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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 (7,933 Views)
Mike
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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
Sorry to disapoint you with my absence. I have been busy moving into my new two storey home right on the beach. Will be busy for a weeks to come, only got internet on today.

As for house prices, well what landgate reports and this index are polar opposites. Reiwa also shows housing stocking continuing to fall now down to 11,500. Only 12 months ago it was 18,500.

Anyway time will tell, im to busy building houses and actualy making money than talking to you unemployed dole blugging left leaning uni drop outs that only shower once per month.

When I got more time I will get back into it. Until then im busy with 2 more builds in the planning stage.
http://mike-globaleconomy.blogspot.com.au/
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newjez
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Mike
23 Jul 2012, 01:38 AM
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
Sorry to disapoint you with my absence. I have been busy moving into my new two storey home right on the beach. Will be busy for a weeks to come, only got internet on today.

As for house prices, well what landgate reports and this index are polar opposites. Reiwa also shows housing stocking continuing to fall now down to 11,500. Only 12 months ago it was 18,500.

Anyway time will tell, im to busy building houses and actualy making money than talking to you unemployed dole blugging left leaning uni drop outs that only shower once per month.

When I got more time I will get back into it. Until then im busy with 2 more builds in the planning stage.
Which roughly translates to "I'm looking into newer and more exciting ways to lose money"

Care to post a picture Mike - I've never seen a two storey tent before.
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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Mike
23 Jul 2012, 01:38 AM
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
Sorry to disapoint you with my absence. I have been busy moving into my new two storey home right on the beach. Will be busy for a weeks to come, only got internet on today.

As for house prices, well what landgate reports and this index are polar opposites. Reiwa also shows housing stocking continuing to fall now down to 11,500. Only 12 months ago it was 18,500.

Anyway time will tell, im to busy building houses and actualy making money than talking to you unemployed dole blugging left leaning uni drop outs that only shower once per month.

When I got more time I will get back into it. Until then im busy with 2 more builds in the planning stage.
So I guess we wont see you until house prices start rising again. Excellent....years without Mike :tu:

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Mike
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RP data shows perth house prices up 2.3% in the last month till June 30th. http://www.rpdata.com/research/monthly_indices.html

In the last few months perth has erased the losses of last year and early this year, to be only 1% below prices of 12 months ago, which were close to all time highs. RP data matches landgates data, it also matches the much higher sales volumes, declining stock levels.

http://mike-globaleconomy.blogspot.com.au/
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newjez
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Mike
23 Jul 2012, 11:33 AM
RP data shows perth house prices up 2.3% in the last month till June 30th. http://www.rpdata.com/research/monthly_indices.html

In the last few months perth has erased the losses of last year and early this year, to be only 1% below prices of 12 months ago, which were close to all time highs. RP data matches landgates data, it also matches the much higher sales volumes, declining stock levels.

You picked a good day to be positive Mike. Keep it up. You're viagra for the soul.
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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Ex BP Golly
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Mike
23 Jul 2012, 11:33 AM
RP data shows perth house prices up 2.3% in the last month till June 30th. http://www.rpdata.com/research/monthly_indices.html

In the last few months perth has erased the losses of last year and early this year, to be only 1% below prices of 12 months ago, which were close to all time highs. RP data matches landgates data, it also matches the much higher sales volumes, declining stock levels.

Yes I wouldn't worry either, just look at all those ghost towns around Australia.

The vast majority were mining towns, and the miners, scratching away at finite resources in the middle of nowere put everything into their homes in those towns!

And then the inevitable happens.......


And so it will come to pass in the ghost towns of the future......WA and FIFO land.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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NotFooled
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The Bear Whisperer

Ex BP Golly
24 Jul 2012, 08:32 AM
Yes I wouldn't worry either, just look at all those ghost towns around Australia.

The vast majority were mining towns, and the miners, scratching away at finite resources in the middle of nowere put everything into their homes in those towns!

And then the inevitable happens.......


And so it will come to pass in the ghost towns of the future......WA and FIFO land.
Change is inevitable, but the overall trend is up.
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WestAussie
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Oh dear mother of god. Even if you block mike his quotes from others still get through.
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NotFooled
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The Bear Whisperer

WestAussie
24 Jul 2012, 01:47 PM
Oh dear mother of god. Even if you block mike his quotes from others still get through.
Reality will always get you in the end.
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newjez
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audas
20 Jul 2012, 05:52 PM
This has been addressed on another thread - however to explain why here as well - foreign reserves and central banks are expanding into Australian denominated assets and currency - specially Germany which has set up new trading desks and will start in two weeks.


This means the Aussie dollar is going not going to be able to fall naturally with demand - it's both good and very, very bad.

Short term it will continue to hurt our non-mining tiered economy, meaning more and ongoing job losses - however since there will be a limited decline in the currency devalued exchange will not impact our inflationary position which will stave off the wolves somewhat. However it will also maintain our high dollar and decrease competitiveness in the mining sector which is taking a battering. South Africa increased YOY production by 30% last month, Vale, and other Brazillians are also ramping up production with their Vale class super carriers about to start shipping after their accident and approval from Beijing. In other words - Ore is about to get absolutely smashed and a high dollar means contracts are going to move to spot and Australian Ore on a demand destruction curve is an a high way to hell. Screwed.

I am surprised that there is a continuation of demand for Aus assets - I think there might be a rethink on this. China is doing the same.

If Ore hits $100 then this is the mark at which things start to look un profitable - ( I know the figure of $57 is bandied about but its bullshit - the investment and carry over costs mean it is $100) - so small players are going to get severely smashed by this.

Coal is also taking an absolute reaming.
Anyone care to discuss the true break even prices?
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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