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Perth Housing stock continues to fall
Topic Started: 12 Aug 2016, 02:42 PM (50,676 Views)
skamy
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Dr Kinetoscope
5 Oct 2016, 12:41 PM
So, skamy.... If I don't buy property in Perth NOW i am a loser? :D well, you've sold me on it. Well done 😂😄

I own in Sydney with no mortgage Skamy. Tell me again how much
of a loser I am 😄
You owna home in Sydney, yet you have not hesitated to persuade other poor kids to sell in Sydney - honestly doomsters like you, who try to use younger more naive people to drive a political agenda, are the worst IMHO.

You sit pretty in your own home and sell impoverishment to others. Your puritanical posturing on debt and home buying is a bit hypocritical when you have clearly used debt very successfully yourself or did Mum and Dad buy a place for ya.

You talk about property as a speculator would, trying to make money by buying and selling to pick bottoms or tops of the market. I talk about property as a home, as a way out of the rental poverty trap for low income earners and as a long term builder of wealth.

I have always found that it is much better to invest in a slow market, it is less expensive, easier to do due diligence and less stressful - and it is far far less likely for a buyer to get caught out in a frenzy that will be followed by a correction. I have tried to advise young people on here to do the same and have to put up with charlatans like yourself spouting doom and gloom and fear.

Young people who buy a home for themselves in Perth today will not be the ones weeping in a few years time and you know that very well indeed don't you Mr Doomsayer.
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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Dr Kinetoscope
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skamy
5 Oct 2016, 01:06 PM
You owna home in Sydney, yet you have not hesitated to persuade other poor kids to sell in Sydney - honestly doomsters like you, who try to use younger more naive people to drive a political agenda, are the worst IMHO.

You sit pretty in your own home and sell impoverishment to others. Your puritanical posturing on debt and home buying is a bit hypocritical when you have clearly used debt very successfully yourself or did Mum and Dad buy a place for ya.

You talk about property as a speculator would, trying to make money by buying and selling to pick bottoms or tops of the market. I talk about property as a home, as a way out of the rental poverty trap for low income earners and as a long term builder of wealth.

I have always found that it is much better to invest in a slow market, it is less expensive, easier to do due diligence and less stressful - and it is far far less likely for a buyer to get caught out in a frenzy that will be followed by a correction. I have tried to advise young people on here to do the same and have to put up with charlatans like yourself spouting doom and gloom and fear.

Young people who buy a home for themselves in Perth today will not be the ones weeping in a few years time and you know that very well indeed don't you Mr Doomsayer.
So........ i'm not just a loser.

I'm also a doomster, puritanical posturer, a hypocrite and a charlatan (all in one post!) :D

You sound like you should be in a padded cell sKamy.
Edited by Dr Kinetoscope, 5 Oct 2016, 01:16 PM.
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zaph
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Dr Kinetoscope
5 Oct 2016, 01:15 PM
So........ i'm not just a loser.

I'm also a doomster, puritanical posturer, a hypocrite and a charlatan (all in one post!) :D

You sound like you should be in a padded cell sKamy.
Go easy. It's just old age. We'll all get there some day.
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skamy
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Dr Kinetoscope
5 Oct 2016, 01:15 PM
So........ i'm not just a loser.

I'm also a doomster, puritanical posturer, a hypocrite and a charlatan (all in one post!) :D

You sound like you should be in a padded cell sKamy.
Is that all ya got?

What about the topic at hand
Is it or is it not a good time to buy a home in Perth?

You ran away from topic that because you can not not substantiate your fearmongering when we all have the evidence of the turning markets in Sydney and Melbourne and now Brisbane.

It must suck to be a doomster like you today. All you can do is come over to a Perth thread to repeat your refrains of doom and gloom that you used to plaster all over the Sydney threads. Your audience is dissipating Mr Doomsayer.
zaph
5 Oct 2016, 01:25 PM
Go easy. It's just old age. We'll all get there some day.
Do you think it is a valid debate technique to use age as an insult in your real life ? Or are you just a cowardly internet troll without anything intelligent to add to a debate?
Edited by skamy, 5 Oct 2016, 01:31 PM.
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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Matthew
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Dr Kinetoscope
5 Oct 2016, 12:43 PM
Yes, I'm aware.

The fact remains, it's an awful place to invest
Depends on where you invest.

I went looking for these suburbs offering 2007 level pricing and simply could not find them. To be worth what houses were in 2007 in real terms annual price growth needs to have averaged 2.4%

So I looked at 14 suburbs that I have or would buy in (Mt Lawley, Innaloo, Maylands, Como, Doubleview, Karrinyup, South Perth, Burswood, Carlisle, Wilson, Kensington, Applecross, Victoria Park, Lathlain). Average growth in these suburbs is 4.6% per annum. Only Mt Lawley and Innaloo below 4%. 6 of them over 4.5%.

So I thought it was the shit suburbs dragging prices down, but they are growing in real terms as well. Out of Rockingham, Warnbro, Midland, Nollamara, Armadale, Gosnells, Calista, Mida Vale, Thornlie, High Wycombe and Parkwood (only 1 suburb has a median over $500k) only Rockingham has not grown in real terms, growing at 2.3% per annum.

Add in Interest Rates being 5.25 basis points lower, rents being significantly higher and wages also being significantly higher.

Meanwhile the ASX200 is down 17% on 10 years ago.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Dr Kinetoscope
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skamy
5 Oct 2016, 01:29 PM
Is that all ya got?

What about the topic at hand
Is it or is it not a good time to buy a home in Perth?

You ran away from topic that because you can not not substantiate your fearmongering when we all have the evidence of the turning markets in Sydney and Melbourne and now Brisbane.

It must suck to be a doomster like you today. All you can do is come over to a Perth thread to repeat your refrains of doom and gloom that you used to plaster all over the Sydney threads. Your audience is dissipating Mr Doomsayer.

"What about the topic at hand. Is it or is it not a good time to buy a home in Perth?"
NO -

The topic of the thread is 'Perth Housing stock continues to fall'

If you can't handle an adult discussion without name calling, go and start your own forum somewhere else.

NO one is forcing you to listen to my 'fearmongering' or the horrible and nasty things i've had to say about Perth in this thread :lol :lol
Edited by Dr Kinetoscope, 5 Oct 2016, 06:53 PM.
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ShadBerg's torrid Macrobusiness love affair
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zaph
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skamy
5 Oct 2016, 01:29 PM
Do you think it is a valid debate technique to use age as an insult in your real life ? Or are you just a cowardly internet troll without anything intelligent to add to a debate?
I thought this was a friendly discussion, not a debate...

You can't play the old age pensioner card and then shove it up your sleeve like a princess.

Or are you just a cowardly internet troll without anything intelligent to add to a debate?
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newjez
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Dr Kinetoscope
5 Oct 2016, 01:15 PM
So........ i'm not just a loser.

I'm also a doomster, puritanical posturer, a hypocrite and a charlatan (all in one post!) :D

You sound like you should be in a padded cell sKamy.
Love it! I may take skamy off ignore. Pure gold.

I get the impression she's getting a little pissed that she's piled all her money into houses - plus all her childrens money, plus borrowed money, and now they have lost ten % plus they are all unemployed.

I can sort of understand her being a little pissed.

But it's not all your fault. It's all her fault.

If she had listened to you, she wouldn't have lost the money.
Back on track,

Perth sales stock slightly up on 4 weeks ago

Perth rental stock slightly down on 4 weeks ago.
Edited by newjez, 5 Oct 2016, 10:16 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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newjez
5 Oct 2016, 10:08 PM
Back on track,

Perth sales stock slightly up on 4 weeks ago

Perth rental stock slightly down on 4 weeks ago.
The difference lies in the trend that those blinded by agenda refuse to see or believe.

First 5 weeks of spring last year listings for sale increased 1,325 while for rent increased 170 - there were an additional 299 properties per week entering the market.

This year if is just 87 additional properties for sale with 156 less rentals. That is 14 less properties a week.

Compared to the peak (which is what Mike was pointing out) there are 2,798 less properties for sale. Including rentals which have increased there are 1,300 less properties available on the market than the peak.

But trends don't matter do they? Crash is preordained irrespective of this right?
My only hope for my three boys is that they turn out nothing at all like Chris.
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Blondie girl
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mango66
3 Oct 2016, 11:58 AM
Hey Herbie yeah going good although 2016 hasn't been the best year. Been working away in Canberra
And back up QLD now trying to get my roots back into work :)

For sure blonde.... Might tone it down 8-)

Stock to me refers to a warehouse.... Definitely not suburbia. It's there the problem lies. It's a house and should never have been
Used as a tax advantage. It's creating a generation of renters and becoming a worrying problem for many Australians..
I think encouraging investment into property has had no positive effects. Debt is a slow death
and killing discretionary spending.
Mango?
If that is your foot, I always wondered how you do those toes to make that"" up yours""

They are really ugly toes.
Also....
Not all debt is bad.
Dr Kinetoscope
5 Oct 2016, 11:53 AM
Perth property prices dive back to 2007 levels:
https://au.news.yahoo.com/thewest/wa/a/32787973/perth-property-prices-dive-back-to-2007-levels/#page1

What an awful place to invest.

It's like some kind of mass delusion with the Perth based property bulls on here. The way Mike, Matthew, Skamy, Blondie and Black Panther carry on about Perth Property you'd expect the Perth market to be showing value increases of 10% each year.

Instead, it's losing 10% a year!


Oh so location is not important?

What ever makes you feel better :lol Mass delusion and hysteria we all have what an accurate diagnosis.

Perth also has sharks better not swim in Cottesloe.


Dr Kinetoscope
5 Oct 2016, 01:38 PM
Blah Blah to Skamy

NO one is forcing you to listen to my 'fearmongering' or the horrible and nasty things i've had to say about Perth in this thread :lol :lol
What is with the intentional sKamy wording?



Jimbo
3 Oct 2016, 04:22 PM
Nothing wrong with any investment class Matey.

But like any investment, sometimes a market can become overcrowded.

Once people perceive a particular asset class to be a dead set, no risk winner, the game is pretty well up.

When the BBQ talk is all about how well a particular asset is doing and "you got to get in there", you know to stay well away.

This is what has happened in Perth.

Every man and his dog piling into IP's, building up portfolios, all at the same time.

The result is an unprecedented high number of available rentals and landlords slashing their rents and relaxing conditions to try and attract tenants.

Perth property as an investment is a dud right now.

Houses and land are returning to their utility value.
You poor thing.
The pound got pounded.......

:re:

Don't want to mention that don't you?
Edited by Blondie girl, 6 Oct 2016, 03:24 PM.
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.
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