Why does a person with an admission of no interest in buying attend home opens? You are full of the proverbial brown stuff mate. Fooling nobody.
Market research. He's operating outside the narrative and therefore not relying on someone else to tell him when, where, and what to buy.
Plus as I keep saying, in this age of fake news your only chance of having any idea what is happening is to study what actual people are saying. I have no idea why you're not interested in doing that. Even if you're not interested in buying doesn't mean you shouldn't be interested in managing your portfolio. And you can't manage it well if you don't do the market research.
Yes it's not a crash and nowhere near the 40% expected, but someone will be getting a 20% or 25% discount, but it won't be those who wait to see an upturn in the index for s signal.
thats because innvestors are hanging on hoping that it will turn soon. They are even happy to drop rent for now hoping demand picks up soon.
The problem is that the macro fundamentals are getting worse for perth and another year or so and you will see investors give up and sell up, especially if rents keep dropping or vacancy rates keep going up.
thats because innvestors are hanging on hoping that it will turn soon. They are even happy to drop rent for now hoping demand picks up soon.
The problem is that the macro fundamentals are getting worse for perth and another year or so and you will see investors give up and sell up, especially if rents keep dropping or vacancy rates keep going up.
Maybe, or you might be completely wrong.
I would need to visit Perth and see who really is buying in the suburbs, but my guess is they are small mum and dad investors who are more savvy than you think. As long as they have the cash flow to hang on and cover any period without a tenant they know that they are buying at a discount. The holding costs are tax deductible even if they are positively geared overall. If they are in a well paid job paying 47 cents tax then they get almost half of their holding costs back.
It's a matter of maths and I don't think you have done them.
Take risks - if you win you will become wealthy, if you lose you will become wise
Well, tha long 'n short of it from my perspective, is if ya's a bit unsure then ya hedge ya bets.
'N if ya's really, really confident (either way) then ya makes a big call - But ya don't get ta whinge if ya gets it wrong; Ya just gets ta take it up tha arse! - LOL
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
I would need to visit Perth and see who really is buying in the suburbs, but my guess is they are small mum and dad investors who are more savvy than you think.
My RE friend says that new investor activity has fallen back a fair bit over the last six months. Most sales are to people doing what they have always done which is moving house.
If you are moving house within the same market, price falls don't matter (you sell for less, buy for less, zero sum game).
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.
Why does a person with an admission of no interest in buying attend home opens? You are full of the proverbial brown stuff mate. Fooling nobody.
Desire for a home depends entirely on price. If they offer low enough, I'll buy. Wouldn't you? The bigger question is, why would anyone want to buy a home if they already have one? To extract money from their neighbours without having to work for it, of course!
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