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Perth Housing stock continues to fall
Topic Started: 12 Aug 2016, 02:42 PM (50,674 Views)
Mike
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newjez
13 Oct 2016, 03:25 AM
So - can we get the thread title changed?

Houses up by nearly 300 m on m

rentals up a tad.

mmmm
Newjez you're IQ seems to have taken a dip lately.

Please quote where I talk about month on month gains in the OP. I don't, I talk about year on year results, or long term trends not seasonal spikes as you are well aware.

Observe the Year on Year comparison which continues to expand with each passing weak. Also note when I made the OP housing stock was 16,750, it is now down 2,256 properties for sale. That as about as accurate as you get in this game.

Stock for sale compared to the same time last year is now down 1,147 properties.

Yet you want to jump on a monthly increase even though stock levels have plunged by thousands, very cynical of you.

Posted Imageimage hosting gif
Edited by Mike, 13 Oct 2016, 12:10 PM.
http://mike-globaleconomy.blogspot.com.au/
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Jimbo
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Mike
13 Oct 2016, 12:07 PM
Also note when I made the OP housing stock was 16,750, it is now down 2,256 properties for sale. That as about as accurate as you get in this game.
Bullshit Mikey.

When you made the OP there were 14,088 properties listed for sale an now there are 14,494. You embedded the info in your opening post and anyone who cares to read it can see for themselves.

Listings are rising Mikey.

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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newjez
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Mike
13 Oct 2016, 12:07 PM
Newjez you're IQ seems to have taken a dip lately.

Please quote where I talk about month on month gains in the OP. I don't, I talk about year on year results, or long term trends not seasonal spikes as you are well aware.

Observe the Year on Year comparison which continues to expand with each passing weak. Also note when I made the OP housing stock was 16,750, it is now down 2,256 properties for sale. That as about as accurate as you get in this game.

Stock for sale compared to the same time last year is now down 1,147 properties.

Yet you want to jump on a monthly increase even though stock levels have plunged by thousands, very cynical of you.

Posted Imageimage hosting gif
Well, possibly you could record the weekly results here so we can measure the annual shift here for the next couple of months if you don't mind, and then we can easily track it.
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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Mike
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Jimbo
13 Oct 2016, 01:47 PM
Bullshit Mikey.

When you made the OP there were 14,088 properties listed for sale an now there are 14,494. You embedded the info in your opening post and anyone who cares to read it can see for themselves.

Listings are rising Mikey.
Listings have increased due to seasonal factors which it does every year, which you know.

How do you explain being well over a 1000 properties less then the same time last year and over 2,200 properties since the peak of the stock on market.

You cant cheer on the listing increasing which you did for most of last year and now they have been falling for most of 2016 not state the obvious. Listings have fallen considerably.

Watch over the next 6 weeks as this gap widens significantly, I expect listings to be down by 3,000 year on year by end of November.
newjez
13 Oct 2016, 01:47 PM
Well, possibly you could record the weekly results here so we can measure the annual shift here for the next couple of months if you don't mind, and then we can easily track it.
I cant do every week, too busy at present. I will do it when I can. Or a simple google search will find what you need.
Edited by Mike, 13 Oct 2016, 02:37 PM.
http://mike-globaleconomy.blogspot.com.au/
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Jimbo
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Mike
13 Oct 2016, 02:30 PM
How do you explain being well over a 1000 properties less then the same time last year and over 2,200 properties since the peak of the stock on market.
How do you explain the 2401 increase in available rentals over the same period Mikey?

A net gain of 1,147 in combined listings.

How is that a drop in listings Mikey?
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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Mike
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Jimbo
13 Oct 2016, 02:52 PM
How do you explain the 2401 increase in available rentals over the same period Mikey?

A net gain of 1,147 in combined listings.

How is that a drop in listings Mikey?
The OP is not about rental listings it is about properties for sale.

You cannot combine the two and make up you're own figure, they are two distinct markets with there own influences. Only you would make that mistake.

As it stands now stock on market has fallen some 2,300 properties in 10 months and continues to fall year on year.
http://mike-globaleconomy.blogspot.com.au/
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Jimbo
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Mike
13 Oct 2016, 07:22 PM
The OP is not about rental listings it is about properties for sale.

You cannot combine the two and make up you're own figure, they are two distinct markets with there own influences. Only you would make that mistake.

Perhaps you should take Matey to task over that one. He reckons combined listings are the key.

Maybe you should start trolling eachother?

Sales listings are not falling Mikey.

They haven't fallen since you started this bogus thread.

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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conork
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Mike
13 Oct 2016, 07:22 PM
The OP is not about rental listings it is about properties for sale.

You cannot combine the two and make up you're own figure, they are two distinct markets with there own influences. Only you would make that mistake.

As it stands now stock on market has fallen some 2,300 properties in 10 months and continues to fall year on year.
For an investor, they are concerned about the yield.
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Matthew
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Jimbo
14 Oct 2016, 04:18 AM
Perhaps you should take Matey to task over that one. He reckons combined listings are the key.

If there are 10,000 empty rentals and 5,000 available for sale houses then the people on the fringes of buying will rent, not buy.

If there are 2,000 empty rentals and 15,000 available for sale houses then people on the fringes will buy, not rent.

If you are looking at the "health" of the property market then you should look at the entire property market not the bit that gives you a chubby. Bull or bear, it is not smart to look at them in isolation.
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 Oct 2016, 01:34 PM
If you are looking at the "health" of the property market then you should look at the entire property market not the bit that gives you a chubby. Bull or bear, it is not smart to look at them in isolation.
Yes Matey.

Like the state of the local economy, employment, migration rates, exchange rates, the rental market, interest rates etc. etc.

But according to you, all that matters is 12,000 REIWA listings.
Matthew
14 Oct 2016, 01:34 PM
If there are 2,000 empty rentals and 15,000 available for sale houses then people on the fringes will buy, not rent.
So how many new investors will buy an IP with 11,000 available rentals?
Edited by Jimbo, 14 Oct 2016, 03:50 PM.
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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