The point was valid. If it was not valid you would have been able to challenge the point instead of skipping down Irrelevant Tangent Way.
If people are buying established houses rather than land as you claim, why have house sales volumes dropped?
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.
If people are buying established houses rather than land as you claim, why have house sales volumes dropped?
Land sales as a percentage of all property transactions (according to REIWA's full set of charts, not just the one you like the look of today) in the 12 months to June 2016 are just 20%. This is down from 27.5% in 2012/13 and 27% in 2013/14.
House sales account for 66.3% up from 58.6% in 2012/13 and Units are steady at 13.7% (13.9% in 2012/13).
You don't even have to be intelligent to see what I am saying is correct.
Are you deliberately misleading Dimshit, or simply so clueless that you don't know what you are talking about?
Land sales as a percentage of all property transactions (according to REIWA's full set of charts, not just the one you like the look of today) in the 12 months to June 2016 are just 20%. This is down from 27.5% in 2012/13 and 27% in 2013/14.
Yes Matey, because people still move house whatever the market conditions. Selling one to buy another is pretty much a zero sum game in either a rising or a falling market. Land sales are generally for new entrants into the market.
Overall, demand for all housing is down as evidenced in the reduced volumes of land, unit and house sales.
Demand for new housing is down as evidenced in the reduced land sales volumes.
If demand increases, more land will sell, more houses will be built, demand will be met.
Is more land selling Matey?
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.
If demand increases, more land will sell, more houses will be built, demand will be met.
Yes Dimshit. That is why Perth did not have a 1.8% vacancy rate in 2012, or 13% price increase in 2013. It is why Sydney and Melbourne are not having massive increases in property prices today.
Because the supply side of the dynamic adjusts in perfect unison with the demand side in each and every occasion without fail.
Right?
No.
My only hope for my three boys is that they turn out nothing at all like Chris.
Yes Dimshit. That is why Perth did not have a 1.8% vacancy rate in 2012, or 13% price increase in 2013. It is why Sydney and Melbourne are not having massive increases in property prices today.
Because the supply side of the dynamic adjusts in perfect unison with the demand side in each and every occasion without fail.
Right?
No.
Yes Matey, because in 2012 there was a demand for rentals and a lack of supply.
So people like you stocked up on IP's hoping to cash in.
The vacancy rate went up and along with it, house prices.
But now there are too many rentals and people like you are not stocking up on IP's and prices are falling.
Meanwhile, people who were fed up with paying high rent, went out and bought house and land packages en masse, incentivised by the state government to do so.
Then the jobs market lost its glitter and migration rates began to collapse.
So now there are fewer new people looking to enter the market so less land is selling and fewer houses are being built.
Do try to keep up Matey.
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.
Alrighty, been talking with WA business + old employees - now its time for an update on the lovely West:
Reality, I am being told Perth is horrible on all fonts if you think otherwise please note the following procedure:
1) Pop head out of asshole. 2) Learn basic maths (otherwise, you won't get the rest). 3) Think - or get out of the house and have a talk to real people on the street.
The Bear forecast - This was not rocket science and basically all APF bears agreed: posted way back 2013
All the ore stocks are priced as though iron ore is already $80 a tonne, IMHO I can see ore getting back down to $50 a tonne in the medium term.
The big question is when will interest rates start to rise?
Perth = bloodbath waiting to happen.
Perth:
2013 = 7% -10% 2014 = flat 2015 = down 2016 = bloodbath 2017 = zombie town
Thus what I ma hearing is clear: this timeline is still on target
Furthermore, what is clear is that Perth is a slow train wreck! "we are just hanging on" is what my sources are saying. So this may make 18 /19 the time to once again have alook @ Perth.
Additionally pleae note - this is coming fromlads and ladettes including R/E agents that have been around the game a long time - recessions etc!
The theme was - people still cant believe or accept that to move their property they have to drop their price to meet the market.
Many new potential / appraisals saying ill sit it out if thats the case & I dont have the money up front to advertise on re.com if im not going to get any decent offers why waste a few grand i dont have - all this despite massive surge in listings
Alrighty, been talking with WA business + old employees - now its time for an update on the lovely West:
Reality, I am being told Perth is horrible on all fonts if you think otherwise please note the following procedure:
1) Pop head out of asshole. 2) Learn basic maths (otherwise, you won't get the rest). 3) Think - or get out of the house and have a talk to real people on the street.
The Bear forecast - This was not rocket science and basically all APF bears agreed: posted way back 2013
All the ore stocks are priced as though iron ore is already $80 a tonne, IMHO I can see ore getting back down to $50 a tonne in the medium term.
The big question is when will interest rates start to rise?
Perth = bloodbath waiting to happen.
Perth:
2013 = 7% -10% 2014 = flat 2015 = down 2016 = bloodbath 2017 = zombie town
Thus what I ma hearing is clear: this timeline is still on target
Furthermore, what is clear is that Perth is a slow train wreck! "we are just hanging on" is what my sources are saying. So this may make 18 /19 the time to once again have alook @ Perth.
Additionally pleae note - this is coming fromlads and ladettes including R/E agents that have been around the game a long time - recessions etc!
The theme was - people still cant believe or accept that to move their property they have to drop their price to meet the market.
Many new potential / appraisals saying ill sit it out if thats the case & I dont have the money up front to advertise on re.com if im not going to get any decent offers why waste a few grand i dont have - all this despite massive surge in listings
Alrighty, been talking with WA business + old employees - now its time for an update on the lovely West:
Reality, I am being told Perth is horrible on all fonts if you think otherwise please note the following procedure:
1) Pop head out of asshole. 2) Learn basic maths (otherwise, you won't get the rest). 3) Think - or get out of the house and have a talk to real people on the street.
The Bear forecast - This was not rocket science and basically all APF bears agreed: posted way back 2013
All the ore stocks are priced as though iron ore is already $80 a tonne, IMHO I can see ore getting back down to $50 a tonne in the medium term.
The big question is when will interest rates start to rise?
Perth = bloodbath waiting to happen.
Perth:
2013 = 7% -10% 2014 = flat 2015 = down 2016 = bloodbath 2017 = zombie town
Thus what I ma hearing is clear: this timeline is still on target
Furthermore, what is clear is that Perth is a slow train wreck! "we are just hanging on" is what my sources are saying. So this may make 18 /19 the time to once again have alook @ Perth.
Additionally pleae note - this is coming fromlads and ladettes including R/E agents that have been around the game a long time - recessions etc!
The theme was - people still cant believe or accept that to move their property they have to drop their price to meet the market.
Many new potential / appraisals saying ill sit it out if thats the case & I dont have the money up front to advertise on re.com if im not going to get any decent offers why waste a few grand i dont have - all this despite massive surge in listings
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