What will dive house prices up is a lack of housing construction. People like to live in houses, it is proven to be our preferred method of shelter.
Yes Matey, and as you have stated before, construction of houses comes from land sales.
People are not buying land because there is little demand.
If demand picks up, more land will sell and construction will increase.
There is no shortage of land.
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.
Yes Matey, and as you have stated before, construction of houses comes from land sales.
People are not buying land because there is little demand.
No, people are not buying land because they are spoilt for choice in a market that is oversupplied for both rentals and established dwellings. Why rent while you build when you can just buy?
Listings are falling for this very reason.
But that will not happen for ever. I expect for sale of established dwellings to come under upward pressure first. This will see land sales increase and send buyers to the rental market. This will place downward pressure on available rentals as people wait for their house to be built. Rents will increase.
Essentially this is exactly what happened 2012 - early 2015. You are seeing history repeating. You are just too stupid to heed its lessons.
I have always said buy within 10km of the CBD but not 3km. Be close but not too close.
West Perth and East Perth are excellent locations but expensive and risky.
For an investment I would be looking close to the city, freeway, beach, shops, airport, river, universities, hospitals, free education and jobs plentiful inside a 30 minute drive.
For me Brentwood is the one right now.
Poor mans Mount Pleasant. RHS Zoned. River, Garden City, Fremantle, City, Freeway, 3 major universities, central to jobs. Down 10% in the past year.
The main housing mode for East and West Perth is apartments, but there is pockets of houses, some on zoning potentials. Its not risky for those who are established financially.
West Perth is a large areas and diverse and its not just about Kings Park vicinity.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Why did listings continue to rise when land sales have been flat for well over a year?
Surely if people were choosing to buy established instead of land, established listings would have dropped in tandem with land sales.
Quote:
Essentially this is exactly what happened 2012 - early 2015. You are seeing history repeating. You are just too stupid to heed its lessons.
Did we have 11,000 rental listings at any time from 2012 to 2015?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
So Jimbro? if you claim that you don't owe to the banks, yet you sold your property and got scared and you didn't take the opportunity to upsize I don't get that and it appears you really underestimated the Brexit stuff and you LOST $$.
Must hurt deep down then...Anyway. I have fond memories of Blue Gum near Canning Ave..............
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Mate - North Coogee development if you want capital growth, They have a few billion in developments planned over the next 10 years, including something like 10,000 new housing, businesses, schools, the list is huge....
All housing units for sale 13,979 - down 2,980 from November 2015 peak.
All completed dwellings for sale 11,507 - down 2,952 from November 2015 peak.
Available rentals 11,027 - down 480 from July 2016 peak.
Land sales down on last year.
Evidence that listings have fallen back only.
But not evidence that more people are buying established property instead of land (your claim).
Not when established house sales volumes are down.
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.
But not evidence that more people are buying established property instead of land (your claim).
2012 - House & Unit Sales 29,886 vs land sales 12,593 - Land sales represented 29.6% of all property transactions 2013 - House & Unit Sales 34,230 vs land sales 15,901 - Land sales represented 31.7% of all property transactions 2014 - House & Unit Sales 30,542 vs land sales 13,137 - Land sales represented 30.1% of all property transactions 2015 - House & Unit Sales 25,682 vs land sales 8,918 - Land sales represented 25.8% of all property transactions 2016 (to June) - House & Unit Sales 11,769 vs land sales 3,027 - Land sales represented 20.5% of all property transactions
Land sales June quarter 2014 represented 31.9% of all sales volume. Land sales June quarter 2016 represented 18.9% of all sales volume.
The evidence is very clear that more people are buying established property instead of land. Land sales have fallen from 31.7% of all transactions to 20.5%. Perhaps for the exact same reason I said.
Again Dimshit look at the whole picture, not just the tiny bit that gives you a piss fat.
I genuinely believe you have no idea at all about property the more you comment on it. Makes your gamble even scarier for your family.
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