Matthew
8 Sep 2016, 11:18 AM
Mike spot on again.

Listings fall for the 6th consecutive week, as do rentals.

Rentals have now fallen 480 in 6 weeks dropping back to June levels.

Prior to this run of 6 drops available rentals increased 21 of 22 consecutive weeks between week ending 1 March and 26 July, something cheered by Dimshit and the Disciples. Yet apparently moves the opposite direction do not matter.

All stock down 5.45% from the peak.
Rental listings down 4.17%
For sale down 20.4%.

Will we build it? Well 3,655 blocks of land sold in 62 weeks would say no. No we will not.

But none of this matters right? Because there is no causal link between housing availability and pricing. According to Dimshit and Veritarse that is.
Come on Mathew, say it with more conviction, hey why not buy a couple of properties,
put your money where your mouth is :oo:
Edited by Foxy, 8 Sep 2016, 12:11 PM.
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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I'm guessing Perth has moved to the next stage. Seller frustration, resulting in the removal of properties for sale where people don't need to move.

Essentially a reduction in stock with no real increase in demand.

This untapped supply is just waiting for the market to pick up.

Which Easter? 2018/2019/2020?
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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Matthew
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foxbat
8 Sep 2016, 12:09 PM
Come on Mathew, say it with more conviction, hey why not buy a couple of properties,
put your money where your mouth is :oo:
Contemplating a holiday house at the moment Drunkbat. Somewhere down south to head off to on weekends when the kids aren't playing sport, where we can leave a boat. I prefer Dawesville or Yunderup. Wife and boys don't care.

First we are going to tip $100,000 into TLS and CBA. Both are in the price range I had pegged as Buy.
newjez
8 Sep 2016, 01:46 PM
I'm guessing Perth has moved to the next stage. Seller frustration, resulting in the removal of properties for sale where people don't need to move.

Essentially a reduction in stock with no real increase in demand.

This untapped supply is just waiting for the market to pick up.

Which Easter? 2018/2019/2020?
Interesting guess, what do you base it on?

Last week listings fell 105 off sales of 585 so there were 480 "new" or "additional" listings for the week.
Week before listings grew 30 with sales of 545 so 575 "new" or "additional" listings

Over the past 6 weeks net for sale listings have fallen 93 off sales of 3385. Since November listings have fallen 2,990 off sales volume of 23,923

There have been plenty of new listings and no evidence that the decline is coming from removal of old listings as you claim.

Perhaps that is the answer that you want it to be, as opposed to the answer that it actually is?

Easter 2017 mate. Bank it.
Edited by Matthew, 8 Sep 2016, 01:58 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Jimbo
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Matthew
8 Sep 2016, 11:18 AM
Mike spot on again.

You would say that wouldn't you.

Quote:
 
Prior to this run of 6 drops available rentals increased 21 of 22 consecutive weeks between week ending 1 March and 26 July, something cheered by Dimshit and the Disciples. Yet apparently moves the opposite direction do not matter.
It will matter if the drop is sustained for long enough to get it back to the still oversupplied levels of two years ago. At a drop rate of 80 a week, every week, this will take 18 months.
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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Trollie
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newjez
8 Sep 2016, 01:46 PM
I'm guessing Perth has moved to the next stage. Seller frustration, resulting in the removal of properties for sale where people don't need to move.

Essentially a reduction in stock with no real increase in demand.

This untapped supply is just waiting for the market to pick up.

Which Easter? 2018/2019/2020?
You just make this up as you go along don't you.
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newjez
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Matthew
8 Sep 2016, 01:47 PM
Contemplating a holiday house at the moment Drunkbat. Somewhere down south to head off to on weekends when the kids aren't playing sport, where we can leave a boat. I prefer Dawesville or Yunderup. Wife and boys don't care.

First we are going to tip $100,000 into TLS and CBA. Both are in the price range I had pegged as Buy.

Interesting guess, what do you base it on?

Last week listings fell 105 off sales of 585 so there were 480 "new" or "additional" listings for the week.
Week before listings grew 30 with sales of 545 so 575 "new" or "additional" listings

Over the past 6 weeks net for sale listings have fallen 93 off sales of 3385. Since November listings have fallen 2,990 off sales volume of 23,923

There have been plenty of new listings and no evidence that the decline is coming from removal of old listings as you claim.

Perhaps that is the answer that you want it to be, as opposed to the answer that it actually is?

Easter 2017 mate. Bank it.
That proves nothing.

Look at the sales figures.

There is no turn around.

If listings are dropping, it's because they are dropping, not selling.
Jimbo
8 Sep 2016, 02:16 PM
You would say that wouldn't you.


It will matter if the drop is sustained for long enough to get it back to the still oversupplied levels of two years ago. At a drop rate of 80 a week, every week, this will take 18 months.
Without demand a drop in supply means squat.
Edited by newjez, 8 Sep 2016, 04:18 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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Matthew
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Jimbo
8 Sep 2016, 02:16 PM
You would say that wouldn't you.
He said listings continue to fall. They indeed continue to fall. What would you say? He is wrong?

Quote:
 
It will matter if the drop is sustained for long enough to get it back to the still oversupplied levels of two years ago. At a drop rate of 80 a week, every week, this will take 18 months.
You need to stop focussing on the bit you like and watch the whole market if you want to see where it is going.

Just saying.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Jimbo
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Matthew
8 Sep 2016, 04:21 PM
You need to stop focussing on the bit you like and watch the whole market if you want to see where it is going.
Collapsing population growth, growing unemployment, resources construction projects still to wind up, falling construction levels, commercial property on the skids, state coffers empty.

And you get excited about a small drop in an historically high number of rental vacancies in the middle of winter.
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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