Students on low or no wages, long term unemployed, minimum wage earners, pensioners who have been unable to buy in their lifetime, young families whose childs arrival have halved their income.
Yes Matey, did the likes of you and Skammy hold rents down to help these people out or did you jack them up as high as you could to squeeze every last cent out of them?
Matthew
12 Sep 2016, 05:04 PM
What does that have to do with house prices falling 10% in 2010 / 11 during a mining boom with high migration vs house prices rising 13% in 2012 / 13 during the exact same mining boom with the exact same high migration?
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.
Why did Perth property prices fall by 10% then during the largest mining boom for a century with massive population growth over 2010/11.
Are you so stupid to think just because the broader economy is doing well that it will force a housing market to fall or boom. It has some effect however property markets often move in the opposite direction to the economy as witnessed in Perth over 2010/11. The largest mining investment boom and record population growth did not prevent a 10% fall in prices, so what caused the fall in prices, do you even know, I doubt it.
Not as stupid as someone who thinks 12000 properties is a magic number.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Yes Matey, did the likes of you and Skammy hold rents down to help these people out or did you jack them up as high as you could to squeeze every last cent out of them?
I did not increase my rents to existing tenants in line with the boom prices at all Dim. Equally I have not dropped my rents to these same tenants in line with recent falls.
When I am faced with a change of tenant I change my rents to meet the market.
Quote:
What exactly does that chart have to do with prices falling 10% in 2010/11 vs rising 13% in 2012/13 Dimshit?
In fact given unemployment appears to have been falling when prices were falling, and rising when prices were rising it is quite contradictory to any point you are trying to make.
I think you need to do two things Dimshit.
The first is acknowledge you don't actually know what you are talking about.
The second is, like newjez, apologise to Skamy for all the times you have pulled the piss out of her charts given you have just produced a chart of your own that contradicts your own argument.
Want a fourth go at explaining why prices fell 10% in one part of the mining boom that saw record population growth and rose in the same mining boom with the same record population growth? Your first three attempts do not make you look particularly knowledgeable after all.
Hear hear Roddy. Compare that to say Auckland NZ, where the average price is now NZD1 million (AUD970,000), equivalent to about 32 years of renting.
You are typical of the speculators who think buying property should be all about speedy capital gains. I advise you to steer well away from property as you will always be the one left buying at peak when you really think incredible price rises are a sure thing forever.
You will never have the courage to buy in a downturn when everyone else has no confidence.
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.
Not as stupid as someone who thinks 12000 properties is a magic number.
Or not as stupid as some one such as your self who finds the need to state the obvious constantly. 12-13,000 properties has been considered the balanced market point for Perth since prior to the last boom of 2004-06. This is the point most industry observers use and has proven accurate in the past.
Matthew
13 Sep 2016, 10:26 AM
I did not increase my rents to existing tenants in line with the boom prices at all Dim. Equally I have not dropped my rents to these same tenants in line with recent falls.
When I am faced with a change of tenant I change my rents to meet the market.
What exactly does that chart have to do with prices falling 10% in 2010/11 vs rising 13% in 2012/13 Dimshit?
In fact given unemployment appears to have been falling when prices were falling, and rising when prices were rising it is quite contradictory to any point you are trying to make.
I think you need to do two things Dimshit.
The first is acknowledge you don't actually know what you are talking about.
The second is, like newjez, apologise to Skamy for all the times you have pulled the piss out of her charts given you have just produced a chart of your own that contradicts your own argument.
Want a fourth go at explaining why prices fell 10% in one part of the mining boom that saw record population growth and rose in the same mining boom with the same record population growth? Your first three attempts do not make you look particularly knowledgeable after all.
That graph shows that when unemployment was falling and close to its lowest point is when property prices fell the most during 2010/11. Jimbo still seems to miss the main points of why the market fell, Jimbo has not stated the biggest factor, not even close.
Bullshit Skammy. The suburb median peaked in December 2014.
I did not sell a median priced house.
I could now buy back what I sold plus a rental place as well, all for cash and leave a decent wedge in the bank.
No mortgage, no debt.
Denial Jimbo denial - anyone here can check the REIWA site for the real stats.
Warnbro took a hit in 2007and you sold into the middle of a downturn in 2014 when the first buyers returned to the market for a short period.
The markets that took a hit since 2014 were inner city units.
Houses above median price took a hit in 2007 and have still not seriously recovered from those losses.
Median house price areas like Warnbro where homes are very affordable tick over not too bad as people always need homes. This is shown by the steady prices with small gains observed since you sold.
Look at Chris - Look at Terry both of them like you sneered at people who told them Sydney was not going to crash - now they are going to be lucky to buy anything close to the good suburbs they could easily have bought into in 2012.
Don't be a fool chasing fools gold Jimbo - get yourself back in the market while you still can.
Rufus
13 Sep 2016, 12:18 AM
it's 5.2 and climbing.
It's not what I would call a good number.
Rufus it is not a good number but it is not as bad as it looks. This is why Perth yields are still holding up.
People are advertising for longer and can no longer hold onto the huge rent rises witnessed during the investment boom. Properties are not staying empty for that long there are very few properties advertised that have been available for more than a month. Perth yields are better than those in Melbourne and about the same as Sydney
Most investors are doing just fine as they also have seen interest rates fall. People who are looking for investors having a firesale to provide a property price crash are really rather silly.
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.
Yes Matey, did the likes of you and Skammy hold rents down to help these people out or did you jack them up as high as you could to squeeze every last cent out of them?
I sincerely doubt there'd be too many private landlords out there who are silly enough to think that they set the rents Jimbo - As opposed to 'tha market' setting them?
Hmmm - 'N by an large for most of tha 'ma 'n pa' type landlords out there wot pays a property manager ta worry about that 'n other related stuff, well we just act on tha advice our property manager gives us come lease renewal time (by 'n large) I reckons?
PS: Do ya reckon there's actually lots of tenants out there wot are silly enough ta think that their private landlord sets tha rent? ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Poor little Zaphie, he does not like people living in Perth, maybe one person was mean to him hey?
Someone once berated him for complaining a post was too long and he felt so hurt and ashamed. How could someone do this to him he cried and moaned for years on end. Now he hates everyone within a coooee of Perth.
Makes you heart bleed for him the poor wee soul.
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.
Poor little Zaphie, he does not like people living in Perth, maybe one person was mean to him hey?
Someone once berated him for complaining a post was too long and he felt so hurt and ashamed. How could someone do this to him he cried and moaned for years on end. Now he hates everyone within a coooee of Perth.
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