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.
6 months to June 2013 - 12,691 6 months to December 2013 - 14,692 6 months to June 2014 - 15,625 6 months to December 2014 - 16,353 6 months to June 2015 - 15,000 6 months to December 2015 - 12,897 6 months to June 2016 - 10,863.
Approvals down 34% from the peak. 1,646 approvals in June 2016 the lowest since June 2012 with the same number.
Construction falling. Population rising. And yet you think we will build an oversupply?
You are an idiot. Dead set certifiable tapped in the head idiot.
My only hope for my three boys is that they turn out nothing at all like Chris.
Approvals down 34% from the peak. 1,646 approvals in June 2016 the lowest since June 2012 with the same number.
Population growth down 64% since 2012.
Do the maths Matey. Do the maths.
Rufus
25 Aug 2016, 08:46 PM
Not saying you don't make a good point, but building approvals are not the same as completions, and then there are demolitions to factor in.
True, but as a percentage of approvals, completions will be roughly the same year on year.
Simple fact is that you can see that back in 2012, population growth and approvals were hugely out of whack. Latest numbers show that now they are not.
Trollie
25 Aug 2016, 08:39 PM
Mystic Jim, why not represent the population growth as a cumulative number. That's effectively what it means for housing
Derr, because I didn't represent building approvals as a cumulative number?
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.
Not saying you don't make a good point, but building approvals are not the same as completions, and then there are demolitions to factor in.
Any data on net completions?
Dim has avoided net completions as a topic since Adam played Full Back. it doe snot suit his firm and fixed outcome of a crash, so it is simply scratched from his definition of reality.
Jimbo
25 Aug 2016, 08:53 PM
Population growth down 64% since 2012.
Do the maths Matey. Do the maths. True, but as a percentage of approvals, completions will be roughly the same year on year.
Simple fact is that you can see that back in 2012, population growth and approvals were hugely out of whack. Latest numbers show that now they are not. Derr, because I didn't represent building approvals as a cumulative number?
Yes Dim. And because we did not build fast enough in 2012 to meet population growth what happened?
1.5% vacancy rate and a record price point in November 2014.
Then we over built. and have an over supply.
Now we are underbuilding again.
But because the second part of your "vindication" is a crash you simply refuse to believe the reality of what is occurring.
Bottom is in. Balanced market around Easter next year. If you want to buy and you are not shopping now you are an idiot. Simple as that.
Trollie
25 Aug 2016, 08:39 PM
Mystic Jim, he's a wizard with mastery of stupidity and ignorance. A powerful combination indeed.
Bought the Pound today. Easy Peasy. Candy from a baby and all that right?
Yeah back in 2012 it was mad with tenants struggling to find rentals and rental rates went up.
This year was different and it was quite an interesting market, but life does go on for some regardless.
This year for me, it was more challenging in the sense I had decreased lease renewals than previously, and I had to relook at rental rates more carefully.
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.
Dim has avoided net completions as a topic since Adam played Full Back. it doe snot suit his firm and fixed outcome of a crash, so it is simply scratched from his definition of reality.
I am looking at a hotel for sale in Perth, $14m, it has dropped its room rates by close to 40% to try to keep the rooms full.
I said to the agent look, i am in business to make money, this is not a residential house, i need to make the return to keep the hotel in good condition. Keep the customers happy, otherwise the business runs down and the customers stop coming.
Yeah back in 2012 it was mad with tenants struggling to find rentals and rental rates went up.
This year was different and it was quite an interesting market, but life does go on for some regardless.
This year for me, it was more challenging in the sense I had decreased lease renewals than previously, and I had to relook at rental rates more carefully.
What rates are we talking Blondie???
I only have 1 rental left and it is innercity redevelopment, 1,103m2 6 stories limit at the moment.
True, but as a percentage of approvals, completions will be roughly the same year on year.
Simple fact is that you can see that back in 2012, population growth and approvals were hugely out of whack. Latest numbers show that now they are not.
Not quite, completions as a percentage of approvals will fall during a recession.
Take risks - if you win you will become wealthy, if you lose you will become wise
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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