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Perth Housing stock continues to fall
Topic Started: 12 Aug 2016, 02:42 PM (50,689 Views)
Foxy
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Zero is coming...

Jimbo
13 Sep 2016, 04:45 PM
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.
I love the shortage of land argument, 24,000,000 in a country the size of Europe.

These dumb arses would believe anything...


Matthew
14 Sep 2016, 10:20 AM
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 2014 represented 31.9% of all sales volume.
Land sales June 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.

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.
Telstra does pay a good dividend.

Peter
Edited by Foxy, 14 Sep 2016, 10:30 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Trollie
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foxbat
14 Sep 2016, 10:28 AM
I love the shortage of land argument, 24,000,000 in a country the size of Europe.

These dumb arses would believe anything...
I like it as well, because it means the clueless sheep like you will compare our land to europe and assume a patch of dirt in the nullarbor has the same utility as land in darling harbour.

Like you said, dumb arses will believe anything.
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skamy
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zaph
13 Sep 2016, 01:13 PM
Get to the point old woman!
I obviously hit a sore point hey? It is a privilege being an old woman - so many do not get the chance, only a very childish person would think that it is an insult to call someone old.
Jimbo
13 Sep 2016, 03:01 PM
Well perhaps you could post these facts rather than total bullshit Skammy.

Warnbro peaked in December 2014 @ $380k. The median in 2007 was $340k.

The current median is $374k.

I sold at the market peak. You are now telling me I sold into a slump? WTF? WT absolute F?

Why the bullshit Skammy? Why the lies?


Actually Mikey, that is not the whole equation that these "industry observers" (AKA REIWA) use.

It is 12,000 for sale and a 3% REIWA vacancy rate.

The current REIWA vacancy rate is 6.7%.

You keep forgetting to mention that one Mikey.

Wonder why?
You are such a fibber - the median in 2014 was $371K and now it is $385K - Warnbro had hardly moved since 2007 prices. You sold in the middle of a housing crash when common sense should be telling you that was the time to buy.

I am simply trying really hard to get you to open our eyes to the bullshit you and Foxbat have been sold.

There will be no crash in Perth and every months rent money goes down the drain and will soon be taking you farther and farther away from being able to rebuy your old home.
Edited by skamy, 14 Sep 2016, 11:44 AM.
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.
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Rufus
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A very small uptick in asking price for houses in Perth this week. Just 0.5% but it's the first uptick in a long time.

http://www.sqmresearch.com.au/asking-property-prices.php?region=wa%3A%3APerth&type=c&t=1
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
14 Sep 2016, 12:24 PM
A very small uptick in asking price for houses in Perth this week. Just 0.5% but it's the first uptick in a long time.

http://www.sqmresearch.com.au/asking-property-prices.php?region=wa%3A%3APerth&type=c&t=1
So what's the relevance? If you had the weekly asking price changes in a database, I'm sure that the insight would be relatively banal.
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Matthew
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Trollie
14 Sep 2016, 11:06 AM
I like it as well, because it means the clueless sheep like you will compare our land to europe and assume a patch of dirt in the nullarbor has the same utility as land in darling harbour.

Like you said, dumb arses will believe anything.
I hear that -19.3612 decimal degrees and a longitude of 127.60733 decimal degrees has 285,000sqm of prime real estate just waiting for Drunkbat to develop it. Size of the UK without a single resident just waiting for him to attract 65 million people.
skamy
14 Sep 2016, 11:36 AM
when common sense
That right there is the entire problem.
Edited by Matthew, 14 Sep 2016, 03:19 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
14 Sep 2016, 10:20 AM
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.
No Matey, the evidence is very clear that less land is selling in tandem with a fall in population growth.

Also fewer established properties are selling as well (but not as great a proportion).

Established properties are mainly bought by people trading up or maybe downsizing. First time buyers and new people to the state tend to go for the incentivised house and land package.

Population growth changes will have a smaller impact on the trader upper / down sizer market because those people are already here.

You a drawing the wrong conclusion from the numbers yet again Matey.

Numb nuts.
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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Matthew
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Jimbo
14 Sep 2016, 03:24 PM
No Matey, the evidence is very clear that less land is selling in tandem with a fall in population growth.

Also fewer established properties are selling as well (but not as great a proportion).

Established properties are mainly bought by people trading up or maybe downsizing. First time buyers and new people to the state tend to go for the incentivised house and land package.

Population growth changes will have a smaller impact on the trader upper / down sizer market because those people are already here.

You a drawing the wrong conclusion from the numbers yet again Matey.

Numb nuts.
Your denial is hilarious.

You are so fixated on the outcome that you need to have happen that you cannot see what is actually happening.

The transaction rates are down because population growth is down. That makes perfect sense.

Land transactions are also down because of the oversupply of established dwellings. Also makes perfect sense.

The fact that we will sell less land in 2 years than was sold in all of 2014 is also going to lead to an inevitable undersupply. That Dimshit also makes perfect sense.

Go home and apologise to your wife. Offer her the opportunity to leave you. She can do better. f*** Drunkbat would be a better option for her.
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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skamy
14 Sep 2016, 11:36 AM
You are such a fibber - the median in 2014 was $371K and now it is $385K - Warnbro had hardly moved since 2007 prices. You sold in the middle of a housing crash when common sense should be telling you that was the time to buy.
Bullshit again Skammy.

Post a link to these dodgy made up numbers instead of just typing out crap.

You are now telling me that 2014 was the middle of a property crash?

And you are saying that since 2014, my suburb has been in a growth cycle?

Posted Image

Get *ucked Skammy.

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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Rufus
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Jimbo
14 Sep 2016, 03:42 PM
Bullshit again Skammy.

Post a link to these dodgy made up numbers instead of just typing out crap.

You are now telling me that 2014 was the middle of a property crash?

And you are saying that since 2014, my suburb has been in a growth cycle?

Posted Image

Get *ucked Skammy.
But the data source that you quoted has Warnbro peaking at $385,000 in Jan/Feb 2016 and now it's back to $374,250

https://www.realestate.com.au/neighbourhoods/warnbro-6169-wa

Not saying you didn't get a good price, but the median price has hardly moved, unless you count $10,750 as a lot of money.
Take risks - if you win you will become wealthy, if you lose you will become wise
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