If you purchase a house for $400, 000 than at that time it is actually worth less because you were the highest bider. Therfore at the moment of purchase it is to the value of the second highest bider as you can't sell it to yourself.
Did you purchase in Yanchep? I seem to recall you bought in another thread or whatever......... A burb that's hit the news recently with an out a control party?
Holy crap Bogan burb..........
ps make sure kiddies can swim in that lagoon................... nothing worse than living in a burb near an ocean and no one know swimming..............
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.
Did you purchase in Yanchep? I seem to recall you bought in another thread or whatever......... A burb that's hit the news recently with an out a control party?
Holy crap Bogan burb..........
ps make sure kiddies can swim in that lagoon................... nothing worse than living in a burb near an ocean and no one know swimming..............
Didn't buy. rental
Kids love the beach and we're there every day since it's 10 min walk
Been too busy fishing, snorkeling, surfing and exploring to watch the news
So the story appears to only have affected you.
It's great here. Me and my family have never been happier- so beautiful!
I hope these parties keep up, it will help with my eventual purchase price. Thanks.
Xi's Plan to Create New Shenzhen Triggers Building Share Frenzy Link
BBMG heads for biggest daily advance since July 2009
Benchmark Hang Seng Index extends last quarter’s gain
Chinese construction shares surged after Xinhua News Agency reported President Xi Jinping will create a new economic zone in Hebei province to rival Shenzhen and Pudong district in Shanghai.
BBMG Corp. jumped more than 40 percent at the midday break in Hong Kong to lead gains among cement producers, while Tianjin Port Development Holdings Ltd. headed for its biggest gain in eight years. Xinhua reported on Saturday China plans to set up Xiongan New Area in Hebei province, nearby to Beijing. The Hang Seng Composite Index climbed 0.4 percent. Mainland Chinese markets are closed for a holiday until Wednesday.
The new economic area, located about 100 km southwest of downtown Beijing, will span three counties that sit at the center of the triangular area formed by Beijing, Tianjin, and Hebei’s provincial capital Shijiazhuang, Xinhua reported on Saturday, and will help to phase out non-key functions from Beijing. By Sunday, the government had suspended all property sales in the new zone to prevent speculation. Separately, Xi will meet U.S. President Donald Trump this week.
“Cement, construction and port-related stocks are surging on the news that China plans to set up a new economic zone in Hebei province,” said Bill Bowler, a sales trader at Forsyth Barr Asia Ltd. in Hong Kong. “This would be one of the centerpieces of a high-level development plan for the Beijing-Tianjin-Hebei region. I would liken it to the development of a brand new New York City, with Beijing as Washington. The regional plan has been termed a ‘1000-year project’; the first of its kind since Mao.”
The Hang Seng Index gained 0.3 percent, extending its 9.6 percent advance in the first quarter. Hong Kong financial markets will be closed Tuesday. Monetary tightening will likely continue to be a theme for investors in the second quarter. The People’s Bank of China raised interest rates for standing lending facility loans, aimed mainly at small- and medium-sized financial institutions, over the weekend. The central bank will probably keep a tight rein on money-market rates this year, raising the cost of short-term funds at least twice in moves that will pressure bonds, according to a Bloomberg survey.
Tianjin followed a number of Chinese cities to roll out additional property-market cooling measures on Saturday.
BBMG soared as much as 46%, the most since July 2009. Hebei is among core strategic regions for BBMG’s cement business: statement. China National Building Material Co. climbed 10.8% and Asia Cement China Holdings added 5.2%. Tianjin Port Development Holdings jumped 17%.
Galaxy Entertainment Group Ltd. gained 0.6% after data showed Macau’s casino revenue growth in March accelerated at the fastest pace in eight months, as both high rollers and leisure gamblers return to the world’s largest gaming hub.
Guangzhou Automobile Group Co. climbed 3.9% in Hong Kong after its rating was raised to buy from neutral by Angus Chan at Bocom International Holdings Co. China Eastern Airlines Corp. slipped 2.8% in Hong Kong after its rating was cut by Ajith Kom at UOB Kay Hian Pte Ltd.
CT Environmental Group Ltd. fell 1.8% after its rating was lowered to neutral from outperform by Alan Hon at Macquarie Group Ltd.
Take risks - if you win you will become wealthy, if you lose you will become wise
If there are a lot of stressed vendors as often claimed then discounts of $100K should be available, and if the median falls a little more then who cares, it will all be restored eventually.
I could be wrong but I don't think buyers from China are a big force in Perth residential property, but they may be buying commercial assets, mines, farming assets etc. Property prices in Karratha overshot on the way up, and they overshot on the way down. Prices seem to have found a bottom or close to it.
However I wouldn't buy in a mining town. I lived in one for a couple of years and they are too volatile IMHO.
Im not talking about chinese buying in perth. Im talking about the chinese buying the resources that come from WA. Perth depends on miners and mining. If mining picks up due to chinese buying resources then the mining workers will come back and this should help to fill all the vacant properties.
But as was pointed out by anothr member, the problem now is that majority of the mining workers where there to help expand the mines. Now those mines have been expanded and it takes very little amount of workers to make it run. So it looks like perth and WA could be in for a lengthy downturn
I hope these parties keep up, it will help with my eventual purchase price. Thanks.
Nothing wrong to dream when wanting to live with tra$h who don't take pride in their neighbourhood.
HAAAAAAAAAAAAAAAAAAAAAAAAAAAA
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.
Nothing wrong to dream when wanting to live with tra$h who don't take pride in their neighbourhood.
HAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Yeah. Everybody's absolute filth here. When I walk to the beach in the morning no one smiles and says good morning. No one says welcome to Yanchep with a big warm smile.
They all just do burn outs and throw there empty stubies at me. All this sun ,surf, fishing, snorkeling has sure made them mad!
Maybe it's the open spaces and wildlife that's pissed them off?
It's so depressing here.
I wish I was in Sydney. It's expensive but the people are wonderful, warm and welcoming. Just smiling faces.
I deeply regret moving here. We are miserable .
You are so right to laugh at me. This place blows!
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