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New home buyers boost property sales; Perth property sales in the March quarter reached its highest level in two years
Topic Started: 21 Apr 2012, 06:49 AM (4,044 Views)
themoops
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Poor BP, such an old dummy. He didn't know it was a rehash of what the old NZ prime minister said about NZ'ers moving to Australia.

The problem is these old dummies think they're smart and have a such a large sway with Australia's direction. Massive problem, massive, massive problem.

This is why you shouldn't respect your elders.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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newjez
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I always thought BP was a boat person made good. Where are you from BP?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Olmule
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newjez
21 Apr 2012, 09:49 PM
I always thought BP was a boat person made good. Where are you from BP?
I thought he was of disgruntled African descent based on his nick and his constant bagging of the Anglos. But he has denied that.

All that is certain is that he is a bit of a thicko.
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Mike
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TED BULLPIT
21 Apr 2012, 07:27 AM
Just wondering BP about housing grants that were there, I assume they stiil get a 7k , did they also have stamp duty exemptions for first home buyers or was this removed at the start of the year like NSW.

Perth does seem safer than boh Sydney and Melboourne at the moment but not hard considering they both had 20%+ gains recently. Darwin is also much safer then Syd and Melbourne , why people wish to live there is behond me, juzt to hot.
To answer your question, No exemptions on stamp duty, no boost to First home buyers grant.

As stated by Reiwa and other organisations is a simple lack of housing vs booming population. For the last 2 years perth has unbuilt in housing by a considerable margin, yet the population growth continues to accelerate. It was only a matter of time before this would happen.

The rental crisis over here is real. If you dont build enough new housing to meet the booming population they need to live some where, so they rent existing stock. This is why we have seen Perth vacancy rate plummet and rents rising rapidly, up 10% in the last 12 months and thats just the median rent.

So what do you think comes next, 1st we have the rental crisis now we have sales surging up 30% this year, First home buyer demand up 35%, Median perth prices already starting to rise, yet our construction levels are still well below average. If a shortage of rentals causes large rents increases what will a shortage of housing to buy do? We are not at the point yet but it could turn quickly. Not only people who have deicded renting is a bad idea and decide to buy, but over the last 2-3 years those who were watching the market or waiting to upgrade will move now that prices are moving up. This will only further accelerate price gains.


To put it simply, Perth now has all the boxes to have signifgant price rises over the next 12-24 months. A mini boom with prices jumping 15-25% is certainly possible. We had our down turn, the eastern states are just starting yours, we had ours over the last 2 years. Perth is the place to invest and buy right now our of all of Australia.
http://mike-globaleconomy.blogspot.com.au/
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Black Panther
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Mike
22 Apr 2012, 12:17 AM
To answer your question, No exemptions on stamp duty, no boost to First home buyers grant.

As stated by Reiwa and other organisations is a simple lack of housing vs booming population. For the last 2 years perth has unbuilt in housing by a considerable margin, yet the population growth continues to accelerate. It was only a matter of time before this would happen.

The rental crisis over here is real. If you dont build enough new housing to meet the booming population they need to live some where, so they rent existing stock. This is why we have seen Perth vacancy rate plummet and rents rising rapidly, up 10% in the last 12 months and thats just the median rent.

So what do you think comes next, 1st we have the rental crisis now we have sales surging up 30% this year, First home buyer demand up 35%, Median perth prices already starting to rise, yet our construction levels are still well below average. If a shortage of rentals causes large rents increases what will a shortage of housing to buy do? We are not at the point yet but it could turn quickly. Not only people who have deicded renting is a bad idea and decide to buy, but over the last 2-3 years those who were watching the market or waiting to upgrade will move now that prices are moving up. This will only further accelerate price gains.


To put it simply, Perth now has all the boxes to have signifgant price rises over the next 12-24 months. A mini boom with prices jumping 15-25% is certainly possible. We had our down turn, the eastern states are just starting yours, we had ours over the last 2 years. Perth is the place to invest and buy right now our of all of Australia.
Now now Mike, lets not get the the facts in the way of a good old bear bitch session !

:lol
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justin007
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It does look like a perfect storm for perth.

Interest rates and lower dollar may well throw the whole scene into hyper mode as it was not long ago..

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newjez
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Black Panther
22 Apr 2012, 01:15 AM
Now now Mike, lets not get the the facts in the way of a good old bear bitch session !

:lol
Have you worked why there was a downturn yet?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Mike
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newjez
22 Apr 2012, 01:43 AM
Black Panther
22 Apr 2012, 01:15 AM
Now now Mike, lets not get the the facts in the way of a good old bear bitch session !

:lol
Have you worked why there was a downturn yet?
Yes thats why I bought 2 properties and 1 block of land during the downturn, now just a few years later those same properties are worth $350,000 more in value, in 6-12 months they will gain a fair bit more. I will probably look to sell a few once the market really gets going and pocket the money.

How many properties have you bought latley, how much money have you made. Oh I also have properties in VIC, NSW, TAS all of which have double in valued since I bought them, an no I did not buy prior to the boom. Markets within markets, do your home work and you can find bargains, its not that hard.
http://mike-globaleconomy.blogspot.com.au/
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Mike
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newjez
22 Apr 2012, 01:43 AM
Black Panther
22 Apr 2012, 01:15 AM
Now now Mike, lets not get the the facts in the way of a good old bear bitch session !

:lol
Have you worked why there was a downturn yet?
Can I ask, are you the type of person who buys at the peak of the market. If so I have a few great deals for you in 6-12 months. :wak:
http://mike-globaleconomy.blogspot.com.au/
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Lefty
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On the face of it, it seems perfectly feasable to me that new home buyers in Perth might be boosting property sales. Perth is probably the only capital city that directly benefits from the mining boom to any great degree, and the mining industry has been expanding it's hiring of highly-paid workers, many of whom have been heading to Perth.

Similar story here in Gladstone, QLD. Going about my business around town, I have never heard so many people speaking with Kiwi, British and Irish accents.
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