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Perth homes less affordable in 2012
Topic Started: 24 May 2012, 09:21 PM (961 Views)
Black Panther
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Im Back. :lol

Perth homes less affordable in 2012

BUYING a house might be getting more affordable nationally, but that’s not the case in Perth with prices jumping by 23.5 per cent in the March quarter.

While the HIA-Commonwealth Bank Housing Affordability Index improved by 6.4 per cent nationally in the March quarter, Perth dropped by 1 per cent.

“Perth actually saw a 2.5 per cent increase in prices over the last quarter,” HIA senior economist Andrew Harvey said.

That coupled with a “very small” decline in earnings in the state meant the affordability of houses got worse, he said.

Across the country people are earning more, while interest rates and house prices are going down.

It’s not all bad news for WA, with regional areas improving despite Perth’s downturn.

Read more: http://www.perthnow.com.au/business/perth-homes-less-affordable-in-2012/story-e6frg2ru-1226366057484
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NotFooled
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The Bear Whisperer

BP is back! I know Moops missed you.
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Perthite
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Yes even this forum needs the village idiot.... Welcome back!


Sorry it's hard to read HIA without the grovel for stimulus.
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hoofarted
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Black Panther
24 May 2012, 09:21 PM
BUYING a house might be getting more affordable nationally, but that’s not the case in Perth with prices jumping by 23.5 per cent in the March quarter.
A "story" so good you had to repeat it twice!!!!

By the way, when did "... prices jumping by 23.5 per cent in the March quarter." happen? When you talk about affordability you are not talking about price.
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Mike
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Seems all the doom and gloom types have been wrong yet again, how unusal. Oh incase you need more proof, just check out sales levels for April and May, they are alot stronger then the 1st quater. 2nd quater price growth in WA will be closer to 3.5%. With rents skyrocketing up 17% in the last 12 months, interest rates going down, what better time to be an investor in Perth. Rising income, rising capital growth, decreasing loan costs. Almost a perfect world.

http://mike-globaleconomy.blogspot.com.au/
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TED BULLPIT
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Black Panther
24 May 2012, 09:21 PM
Im Back. :lol

Perth homes less affordable in 2012

BUYING a house might be getting more affordable nationally, but that’s not the case in Perth with prices jumping by 23.5 per cent in the March quarter.

While the HIA-Commonwealth Bank Housing Affordability Index improved by 6.4 per cent nationally in the March quarter, Perth dropped by 1 per cent.

“Perth actually saw a 2.5 per cent increase in prices over the last quarter,” HIA senior economist Andrew Harvey said.

That coupled with a “very small” decline in earnings in the state meant the affordability of houses got worse, he said.

Across the country people are earning more, while interest rates and house prices are going down.

It’s not all bad news for WA, with regional areas improving despite Perth’s downturn.

Read more: http://www.perthnow.com.au/business/perth-homes-less-affordable-in-2012/story-e6frg2ru-1226366057484
It seems your desperation never ends BP. I thought I had been doing a good job of removing shite from the forum , you had your little bs spruik you can run along now. You should also look at the post I am about to make after this one ;)
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TED BULLPIT
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Mike
25 May 2012, 12:50 AM
Seems all the doom and gloom types have been wrong yet again, how unusal. Oh incase you need more proof, just check out sales levels for April and May, they are alot stronger then the 1st quater. 2nd quater price growth in WA will be closer to 3.5%. With rents skyrocketing up 17% in the last 12 months, interest rates going down, what better time to be an investor in Perth. Rising income, rising capital growth, decreasing loan costs. Almost a perfect world.

Wrong again you say , you are WRONG Mike , there is now 25 homes per week being repossed according to Alexs article posted yesterday in the subprime crisis thread further down the page.I noticed you and dickhead made no comment there. Wrong again Mike :bye:
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Mike
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TED BULLPIT
25 May 2012, 07:09 AM
Mike
25 May 2012, 12:50 AM
Seems all the doom and gloom types have been wrong yet again, how unusal. Oh incase you need more proof, just check out sales levels for April and May, they are alot stronger then the 1st quater. 2nd quater price growth in WA will be closer to 3.5%. With rents skyrocketing up 17% in the last 12 months, interest rates going down, what better time to be an investor in Perth. Rising income, rising capital growth, decreasing loan costs. Almost a perfect world.

Wrong again you say , you are WRONG Mike , there is now 25 homes per week being repossed according to Alexs article posted yesterday in the subprime crisis thread further down the page.I noticed you and dickhead made no comment there. Wrong again Mike :bye:
I guess you dont get out much from that cave you live in. Sales of houses in perth are up on average 40% higher than 12 months ago. We have rising prices, rising rents, declining stock levels, declining interest rates, declining vacancy rate. All the stars are in line for a boom over here. We are already have 10% annualised growth in the 1st Quater. You got no clue moron.
http://mike-globaleconomy.blogspot.com.au/
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earthsta
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Mike
25 May 2012, 09:11 AM
I guess you dont get out much from that cave you live in. Sales of houses in perth are up on average 40% higher than 12 months ago. We have rising prices, rising rents, declining stock levels, declining interest rates, declining vacancy rate. All the stars are in line for a boom over here. We are already have 10% annualised growth in the 1st Quater. You got no clue moron.
Looks like Perth prices are falling to me, down 2.3% since the start of the year!!!

http://www.rpdata.com/research/back_series.html

Up the dosage, mick
Edited by earthsta, 25 May 2012, 01:48 PM.
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newjez
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Mike
25 May 2012, 12:50 AM
Seems all the doom and gloom types have been wrong yet again, how unusal. Oh incase you need more proof, just check out sales levels for April and May, they are alot stronger then the 1st quater. 2nd quater price growth in WA will be closer to 3.5%. With rents skyrocketing up 17% in the last 12 months, interest rates going down, what better time to be an investor in Perth. Rising income, rising capital growth, decreasing loan costs. Almost a perfect world.

Sorry Mike - but how does 'homes becoming unaffordable' further your cause?

When something becomes unaffordable, I would expect it's price to rise. I would expect it to fall.
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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