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Perth house prices at three-year low after ‘surprise’ 4.26% fall in June quarter: Residex; Quick, someone get Black Panther a drink.
Topic Started: 18 Jul 2012, 04:53 PM (7,936 Views)
Gossamer
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newjez
19 Jul 2012, 01:11 PM
It was probably the monopoly bank. Houses in Mayfair are they BP?
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Nelson
Black Panther
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newjez
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What is the mood like on the street in Perth? (Perthite et al)

Do prices seem lower this quarter, and is the market moving?
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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earthsta
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I notice Mike is conspicuous with his absence and black prancer sole contirbution to this thread was a lie and perth bull has crawled back under his rock :lol

Perth prices are now back to the lows of last October.

What's that Blackie? Q3 the turning point :lol
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Ex BP Golly
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Black Panther
19 Jul 2012, 06:38 AM
Yet the banks want to lend me more money based on recent valuations of my IP's ... go figure.

Oh, you wont ... :D
They want to rape you!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Black Panther
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earthsta
20 Jul 2012, 08:44 AM
I notice Mike is conspicuous with his absence and black prancer sole contirbution to this thread was a lie and perth bull has crawled back under his rock :lol

Perth prices are now back to the lows of last October.

What's that Blackie? Q3 the turning point :lol
So do you think if a Property Investor had property in Yokine for example, they would be upset with the 5.2% increase in value, and say that property Investor also had property in Osbourne Park they wouldn't notice the increase in value of 3.8% ?

In addition to that, he was able to raise rents 25% in the last year !

The delusions are all at your end.

The market bottomed last year, you didn't notice because you all have your heads up your collective arses.

No doubt you need some sophistication and savvy to do well in Real Estate under current conditions, and those with ability are.

But its getting easier as each month passes and the up cycle gathers pace.

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audas
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Black Panther
20 Jul 2012, 10:01 AM
So do you think if a Property Investor had property in Yokine for example, they would be upset with the 5.2% increase in value, and say that property Investor also had property in Osbourne Park they wouldn't notice the increase in value of 3.8% ?

In addition to that, he was able to raise rents 25% in the last year !

The delusions are all at your end.

The market bottomed last year, you didn't notice because you all have your heads up your collective arses.

No doubt you need some sophistication and savvy to do well in Real Estate under current conditions, and those with ability are.

But its getting easier as each month passes and the up cycle gathers pace.

Record home loan defaults in Perth

http://www.theaustralian.com.au/business/property/record-home-loan-defaults-as-west-australians-succumb-to-housing-stress/story-fn9656lz-1226422941160

Have a nice day.
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newjez
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Iron ore spot price is down to $125. Not long before if falls under $100.

But more interestingly - the Aussie dollar is showing strength.

The dollar should be falling to enable other areas of the economy to recover. But it's not, even with the crisis continuing in Europe.

This is a very strange turn of events.
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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Perthite
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newjez
20 Jul 2012, 06:21 AM
What is the mood like on the street in Perth? (Perthite et al)

Do prices seem lower this quarter, and is the market moving?
I'm viewing these numbers cautiously. REIWA sales data for the quarter is out in a couple of days and that should be a good indicator.

On another note a few split couples I know still holding joint property are looking to try and offload. Both had been advised by agents/family that last year was not a good time to sell.
Edited by Perthite, 20 Jul 2012, 12:16 PM.
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BubbleBoy
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Black Panther
20 Jul 2012, 10:01 AM
So do you think if a Property Investor had property in Yokine for example, they would be upset with the 5.2% increase in value, and say that property Investor also had property in Osbourne Park they wouldn't notice the increase in value of 3.8% ?

In addition to that, he was able to raise rents 25% in the last year !

The delusions are all at your end.

The market bottomed last year, you didn't notice because you all have your heads up your collective arses.

No doubt you need some sophistication and savvy to do well in Real Estate under current conditions, and those with ability are.

But its getting easier as each month passes and the up cycle gathers pace.

As predicted boys and girls - same old, same old "my properties are market defying".

I guess what you are saying with your "sophistication and savvy" comment is that your self-delusion takes much more effort when prices are falling.

We're all having a good laugh at you :lol
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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Pure_Red_Rage_Man
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Black Panther
20 Jul 2012, 10:01 AM
So do you think if a Property Investor had property in Yokine for example, they would be upset with the 5.2% increase in value, and say that property Investor also had property in Osbourne Park they wouldn't notice the increase in value of 3.8% ?

In addition to that, he was able to raise rents 25% in the last year !

The delusions are all at your end.

The market bottomed last year, you didn't notice because you all have your heads up your collective arses.

No doubt you need some sophistication and savvy to do well in Real Estate under current conditions, and those with ability are.

But its getting easier as each month passes and the up cycle gathers pace.

Ive been going to empty home opens in perth for over a year now. I have seen no "pickup". In fact some places are still on the market now that were there when I started looking seriously again. Sure many are not moving on price, but that makes it all the more fun.

Beware these "experts" - just get out there and have a look. This guy is protecting his ultra bullish position which is now looking as fanciful as it first sounded.

Everyone else is "wrong" becuase he thinks his investments were "right".
Plenty of these fools walking around. They were a dime a dozen in 2006. They are an endangered speices now. Much like the real world panthers.
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