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WA / Perth Categorically Bottomed
Topic Started: 22 Apr 2018, 07:25 AM (1,123 Views)
Black Panther
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Perth land market shows clear signs of recovery as economic confidence improves

Perth’s land market is finally showing clear signs of recovery with positive growth in price and sales following several years of downturn.

The Urban Development Institute of WA has categorically called the bottom of the market, with new land sales up 4 per cent during the December quarter and price growth recorded.

UDIA WA President Nick Allingame said new land values increased by a moderate 0.5 per cent during the December 2017 quarter to $235,941.

“The average price of land in Perth has increased for three consecutive quarters and reflects the incremental growth that the region is experiencing as confidence returns to the market after a period of uncertainty,” he said.

“Given we are at the beginning of this new market cycle, and interest rates are expected to start rising this year, now is definitely a great time to get into the new land market in Perth.

“All indicators are pointing to a pickup in demand for land moving forward and that is likely to go hand-in-hand with further price increases during 2018 and beyond.”

Stockland WA general manager residential Col Dutton said there were early signs of improved economic conditions in WA, particularly in Perth, which was good news for the future residential land market.

“The West Australian economy is showing signs of improvement with jobs growth just off its strongest level in five years, the population growing at its fastest rate in two years and job vacancies last year outperforming all other states and territories,” he said.

“This is great news for the state and we’re anticipating those positive signs will transfer through to the property market.”

https://www.domain.com.au/news/perth-land-market-shows-clear-signs-of-recovery-as-economic-confidence-improves-20180327-h0xu3k/
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Jimbo
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Black Panther
22 Apr 2018, 07:25 AM
WA / Perth Categorically Bottomed
You've already told us this BP.

Last year, the year before that, the year before that and the year before that.

No doubt you'll be popping up in a couple of months time saying the same thing.

Dementia is a cruel disease.

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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Rufus
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Jimbo
22 Apr 2018, 07:34 AM
You've already told us this BP.

Last year, the year before that, the year before that and the year before that.

No doubt you'll be popping up in a couple of months time saying the same thing.

Dementia is a cruel disease.
Then he will eventually be right, if he isn't already.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

Black Panther
22 Apr 2018, 07:25 AM
Perth land market shows clear signs of recovery as economic confidence improves

Perth’s land market is finally showing clear signs of recovery with positive growth in price and sales following several years of downturn.

The Urban Development Institute of WA has categorically called the bottom of the market, with new land sales up 4 per cent during the December quarter and price growth recorded.

UDIA WA President Nick Allingame said new land values increased by a moderate 0.5 per cent during the December 2017 quarter to $235,941.

“The average price of land in Perth has increased for three consecutive quarters and reflects the incremental growth that the region is experiencing as confidence returns to the market after a period of uncertainty,” he said.

“Given we are at the beginning of this new market cycle, and interest rates are expected to start rising this year, now is definitely a great time to get into the new land market in Perth.

“All indicators are pointing to a pickup in demand for land moving forward and that is likely to go hand-in-hand with further price increases during 2018 and beyond.”

Stockland WA general manager residential Col Dutton said there were early signs of improved economic conditions in WA, particularly in Perth, which was good news for the future residential land market.

“The West Australian economy is showing signs of improvement with jobs growth just off its strongest level in five years, the population growing at its fastest rate in two years and job vacancies last year outperforming all other states and territories,” he said.

“This is great news for the state and we’re anticipating those positive signs will transfer through to the property market.”

https://www.domain.com.au/news/perth-land-market-shows-clear-signs-of-recovery-as-economic-confidence-improves-20180327-h0xu3k/
Did you find this on a site that makes it's money from selling realestate???

Please tell me you did not.

Please...
I will say, I have heard some horror stories and I am hearing a little good news.

Resources seem to be showing some regrowth.

As long as the trade barriers do not go up between us and China...

Green shoots?

Well maybe a couple.

Good luck to all...
Edited by Foxy, 22 Apr 2018, 01:00 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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kodiak
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BP is categorically insane. Dumbest c*nt on the board by far. Has he had multiple strokes or something? Almost feel sorry for him.
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Elastic
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Posted Image

Black Panther has his finger at the ready!
Only a rat can win a rat race.

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zaph
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Elastic
22 Apr 2018, 03:40 PM
Posted Image

Black Panther has his finger at the ready!
Ready, aim.... FIRE.
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Black Panther
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Elastic
22 Apr 2018, 03:40 PM
Posted Image

Black Panther has his finger at the ready!
Im not Gay. Where did you get this picture of Dimbo ?

I smell Bear Fear ! Your shitting your pants !

Posted Image
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Jimbo
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Foxy
22 Apr 2018, 12:58 PM
Did you find this on a site that makes it's money from selling realestate???
Either that or it was transmuted to him by space aliens from inside the hollowed out planet X.
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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You clearly shat your pants. ...
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