Assuming no disaster from China, things should start improving.
Too early for me. But then, I'm not expecting fireworks.
Listings are high and time to sell has been getting longer. Those who have been holding out by using credit cards and savings will be getting to the end of their tether.
This thing still has a good way to run.
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.
Assuming no disaster from China, things should start improving.
Too early for me. But then, I'm not expecting fireworks.
I think it's way too early to buy for an investment because the property will struggle to find a tenant, so any cashflow difficulties have to be compensated for in the price, but a PPOR doesn't matter so much because the buyer would be paying rent anyway.
Could still be another leg down, but we could say that about any market at any time. Perth will take a long time to recover, I can't see another iron ore or gas boom on the horizon, can you?
Take risks - if you win you will become wealthy, if you lose you will become wise
They said it last year, the year before and the year before that.
Too.much.irony!!!!!
Jimbo
2 Jul 2017, 04:02 AM
Listings are high and time to sell has been getting longer. Those who have been holding out by using credit cards and savings will be getting to the end of their tether.
This thing still has a good way to run.
You've been claiming this kind of crap for years now mystic jim. Those must be some patient credit card companies
I think it's way too early to buy for an investment because the property will struggle to find a tenant, so any cashflow difficulties have to be compensated for in the price, but a PPOR doesn't matter so much because the buyer would be paying rent anyway.
Could still be another leg down, but we could say that about any market at any time. Perth will take a long time to recover, I can't see another iron ore or gas boom on the horizon, can you?
I've heard talk of a world boom, but equally of a crash.
One thing that worries me is Sydney and Melbourne seems to be ticking up again. Will the government try and suppress them? Could this affect Perth?
I have a five year plan, and I'm keeping an eye on things.
I've heard talk of a world boom, but equally of a crash.
It's a world boom forget about a crash.
As for gas come back in the west, the eastern states will have a noticeable uptick in bringing on new supply well before the west does. NSW will probably have to lift it's CSG moratorium as well, we need more production now.
Sydney and Melbourne economies will be booming for the foreseeable.
You've been claiming this kind of crap for years now mystic jim.
Link?
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.
I've heard talk of a world boom, but equally of a crash.
One thing that worries me is Sydney and Melbourne seems to be ticking up again. Will the government try and suppress them? Could this affect Perth?
I have a five year plan, and I'm keeping an eye on things.
You will remember when every city had it's snobby suburbs where the wealthy tended to buy, and the aspirational stretched themselves to buy there. That's still true but now we have a large global population who can afford our snobby suburbs, not just some locals born into money.
20 years ago Chinese, or Indian, or Pakistani, or Malaysian, or Korean, or Taiwanese wouldn't have thought of buying a house in Australia, it would have been beyond them, but not anymore. The Global Village has arrived.
Will governments do anything about it? Maybe, I really don't know the answer to that question.
APRA have the tools to target cities, they may use the tools. It didn't seem to help in Auckland, and in Canada Vancouver and Toronto are rising despite the local efforts. It will all stop someday, but it's just not like previous cycles. 25 years without a recession should tell us that it more longevity than the usual cycle.
Take risks - if you win you will become wealthy, if you lose you will become wise
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