Mike, we all know the last three months Data is inaccurate as stated by landgate, where most of the data is derived from. The people who derive the data may fail to display the warning, but someone such as yourself who is a professional should know better.
Luckily the ABS waits a longer time frame prior to publishing its data hence why I posted links to it. Take it up with the ABS.
Luckily the ABS waits a longer time frame prior to publishing its data hence why I posted links to it. Take it up with the ABS.
Yes Mike, and you made a hash of the data by adding together percentages and coming to the wrong conclusions. The classic was your thinking that the quarterly RP data figure was for the current quarter to date and not the rolling quarter to date. Adding the December quarter data to the RP rolling quarter in mid January. You double counted the rise in prices and posted a thread with a title which was completely untrue.
Skammy does similar stupid shit. Taking the REIWA vacancy rate as a high point, comparing it to the always lower SQM vacancy rate and claiming that vacancy rates have dramatically fallen.
You may post a few factual links here and there Mikey, but your thread titles are complete bullshit. Headlines to scare those holding off from buying into thinking they are about to be priced out.
Insanely, you, Matey and Skammy seem to think you possess such powers.
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.
Keep sitting on your Easter eggs Matt, who knows, they may hatch!
It is easy to be an objective observer if you are not welded onto to an outcome. Like Dim and Veritarse - both need a crash and refuse to entertain any possible outcome that does not deliver said crash.
I am not selling, and I am not buying.
So when I see record building approvals in the residential sector and slowing population growth I can see that will lead to an over supply. And with the WA State Government changing their FHB grant in May 2014 driving FHB's to new builds you could see that as houses were completed, and FHB's left their rental for their new build that rental listings would rise. Which happened.
And if you look at what is happening now - that the population continues to rise and that building starts have collapsed then it is not hard to see what will happen next.
Don't forget not every new build adds a new house, something Dim glosses over like the moron he is.
We are now at a point that the worst is behind the oversupply. The market is still over supplied, and prices will continue to soften, but it is exceptionally unlikely prices will fall from here at a rate faster than the weekly rent. There will be no crash.
Anyone renting waiting to pick the absolute bottom is likely to miss that point. At the very least they will not save any money in real terms.
3,526 blocks sold according to REIWA in 60 weeks. Says it all.
My only hope for my three boys is that they turn out nothing at all like Chris.
It is easy to be an objective observer if you are not welded onto to an outcome. Like Dim and Veritarse - both need a crash and refuse to entertain any possible outcome that does not deliver said crash.
I am not selling, and I am not buying.
So when I see record building approvals in the residential sector and slowing population growth I can see that will lead to an over supply. And with the WA State Government changing their FHB grant in May 2014 driving FHB's to new builds you could see that as houses were completed, and FHB's left their rental for their new build that rental listings would rise. Which happened.
And if you look at what is happening now - that the population continues to rise and that building starts have collapsed then it is not hard to see what will happen next.
Don't forget not every new build adds a new house, something Dim glosses over like the moron he is.
We are now at a point that the worst is behind the oversupply. The market is still over supplied, and prices will continue to soften, but it is exceptionally unlikely prices will fall from here at a rate faster than the weekly rent. There will be no crash.
Anyone renting waiting to pick the absolute bottom is likely to miss that point. At the very least they will not save any money in real terms.
3,526 blocks sold according to REIWA in 60 weeks. Says it all.
If you are not selling, and you are not buying, one wonders why you are so infatuated?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
So when I see record building approvals in the residential sector and slowing population growth I can see that will lead to an over supply. And with the WA State Government changing their FHB grant in May 2014 driving FHB's to new builds you could see that as houses were completed, and FHB's left their rental for their new build that rental listings would rise. Which happened.
And if you look at what is happening now - that the population continues to rise and that building starts have collapsed then it is not hard to see what will happen next.
OK Matey, in early February 2015, REIWA reported 8323 available rentals. This climbed to 8905 by the end of the summer.
At the end of August 2015, the number had dropped back to 8203.
So during the winter months last year, supply tightened by 700 rentals (according to REIWA).
What happened next Matey? Over the next nine months, supply increased by 3000.
So this steady increase in supply you are talking about didn't happen Matey. It rose a lot, dropped back a bit in the winter and then rose a hell of a lot more.
Every year around this time, supply of both rentals and property for sale tightens a little bit. Soon after, supply increases. This year, we will be starting from a higher baseline.
Quote:
Don't forget not every new build adds a new house, something Dim glosses over like the moron he is.
No Matey, you are getting confused. I have never claimed that one start adds one new dwelling. It is you who claims that one REIWA recorded block sale equals one new dwelling and you ignore the apartments being chucked up all over the place and the block splitting which are not recorded as land sales by REIWA.
Matthew
25 Aug 2016, 03:47 PM
And if you look at what is happening now - that the population continues to rise and that building starts have collapsed then it is not hard to see what will happen next.
Starts are down by 25%, population growth is down by 50%.
What happens next? Growing oversupply by the looks of it.
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.
OK Matey, in early February 2015, REIWA reported 8323 available rentals. This climbed to 8905 by the end of the summer.
At the end of August 2015, the number had dropped back to 8203.
So during the winter months last year, supply tightened by 700 rentals (according to REIWA).
What happened next Matey? Over the next nine months, supply increased by 3000.
So this steady increase in supply you are talking about didn't happen Matey. It rose a lot, dropped back a bit in the winter and then rose a hell of a lot more.
Every year around this time, supply of both rentals and property for sale tightens a little bit. Soon after, supply increases. This year, we will be starting from a higher baseline.
No Matey, you are getting confused. I have never claimed that one start adds one new dwelling. It is you who claims that one REIWA recorded block sale equals one new dwelling and you ignore the apartments being chucked up all over the place and the block splitting which are not recorded as land sales by REIWA.
Starts are down by 25%, population growth is down by 50%.
What happens next? Growing oversupply by the looks of it.
In the weeks between week ending June 30 2015 and August 25 last year listings for completed dwellings for sale increased 223. Rentals 49.
In the 8 weeks between July 5 2016 and August 23 this year listings for completed dwellings for sale fell 240 while rentals fell 39.
Last year the trend at this time was up. This year it is down.
Last year we were completing dwellings at a record rate. This year we are not.
Thanks for proving my point. You will ignore the obvious trend that is forming because it does not suit the outcome you want.
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