Welcome Guest [Log In] [Register]


Reply
When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,208 Views)
Jimbo
Member Avatar


Matthew
11 Apr 2017, 10:40 AM
The median house price in Perth according to Landgate is down about $40k from the November 2014 peak. That is $357 per week.
According to REIWA, the median rent is currently $360 per week.

Rent includes shire rates and all home maintenance costs.

A Bankwest variable rate 30 year repayment mortgage on $475k would set you back $556.98 per week.

So someone who didn't buy in 2014 is saving $200 per week up front and is not having to fork out for repairs and rates.

Plus, they will have saved at least $40k on the purchase price if they bought today.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Foxy
11 Apr 2017, 10:59 AM
Are you mentally challenged??
No.

Quote:
 
You continually avoid the total true cost of home ownership...
No I do not. You on the other hand continually over state them.

Quote:
 
I estimate the cost of holding a property if you have an 80% loan at 7% per year.
Show your workings. I think you are off your head.
zaph
11 Apr 2017, 11:08 AM
I'd be very cautious about relying on Landgate data, it makes no adjustment for composition.
Provided you use the same data set it really does not matter. Landgate have prices down 9%-10%. Most indexes would show something very similar.

Quote:
 
Does that mean one should sell a property after 5 - 7 years and buy another that is cheaper than rent?
Why would any sane person do that?
Jimbo
11 Apr 2017, 03:43 PM
According to REIWA, the median rent is currently $360 per week.
So your opinion is that the median priced house attracts the median rent? Some of your funniest work right there.
Edited by Matthew, 11 Apr 2017, 07:02 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Jimbo
11 Apr 2017, 03:43 PM
and all home maintenance costs.
No it doesn't, you are still responsible for any damage you do to the property.


Jimbo
11 Apr 2017, 03:43 PM

A Bankwest variable rate 30 year repayment mortgage on $475k would set you back $556.98 per week.

So someone who didn't buy in 2014 is saving $200 per week up front and is not having to fork out for repairs and rates.

Plus, they will have saved at least $40k on the purchase price if they bought today.
I'm guessing this is how you diddle the numbers to keep your trading failures from the missus.

The median price in warnbro is no where near $475k, you are attempting to lie your arse off comparing a renting figure that's low with a higher purchase price.

The 4 bedder median is only $342,500 vs a rent of $340/week. So on a lvr of 80% you are looking at a loan of $274,000 with a PI payment weekly of just $297 @ a rate of 3.89% (from nab calculator)
You would save money right away just buying vs renting the median.

https://www.realestate.com.au/neighbourhoods/warnbro-6169-wa

Why do you keep trying to pull this on with us, it never works out for you :wak:






Edited by Trollie, 11 Apr 2017, 08:36 PM.
Profile "REPLY WITH QUOTE" Go to top
 
zaph
Default APF Avatar


Matthew
11 Apr 2017, 06:58 PM
No.


No I do not. You on the other hand continually over state them.


Show your workings. I think you are off your head.


Why would any sane person do that?

So your opinion is that the median priced house attracts the median rent? Some of your funniest work right there.
Quote:
 
Provided you use the same data set it really does not matter. Landgate have prices down 9%-10%. Most indexes would show something very similar.

It matters a lot. If an index is not adjusted for composition then it can erroneously show falls/gains that are just due to more expensive/cheaper properties selling.
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


zaph
11 Apr 2017, 09:44 PM


It matters a lot. If an index is not adjusted for composition then it can erroneously show falls/gains that are just due to more expensive/cheaper properties selling.
It matters not a f*** as the price is determined by the houses sold, not the houses not for sale.

Suburb to suburb data is more meaningful but only to people buying or selling in those suburbs.

But as you are a self proclaimed expert on the matter which index would you like me to use to determine the $ fall in Perth property? I await your glowing wisdom.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Matthew
11 Apr 2017, 10:06 PM
It matters not a f*** as the price is determined by the houses sold, not the houses not for sale.

Suburb to suburb data is more meaningful but only to people buying or selling in those suburbs.

But as you are a self proclaimed expert on the matter which index would you like me to use to determine the $ fall in Perth property? I await your glowing wisdom.
Hey dumb dumb, your back...

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Jimbo
Member Avatar


Matthew
11 Apr 2017, 06:58 PM
So your opinion is that the median priced house attracts the median rent? Some of your funniest work right there.
I didn't say that at all.

But the very word median would indicate that the average person would rent a median rent rental and eventually buy a median priced property.

I don't know many who have started out by renting the penthouse before buying the basement. I know quite a few who have done the reverse.
Matthew
11 Apr 2017, 06:58 PM
Some of your funniest work right there.
For your funniest work, see below.
Edited by Jimbo, 12 Apr 2017, 04:11 AM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Jimbo
12 Apr 2017, 04:09 AM
I didn't say that at all.
You have compared the median rent to the median house price repayment. If that is not what you are saying why did you make the comparison.

Quote:
 
But the very word median would indicate that the average person would rent a median rent rental and eventually buy a median priced property.
How do you figure? Exactly what is the "average person". That is an emotional statement that cannot be supported by facts at all.

Quote:
 
I don't know many who have started out by renting the penthouse before buying the basement. I know quite a few who have done the reverse.
Most people I know have moved into a more modest dwelling or further from where they used to rent when they first buy. I had mates who were Engineers at Woodside, CB&I and Flour when I was in my early 30's who rented mansions togehter in Mt Lawley, Mt Pleasant and Nedlands before buying significantly cheaper townhouses in Maylands and apartments in East Perth as their first homes. At uni mates rented in Como, South Perth, Claremont, Nedlands, Shenton Park and Cottesloe before moving to Innaloo, Karrinyup, Kardinya. Maybe we know different people. I know real people who live in the real world and you know made up people who subscribe 100% to your philosophies such as your brickie mate and your RE mate and your sons soccer dad mates and so on.

Quote:
 
For your funniest work, see below.
Listings for sale are down since I made that comment. Sales activity is up. Less listings, more sales and prices appear to have stopped falling. Bottom is in. Sorry Dimshit but yet again you missed it.
Edited by Matthew, 12 Apr 2017, 02:48 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Jimbo
Member Avatar


Matthew
12 Apr 2017, 02:43 PM
You have compared the median rent to the median house price repayment. If that is not what you are saying why did you make the comparison.
You are a tool Matey.

The average person will pay the average rent when they are renting.

The average person will buy an average house when they buy.

At the moment, someone who has spent the last three years paying the average rent will have saved money compared to someone who bought the average house three years ago.

That is a fact Matey.

Is it Easter yet?

Are you ready to come out of hibernation to claim victory?
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.
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Jimbo
12 Apr 2017, 03:30 PM
You are a tool Matey.

The average person will pay the average rent when they are renting.

The average person will buy an average house when they buy.

Who is the average person Dimshit? What is the average house? What does the average person earn?

You are clueless.

Quote:
 
At the moment, someone who has spent the last three years paying the average rent will have saved money compared to someone who bought the average house three years ago.
Given that the average house purchased is not the same as the average house rented that statement is absolutely irrelevant.

Quote:
 
That is a fact Matey.
Bullshit.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
DealsFor.me - The best sales, coupons, and discounts for you
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy