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When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,203 Views)
newjez
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Tommy
15 Apr 2017, 12:40 PM
Don't know where trig is but I'm getting some waves just out the front in Yanchep.
Trigg and Scarborough are the surf beaches I used to frequent. But it's been awhile.
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Fruitbat
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newjez
15 Apr 2017, 01:50 PM
Trigg and Scarborough are the surf beaches I used to frequent. But it's been awhile.
Trigg and Scarborough are the main surf beaches. Yanchep surfing? There is a small break at two rocks that Im aware of but nothing in Yanchep.
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Veritas
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More great news for those valiant and wise WA bears

http://www.abc.net.au/news/2017-08-08/perth-unit-owners-in-for-prolonged-market-pain-amid-slow-market/8781630

Perth prices continue to fall and fall.

As predicted.

Matthew, where is the balanced market you promised us? :lol

There aren't enough eggs in the world to do the job required on your face.

Maybe Shadow will regale us with the fables about the magic cycle that is going to send prices to the moon?

Lord knows, there are thousands of Perth landlords who could use a gee up.



Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Foxy
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Veritas
9 Aug 2017, 01:15 AM
More great news for those valiant and wise WA bears

http://www.abc.net.au/news/2017-08-08/perth-unit-owners-in-for-prolonged-market-pain-amid-slow-market/8781630

Perth prices continue to fall and fall.

As predicted.

Matthew, where is the balanced market you promised us? :lol

There aren't enough eggs in the world to do the job required on your face.

Maybe Shadow will regale us with the fables about the magic cycle that is going to send prices to the moon?

Lord knows, there are thousands of Perth landlords who could use a gee up.



It is so bad...
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Dr Kinetoscope
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Veritas
9 Aug 2017, 01:15 AM
More great news for those valiant and wise WA bears

http://www.abc.net.au/news/2017-08-08/perth-unit-owners-in-for-prolonged-market-pain-amid-slow-market/8781630

Perth prices continue to fall and fall.

As predicted.

Matthew, where is the balanced market you promised us? :lol

There aren't enough eggs in the world to do the job required on your face.

Maybe Shadow will regale us with the fables about the magic cycle that is going to send prices to the moon?

Lord knows, there are thousands of Perth landlords who could use a gee up.



They will never eat their humble pie.

Because they are lifelong Perth residents and always will be, therefore they have a deep emotional connection to their properties & the prospects of the Perth market.

Fair enough i guess. But that's why you never hear an utterance from the Perth investors on any other property market in Australia. They are too blinkered and bogged down in their own patch and will blag on and on and on about Perth until the end of time and they'll NEVER concede because of their emotional connection to their town. A bit like those people you see who have a family member who obviously committed a crime, but instead of accepting it they are willing to turn the other cheek and deny it all in the face of irrefutable evidence.

As i've always said, i quite like Perth and the surrounding areas. A bit dull, but nice nevertheless. However in my opinion the prospects of Perth will always have a very hard ceiling for growth and a very limited diversity in its economy due to it's geography.

The Perth bulls need to wake up to that fact sooner rather than later and diversify into markets that are actually worth their while.
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Rat
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Dr Kinetoscope
9 Aug 2017, 06:59 PM
The Perth bulls need to wake up to that fact sooner rather than later and diversify into markets that are actually worth their while.
You're making the same mistake the Sydney bears made in 2011-2012. Perth is going to surprise you.

In 2012, Sydney house prices had been going backwards for a decade (since the previous boom ended in 2003). Price/income ratios, price/rent ratios, and real prices were lower than 10 years previously. Combined with lower interest rates, this meant affordability was the best it had been since the 1990s. But some daft muppets expected prices to suddenly crash. Some of them even sold their homes. Then prices doubled in five years. It was obvious to anyone with any brains that this would happen. After a decade of falling and stagnating prices, a boom was inevitable.

Perth today is like Sydney in 2012. Perth prices have been going backwards since 2006, while incomes have risen and interest rates have fallen. Affordability in Perth is now much better than it has been in well over a decade. But the daft Perth muppets expect prices to suddenly crash. Silly bears never learn from their mistakes. :lol

Perth median house price to approach $1M by 2021, as foretold by the Great Lord Shadow.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Dr Kinetoscope
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Rat
9 Aug 2017, 07:23 PM
You're making the same mistake the Sydney bears made in 2011-2012. Perth is going to surprise you.

In 2012, Sydney house prices had been going backwards for a decade (since the previous boom ended in 2003). Price/income ratios, price/rent ratios, and real prices were lower than 10 years previously. Combined with lower interest rates, this meant affordability was the best it had been since the 1990s. But some daft muppets expected prices to suddenly crash. Some of them even sold their homes. Then prices doubled in five years. It was obvious to anyone with any brains that this would happen. After a decade of falling and stagnating prices, a boom was inevitable.

Perth today is like Sydney in 2012. Perth prices have been going backwards since 2006, while incomes have risen and interest rates have fallen. Affordability in Perth is now much better than it has been in well over a decade. But the daft Perth muppets expect prices to suddenly crash. Silly bears never learn from their mistakes. :lol

Perth median house price to approach $1M by 2021, as foretold by the Great Lord Shadow.
Simply saying that 'affordability' is better than it was is not a convincing case Shadow.

Sydney is an international city with a diverse, multifaceted economy, strong inflows of FDI and heavy international investment in the property market. Perth can boast none of these aspects and until it does there will be a ceiling for growth.

In terms of the mining & o&g sector in WA, i recommend investigating just how far into the implementation stages the likes of Rio, Fortescue, Roy Hill, Woodside etc are with automation. Even in the instance of Iron Ore and Oil prices skyrocketing again, those high paying jobs for maintenance engineers, drivers etc are not going to be there in the numbers that they were. As such, even in the event of a boom there will remain downward pressure on salaries and therefore downward pressure on Perth property.

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herbie
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Dr Kinetoscope
9 Aug 2017, 08:09 PM
Simply saying that 'affordability' is better than it was is not a convincing case Shadow.

Sydney is an international city with a diverse, multifaceted economy, strong inflows of FDI and heavy international investment in the property market. Perth can boast none of these aspects and until it does there will be a ceiling for growth.

In terms of the mining & o&g sector in WA, i recommend investigating just how far into the implementation stages the likes of Rio, Fortescue, Roy Hill, Woodside etc are with automation. Even in the instance of Iron Ore and Oil prices skyrocketing again, those high paying jobs for maintenance engineers, drivers etc are not going to be there in the numbers that they were. As such, even in the event of a boom there will remain downward pressure on salaries and therefore downward pressure on Perth property.
Bet ya still glad ya folded ya hand 'n bought in Sydvegas/Melvegas tho hey ya cranky cnt? ... :)

Or is ya genuinely tryin' ta tell us ya's a genuine Perthwegian - Just maybes ya could be I 'spose? ... Is ya?

'N don't f***in' run away cnt - I can see yas still here - So boltin' just won't be to your credit ... :)
Edited by herbie, 9 Aug 2017, 08:30 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Dr Kinetoscope
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herbie
9 Aug 2017, 08:24 PM
Bet ya still glad ya folded ya hand 'n bought in Sydvegas/Melvegas tho hey ya cranky cnt? ... :)

Or is ya genuinely tryin' ta tell us ya's a genuine Perthwegian - Just maybes ya could be I 'spose? ... Is ya?

'N don't f***in' run away cnt - I can see yas still here - So boltin' just won't be to your credit ... :)
I'm an outright owner in Sydney and a Sydney native.

No interest in the Perth market.

I don't see how that has to do with anything anyhow. Can you enlighten me?

If you can't stop typing in strine (whether due to brain injury or something else), at least stay on topic or type something addressing the matter.
Edited by Dr Kinetoscope, 9 Aug 2017, 09:13 PM.
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herbie
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Dr Kinetoscope
9 Aug 2017, 09:12 PM
If you can't stop typing in strine (whether due to brain injury or something else)...
Hmmm - I's considered ya kind request; 'N rejected it ... Sorries - LOL
Edited by herbie, 9 Aug 2017, 09:18 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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