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When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,227 Views)
Simon_S
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Rufus
24 Mar 2017, 07:25 AM
Perth houses are at or very close to the bottom. You really should have bought by now if you want a home for your family. I say that not because of price but options and choice. With a PPOR things like being close to schools, family, work, shops etc have a value, and as the level of stock declines those choices become limited.

It will still be good buying in Perth for the next 12 months, but you may have missed the very best buys. No big deal though.

Remember the population growth figures we got yesterday were for Q3 2016, they may not be what is happening today. Same for all of the other data although unemployment numbers and real estate data is pretty good.

But please wait until you see prices rising, apparently you need confirmation before you buy and you enjoy paying rent.
Great let us all know when you Back all this up with a New Purchase in WA....

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Rufus
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Simon_S
24 Mar 2017, 09:24 AM
Great let us all know when you Back all this up with a New Purchase in WA....
I don't need to buy in Perth.

I note that you never ever feel the need to back up your claims to be a trader.
Don't bother doing a financial disclosure, I've seen the balance sheets of losers before and they aren't pretty.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
24 Mar 2017, 09:37 AM
I don't need to buy in Perth.

I note that you never ever feel the need to back up your claims to be a trader.
You don't but you're quick to tell everyone else they should.....

Claims?

Winning Trades Thread.

Bought the Pound Thread
15 Mar 2017, 07:35 AM Post #1077
Quote:
 
There's a good chance you'll get a bounce off from theses lows Jimbo.

Its gotten dull and narrow at previous bottoms so it might be getting ready for a change in trend.

And:
22 Mar 2017, 06:20 AM post #1117
Quote:
 
The Pound had a nice bounce last night.......Lets see how far this will run.


Claims Claims Claims........



Edited by Simon_S, 24 Mar 2017, 10:00 AM.
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Matthew
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hidflect
24 Mar 2017, 03:17 AM
"Simple." Ah, the clamshell mind of the rentier class. Have you ever heard of "opportunity cost"? It's a very basic concept in business but it has nothing to do with delusions of superiority or stepladders so you you wouldn't have heard of it.
Yes. I am fully aware of the concept and application of "opportunity cost"

Quote:
 
Instead of throwing $700K into a pile of declining bricks I can make 30%PA (at the very least) on stocks. Currently I make my weekly rent in a day or less.
So you keep saying (absent of any evidence). If however that was true you could by now have paid cash for a property and continued making the same investment returns.

A PPOR is not about the bricks mate. It is about the family structure, proximity to education, amenity and family. About kids being able to draw on walls, scratch heights into door frames. Childhood memories that cannot be interrupted by the landlord selling away your shelter.

you can make that argument of investing in stocks vs investing in houses. But not for a PPOR.

Quote:
 
Oh dear, the oven's on the blink. Fix it. Now, bitch!
You really do rent a shithole. you should move somewhere less likely to give you, your wife or kids incurable disease.

Now rents due and there is probably a rent inspection for you Monday. Make sure your master is proud of your efforts in tending to his asset ok? You wouldn't want to get evicted you smug f***.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

hidflect
24 Mar 2017, 12:22 AM
They're too busy mowing their tenants' lawns between working a second job to keep up with the interest-only loans. All the time mumbling to themselves how they are "Lords" and the dude sitting inside their house paying pennies for rent is a sucker.
It is the land tax, water rates, shire rates, insurance, maintenance, agents fees, vacancy periods.

So no rent coming in, and then on top the interest bills.

But we have been telling them for so long.

Foxbat who is a teetotal they accuse of being a drunk.

He got me selling out of the market 4 years ago.

Thanks old friend....


Matthew
24 Mar 2017, 09:59 AM
Yes. I am fully aware of the concept and application of "opportunity cost"


So you keep saying (absent of any evidence). If however that was true you could by now have paid cash for a property and continued making the same investment returns.

A PPOR is not about the bricks mate. It is about the family structure, proximity to education, amenity and family. About kids being able to draw on walls, scratch heights into door frames. Childhood memories that cannot be interrupted by the landlord selling away your shelter.

you can make that argument of investing in stocks vs investing in houses. But not for a PPOR.


You really do rent a shithole. you should move somewhere less likely to give you, your wife or kids incurable disease.

Now rents due and there is probably a rent inspection for you Monday. Make sure your master is proud of your efforts in tending to his asset ok? You wouldn't want to get evicted you smug f***.
Come on dumb dumb, let it go, come clean, tell us the truth about your investment properties.


And it just keeps getting better...


http://www.perthnow.com.au/news/western-australia/housing-fear-as-west-aussies-head-east-for-work/news-story/02c7c256d852d275a339fa17ee3023fd
Edited by Foxy, 24 Mar 2017, 10:47 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Fruitbat
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Foxy
24 Mar 2017, 10:29 AM
It is the land tax, water rates, shire rates, insurance, maintenance, agents fees, vacancy periods.

So no rent coming in, and then on top the interest bills.

But we have been telling them for so long.

Foxbat who is a teetotal they accuse of being a drunk.

He got me selling out of the market 4 years ago.

Thanks old friend....



Come on dumb dumb, let it go, come clean, tell us the truth about your investment properties.


And it just keeps getting better...


http://www.perthnow.com.au/news/western-australia/housing-fear-as-west-aussies-head-east-for-work/news-story/02c7c256d852d275a339fa17ee3023fd
Bad news for owners in "Marges" too? Or did foxy tell you that it's immune there?
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Foxy
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Zero is coming...

Fruitbat
24 Mar 2017, 11:14 AM
Bad news for owners in "Marges" too? Or did foxy tell you that it's immune there?
Hmmmm.....

And i thought we were friends...

:D :D :D
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Blondie girl
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Veritas
24 Mar 2017, 12:18 AM
Property prices still falling in WA.

The State's army of petit bourgeois landlords suffering from falling rents and high vacancy rates.

Longstanding WA bears have been proved right. The smart decision since at least 2013 has been to watch prices fall.

When will the bulls admit the WA bears were right?
Hey veritas

I have always believed in buying what can be afforded and I haven't changed that rule over the years.

Yes, the Perth rental market is somewhat challenging for some, but if one is realistic with what a prop can be rented out according to the current market decisions it does make life easier. I do get realistic feedback from PM's but I also do my own checking in the location my props are in other similar props.

In regard to buying, its about what works for you.

I currently have a vacancy in one prop and the tenants are out this Monday, the prop has been promoted for approx. 2-3 weeks (cant remember excactly) and there has been 1 bite but I did not accept it coz their financial checks was a bit iffy.. so the rental rate may need to be further reduced a little. I have been fortunate that these tenants were in the prop since 2012 and the crazy thing is they did periodic in a time when the market changed to their advantage but they never haggled for a rental rate decrease. Another good thing is the main tenant is a registered painter and he is happy to paint the areas when its been iffy over the time they leased the prop.

The hubs will be buying another prop from mid to later this yr as he has to get a prop up to scratch before it sells... (was his Mothers place).

ps
try to avoid limestone walls.....
Just telling how it is honey dumbs.


Another thing veritas?
Don't get into the trap of stewing decisions, if one overdo, compares, goes back and forth for ages one will never make that decision to buy.

Its about opportunity and if it ticks what you are requiring in the prop one should eventually put the offer in with confidence.
I have gone way past being not confident when I first started out despite family support to understanding that if one sees a prop that is quality built, or has the land to develop and its in a great location I go for it with realism to budget.
Simon_S
24 Mar 2017, 09:24 AM
Blah Blah
What you don't get is people's situations.

Some in very strong financial positions can hold long term and intentionally not develop some land in their props so their offspring has opportunity in the future.
Some need to learn about Trust stuff and tax minimising strategies.

Acquiring prop is subject to financial changes which can be for the better like part estate proceeds from the death of a parent.
Rufus
24 Mar 2017, 08:19 AM
Always hard to predict the exact bottom before it happens.
True.
However for some the current Perth market can provide opportunity for some choice in buying and understanding what suits their budget.

Visit the home opens and use the agents to forward tons of emails of props ...........

Cant hold a breath ongoing...........

:wak:

Edited by Blondie girl, 24 Mar 2017, 02:38 PM.
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.
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Jimbo
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Rufus
24 Mar 2017, 07:25 AM
Remember the population growth figures we got yesterday were for Q3 2016, they may not be what is happening today. Same for all of the other data although unemployment numbers and real estate data is pretty good.
It's not hard to see what population growth is doing. Just look at the rental market.

You can draw a very straight line between WA's population growth rate and the number of rental vacancies. If population growth starts to pick up again, the rental market will be the bellwether.
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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Rufus
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Jimbo
24 Mar 2017, 03:26 PM
It's not hard to see what population growth is doing. Just look at the rental market.
You can draw a very straight line between WA's population growth rate and the number of rental vacancies. If population growth starts to pick up again, the rental market will be the bellwether.
I agree that the rental market is an indicator, which is why I hold my view on Perth. I could be out a bit, but not much.

I assume you will already know that the rental market in Perth has tightened and vacancies have dropped for the first time in 4 years.
Asking rents are rising for the first time in 2 years, and asking prices are falling at almost a snails pace and look as though they are finding a bottom.

Others can do their own research.
Foxy
24 Mar 2017, 11:29 AM
Hmmmm.....

And i thought we were friends...

:D :D :D
He's right, Margaret River prices are falling.

Been on the nose for a while actually.

http://www.sqmresearch.com.au/asking-property-prices.php?postcode=margaret+river&t=1
Edited by Rufus, 24 Mar 2017, 05:46 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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