no, the best thing about all of this is that I get to now invest hundreds, and hundreds of thousands of dollars at the very bottom of the market simply because I was smart enough, and not greedy enough (read not STUPID) to wait out what was clearly, obviously, to an slightly smart than a dead dingos donger, a massive bubble.
You better not make any money or themoops will call you a lucky parasite...
Lol - It never ceases to amaze me that people consider vendors to have a vested interest but buyers don't. In any commercial transaction, every party has a vested interest.
A vendor wanting an above market price is no better or worse than a buyer wanting a below market price. Each party has the right to their expectations, and the negotiations will usually end up at the market price, or close to it.
Any expressed market opinion is my own and is not to be taken as financial advice
This are REAL HOUSE PRICES - yes, I read the article, house prices down 10% - but wait, these stats are from several months ago due to the ABS lag - according to the major indices things could well be down another 2% already as the rate of price falls INCREASES - yeeeeeeeeeahhhhhhhhhhhhhhhhhh !!!!!
Thats right - adjusted for inflation its probably more like 12% already - at this rate the trend looks like it will be 40% before the end of the year - OH OH !!
Hope you al brought some sauce and a napkin for your humble pie - wouldn't want to spill any of it on yourselves and get a nasty stain !!
I have a feeling that the June release is going to see a whole lot of red capes around here as the bears put on their matador outfits for a bit of good old bull stabbing - might need to get some wagons to help drag out the carcasses as well - ohhhhhh - its been fun for us at least, and an education fro you lot Im sure.
Think its nearly time to start that thread audas. The one where we say goodbye to all the bulls before they just dissapear. Silly silly people.
This are REAL HOUSE PRICES - yes, I read the article, house prices down 10% - but wait, these stats are from several months ago due to the ABS lag - according to the major indices things could well be down another 2% already as the rate of price falls INCREASES - yeeeeeeeeeahhhhhhhhhhhhhhhhhh !!!!!
Thats right - adjusted for inflation its probably more like 12% already - at this rate the trend looks like it will be 40% before the end of the year - OH OH !!
Hope you al brought some sauce and a napkin for your humble pie - wouldn't want to spill any of it on yourselves and get a nasty stain !!
I have a feeling that the June release is going to see a whole lot of red capes around here as the bears put on their matador outfits for a bit of good old bull stabbing - might need to get some wagons to help drag out the carcasses as well - ohhhhhh - its been fun for us at least, and an education fro you lot Im sure.
Think its nearly time to start that thread audas. The one where we say goodbye to all the bulls before they just dissapear. Silly silly people.
The problem with including inflation is that debts then have to be adjusted down for inflation, so on a high LVR you end up with one negating the other.
Any expressed market opinion is my own and is not to be taken as financial advice
It's still a RISE! Ted Bullshit and audus are telling us the great crash is already in full swing! Prices down 10% already! If that is the case how can Perth prices be UP???
It's still a RISE! Ted Bullshit and audus are telling us the great crash is already in full swing! Prices down 10% already! If that is the case how can Perth prices be UP???
Accroding to landgate, which counts every sale in WA, prices are up 6.5%. If I include data which is still not finalised we are closer to 8.5% or 9%. That data should be finalised in comming weeks for march and show early data for April. I would expect to see strong sales growth and prices growth as WA treasury has reported a 35% increases in paid First Home Buyer grants, with a month on month gain of 15% in march alone. Lending figures also show lending for land sales up 15% and lending for housing up 24% to march, subtracting refinancing and lending for owner occupied housing is up 10% in March.
Consider this. WA economy is growing at 5%+, we have unemployment close to 4%. Our property market was already showing prices gains and solid sales figures in 2012. Rent growth over the last 12 months has been 14% up to march. What will lower interest rates with the RBA dropping 50 basis points, and predictions of a further 75 basis points to come. What will this do for an already Booming WA economy.
We have a rare convergance of events in WA. A booming economy now about to be sent into the stratasphere by the RBA slashing interest rates to prop up a weak eastern states economy.
What effect will this have on the WA property market, booming economy about to be boosted by low interest rates.
Very easy answer, WA is the place to invest for the next few years. Forget NSW, VIC. If you want to make money WA is the easy answer.
Accroding to landgate, which counts every sale in WA, prices are up 6.5%. If I include data which is still not finalised we are closer to 8.5% or 9%. That data should be finalised in comming weeks for march and show early data for April. I would expect to see strong sales growth and prices growth as WA treasury has reported a 35% increases in paid First Home Buyer grants, with a month on month gain of 15% in march alone. Lending figures also show lending for land sales up 15% and lending for housing up 24% to march, subtracting refinancing and lending for owner occupied housing is up 10% in March.
Consider this. WA economy is growing at 5%+, we have unemployment close to 4%. Our property market was already showing prices gains and solid sales figures in 2012. Rent growth over the last 12 months has been 14% up to march. What will lower interest rates with the RBA dropping 50 basis points, and predictions of a further 75 basis points to come. What will this do for an already Booming WA economy.
We have a rare convergance of events in WA. A booming economy now about to be sent into the stratasphere by the RBA slashing interest rates to prop up a weak eastern states economy.
What effect will this have on the WA property market, booming economy about to be boosted by low interest rates.
Very easy answer, WA is the place to invest for the next few years. Forget NSW, VIC. If you want to make money WA is the easy answer.
Mike Mike Mike, time for you and the goose who posted above you to get some facts. I have done homework for you
My July 2011 Property investor magazine shows that of the 426 suburbs listed in the WA house price section , that 121 suburbs showed a loss over the last twelve months.
In my June 2012 Property investor magazine which I purchased about three days ago , it nows shows that 320 suburbs have fallen over the last 12 months of the 426 suburbs in WA.
I will give you some findings for other capitals shortly, so something for you to look forward too, stay tuned
From the july 2011 mag , showed 2 suburbs out of 90 had loss over the last twelve months. From the June 2012 mag.shows 51 suburbs out of 90 had a loss over the last twelve months.
I can see you down there Peter and kenny , dont worry I have done some homework for you guys too, stay tuned
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