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Sellers take record hit in Perth housing slump!; 1 in 5 houses and more than 1/3 of all units during the March quarter sold for LESS than owners had paid for them
Topic Started: 7 Jul 2017, 01:32 AM (1,233 Views)
Dr Kinetoscope
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Truly atrocious.

http://www.perthnow.com.au/news/sellers-take-record-hit-in-perth-housing-slump/news-story/d06d75f4bfac794eeea1b35d7887d9a3
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Ex BP Golly
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Dr Kinetoscope
7 Jul 2017, 01:32 AM
No wonder they are getting upset with commute times only improving 1 minute a decade!
Edited by Ex BP Golly, 7 Jul 2017, 04:54 AM.
WHAT WOULD EDDIE DO? MAAAATE!
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Trollie
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So 75% sold at a profit.

That's a limp wristed "crash" you Perth bears have on your hands there.
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Dr Kinetoscope
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Trollie
7 Jul 2017, 11:12 AM
So 75% sold at a profit.

That's a limp wristed "crash" you Perth bears have on your hands there.
Perhaps you missed the part where this is happening at a record rate.

Prices in Perth are down 4.2% over the past year alone.

The Perth bears have been correct of late.
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Ex BP Golly
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Trollie
7 Jul 2017, 11:12 AM
So 75% sold at a profit.

That's a limp wristed "crash" you Perth bears have on your hands there.
Where did you get 75% sold at profit?

You can imagine that with 25% selling at a loss, that maybe some are just breaking even?

Another 25%?

50?
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Chris
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Trollie
7 Jul 2017, 11:12 AM
So 75% sold at a profit.

That's a limp wristed "crash" you Perth bears have on your hands there.
That's hyperbole of the highest order.

You really do choose to remain in astonishing denial about Perth. It's fair to say that against inflation and considering buy, holding and exit costs, all sellers in Perth would have either tread water or lost money.

Clearly Sydney and Melbourne won't follow the same path soon if ever but Perths demise is clear.

Why would you pretend otherwise?
Edited by Chris, 7 Jul 2017, 05:50 PM.
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Trollie
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Chris
7 Jul 2017, 05:48 PM
all sellers in Perth would have either tread water or lost money.
You love just making it up as you go don't you.

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Massive
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Anyone who bought before 2008 or so can probably come out ahead and quite nicely..

After that there will be losers. (edit consderingi holding costs, inflation etc), . 25% is pretty high.. You'd think most people would prefer hang on than sell at a loss unless they absolutely had to do it.. Think quite a few investment properties being dumped because rents have dropped too much to be sustainable for recent buyers from 2012-2015 who thought they were going to be property tycoons
Edited by Massive, 7 Jul 2017, 10:28 PM.
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Trollie
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Massive
7 Jul 2017, 10:24 PM
Anyone who bought before 2008 or so can probably come out ahead and quite nicely..

After that there will be losers. (edit consderingi holding costs, inflation etc), . 25% is pretty high.. You'd think most people would prefer hang on than sell at a loss unless they absolutely had to do it.. Think quite a few investment properties being dumped because rents have dropped too much to be sustainable for recent buyers from 2012-2015 who thought they were going to be property tycoons
what percentage of houses were purchased post 2012?

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