Jimbo you are yet again making an absolute mountain out of a molehill.
House prices in WA are roughly where they were in 2007 a decade ago when there was 540305 less people in WA than there is today (from the ABS). Yet here are you still fantasising a house price crash just because a couple of thousand of these people went home again.
You really really need to dump the doomsters Jimbo, while you can still get some decent buying in your suburbs.
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.
House prices in WA are roughly where they were in 2007 a decade ago when there was 540305 less people in WA than there is today (from the ABS). Yet here are you still fantasising a house price crash just because a couple of thousand of these people went home again.
Yes Skammy, there are more people here than in 2007. There are also a hell of a lot more houses and a shed load of apartments. Much more than are needed to house the existing population.
There is still a lot of stock to come onto the market as well with apartment projects conceived when we were growing by 80,000 people a year being completed into a market where the population is growing at less than a third of that rate.
So pretty soon, we won't really be needing to build that many houses.
All those residential construction workers scratching around with nothing to do, mortgages and bills to pay.
Unemployment at 6.9%, the lowest population growth rate on record for WA, rental vacancies at near record highs, sales listings 50% higher than just two years ago.
Retail spending growth in the doldrums, new car sales going backwards, state government coffers blown on trinkets.
It sure is looking rosy Skammy.
Peaches and cream.
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.
Yes Skammy, there are more people here than in 2007. There are also a hell of a lot more houses and a shed load of apartments. Much more than are needed to house the existing population.
There is still a lot of stock to come onto the market as well with apartment projects conceived when we were growing by 80,000 people a year being completed into a market where the population is growing at less than a third of that rate.
So pretty soon, we won't really be needing to build that many houses.
All those residential construction workers scratching around with nothing to do, mortgages and bills to pay.
Unemployment at 6.9%, the lowest population growth rate on record for WA, rental vacancies at near record highs, sales listings 50% higher than just two years ago.
Retail spending growth in the doldrums, new car sales going backwards, state government coffers blown on trinkets.
It sure is looking rosy Skammy.
Peaches and cream.
You should join them Dim. Perth is f***ed. Pack up your rental and leave.
My only hope for my three boys is that they turn out nothing at all like Chris.
You should join them Dim. Perth is f***ed. Pack up your rental and leave.
Replying to a post addressed to Skammy?
I wonder?
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.
30 people a day escaping by train, plane or shop floor trolley? That's what happens when you don't even have a Starbucks coffee shop to boast about. Perth is outta sight expensive for anyone not already embedded from the "good ol' days" when it didn't take 3/4 of a million dollars to buy a ho-hum house.
30 people a day escaping by train, plane or shop floor trolley? That's what happens when you don't even have a Starbucks coffee shop to boast about. Perth is outta sight expensive for anyone not already embedded from the "good ol' days" when it didn't take 3/4 of a million dollars to buy a ho-hum house.
Where are you going to go if you are a prospective migrant to Australia?
Perth, where unemployment is climbing, houses are expensive, the cost of everyday living is high.
Or would you maybe prefer Brisbane or Adelaide with lower unemployment, cheaper houses, lower cost of living?
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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