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When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,205 Views)
herbie
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Rufus
13 Apr 2017, 10:55 PM
Based on the records I have for the CoreLogic Daily index, the peak of 632.54 occurred on the 4th January 2015.

Today it is 568.33, so on that index it's down 10.15% ( https://www.corelogic.com.au/research/daily-indices.html )

But maybe houses have fallen less than the all dwellings index. Either way, 10% is a correction, not a crash, although Perth may have more downside left.
Interestin' that their new supply seems ta be right down 'tho Rufus - Accordin' ta Matusik:

http://us8.campaign-archive2.com/?u=1c5572de85655446f0c283f04&id=46f1377bbb&e=c0a453dd0f

Guess their numptie builders 'n developers just mighta got tha hint 'n decided ta lay off their buildin' 'n developin' just maybes?
Edited by herbie, 13 Apr 2017, 11:39 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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newjez
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herbie
13 Apr 2017, 11:36 PM
Interestin' that their new supply seems ta be right down 'tho Rufus - Accordin' ta Matusik:

http://us8.campaign-archive2.com/?u=1c5572de85655446f0c283f04&id=46f1377bbb&e=c0a453dd0f

Guess their numptie builders 'n developers just mighta got tha hint 'n decided ta lay off their buildin' 'n developin' just maybes?
Just from driving around Herbie, I would say not. Still lots of building going on. Lots of work happening on the roads too.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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herbie
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newjez
14 Apr 2017, 12:46 AM
Just from driving around Herbie, I would say not. Still lots of building going on. Lots of work happening on the roads too.
You're on tha ground there 'n not me Newjez.

While his (Matusik's) punt on Brisvegas woz less bearish than I'd like ta have seen, I's gunna stick ta me original call of a likely softening before too long too. (In tha CBD apartment market specifically.)

'N hey, if I's wrong, it won't be tha first time or surely even tha last most likelys ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Foxy
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Zero is coming...

hidflect
13 Apr 2017, 10:35 PM
The pool of money off-shored by the Chinese is beginning to run out since the Chinese govt. cracked down on the iron ore rort they used to get money out. As a result we see NY commercial sales crashing now by 80%
New York’s Office Market Gets Crushed, Bubble Deflates


The reason Commercial Realty goes first is because they are big ticket items usually running into $100's of Millions. I wonder how much is left in the pool to sustain global housing purchases? 3 months? 5 months? Unless they can bribe their way high up enough the ladder to allow the spigot to turn back on, they're doomed.

And with the demise of the IO money laundering, the price of IO is also dropping swiftly (if you need evidence the laundering is behind the hot money). Watch the IO price. It will tell you if any new money is coming through.
Iron ore price drops to five-month low

The Bull's business model is predicated on fraud and corruption.. but they know that already.
yep,
Talked to a guy today, he had a fair sized electrical retailer in Perth, it fell on hard times.
Closed it.
Landtax bill went from $45,000 pa to $90,000 pa.

He now has a very nice little fast food van.

He is happy as Larry.


http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Jimbo
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Matthew
13 Apr 2017, 09:38 PM
The numbers were provided n post 195 of this thread Dimshit. Don't make me repeat myself because you are a smug f***.
You provided some numbers Matey. None of them showed that it was cheaper to buy in 2014 than it has been to rent since 2014.

What you said was this.

Quote:
 
The median house price in Perth according to Landgate is down about $40k from the November 2014 peak. That is $357 per week


So what you are saying is that someone who bought in 2014 has lost $357 per week.

They would have paid around $550 per week in mortgage costs.

Plus shire rates of around $4000.

(I won't include home maintenance costs).

So someone buying in 2014 has been paying around $580 a week to lose $40,000.

When they could have rented a nice place for $580 a week and not lost $40,000.

Edited by Jimbo, 14 Apr 2017, 06:38 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.
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Black Panther
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Jimbo
14 Apr 2017, 03:58 AM
You provided some numbers Matey. None of them showed that it was cheaper to buy in 2014 than it has been to rent since 2014.

What you said was this.




All you have said is that someone who bought in 2014 has lost $357 per week.

Fair enough.
They declined 3.3 per cent from 2010-17, a stark contrast to the almost 200 per cent increase of 2000-07.

Are the bears so stupid to believe this is a victory for them.

Seriously delusional.

And now you are all nervous that the Perth market is on the verge of going up again.
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Jimbo
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Black Panther
14 Apr 2017, 06:31 AM
They declined 3.3 per cent from 2010-17, a stark contrast to the almost 200 per cent increase of 2000-07.
Effing sweet if you sold at the peak in 2014 before they began their 10% (and counting) decline.

Effing sweet.
Black Panther
14 Apr 2017, 06:31 AM
And now you are all nervous that the Perth market is on the verge of going up again.
It was on the verge of going up again this time last year as well according to you Mike.

How did that work out again?
Edited by Jimbo, 14 Apr 2017, 06:42 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.
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newjez
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Jimbo
14 Apr 2017, 03:58 AM
You provided some numbers Matey. None of them showed that it was cheaper to buy in 2014 than it has been to rent since 2014.

What you said was this.




So what you are saying is that someone who bought in 2014 has lost $357 per week.

They would have paid around $550 per week in mortgage costs.

Plus shire rates of around $4000.

(I won't include home maintenance costs).

So someone buying in 2014 has been paying around $580 a week to lose $40,000.

When they could have rented a nice place for $580 a week and not lost $40,000.
It's really not a difficult concept.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Tommy
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Black Panther
14 Apr 2017, 06:31 AM
They declined 3.3 per cent from 2010-17, a stark contrast to the almost 200 per cent increase of 2000-07.

Are the bears so stupid to believe this is a victory for them.

Seriously delusional.

And now you are all nervous that the Perth market is on the verge of going up again.
Hahaha. You clearly haven't seen it over here. There is so much stock! And still building! Population negative! Land for Sale everywhere! THERE'S MORE HOUSES THEN PEOPLE. Population growth negative.

Perth going back up? Are you still clinging to those may figures? Maybe have another look mate.
newjez
14 Apr 2017, 08:38 AM
It's really not a difficult concept.
Speculators can only calculate 2 sets of numbers. ( very simple creatures)

Bought for? Sold for?

These people spend 1 million dollars! Seriously only considering those to figures.

Without these very simple creatures a house that rents for 500 a week wouldn't cost 1million. That simple.
Edited by Tommy, 14 Apr 2017, 09:29 AM.
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newjez
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Tommy
14 Apr 2017, 09:21 AM
Hahaha. You clearly haven't seen it over here. There is so much stock! And still building! Population negative! Land for Sale everywhere! THERE'S MORE HOUSES THEN PEOPLE. Population growth negative.

Perth going back up? Are you still clinging to those may figures? Maybe have another look mate.

Speculators can only calculate 2 sets of numbers. ( very simple creatures)

Bought for? Sold for?

These people spend 1 million dollars! Seriously only considering those to figures.

Without these very simple creatures a house that rents for 500 a week wouldn't cost 1million. That simple.
If it weren't for all the government spending going on, Perth would be on its arse.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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