A Storm is Brewing for the Australian Economy and Housing Bubble; Ignore the thunder, get washed away in the rain. Troubling combination of factors that cannot be ignored.
Tweet Topic Started: 23 Jan 2013, 05:47 AM (23,241 Views)
If you want to play that game I am sure I would win.
I clicked on perth cause I don't know any suburbs of hand, you winged it was perth cbd, so I looked at surrounding suburbs, that was the first listed, from there I went to the next which was also I damage control.
if I could be bothered I will look at the others later and post them up.
Another angry man picture , still not dealing with all the falls I see.
You mean these falls rises DICKHEAD From the same source
Quote:
Why don't you acknowledge the fact that I called it correctly .
Bullshit you did Any fool that took your retarded advice has had there arse handed to them on a plate. I pity the poor fool, you and them 300 plus homes for sale in each town with massive reductions and no buyers 300 plus homes for rent in each town with massive reductions and no tenants
Thats a monumental FAIL by anyones standards
Now slink back under your rock, I have more important things to do than repeatedly PWN the forums fuckwit.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
You mean these falls rises DICKHEAD From the same source
Bullshit you did Any fool that took your retarded advice has had there arse handed to them on a plate. I pity the poor fool, you and them 300 plus homes for sale in each town with massive reductions and no buyers 300 plus homes for rent in each town with massive reductions and no tenants
Thats a monumental FAIL by anyones standards
Now slink back under your rock, I have more important things to do than repeatedly PWN the forums fuckwit.
You know better than anybody that I explained everything clearly and told people what could happen in these places and explained that too. Prices up just as much as I said ,no matter what shit you can jibber.
and for the argument we al,ways have about your useless property being crap by comparison as prices there are 5k cheaper than 2007, where as these two areas are double or more. quick grab those pills franky :lol,according to your graph it shows I was wrong , it shows that property you own in Depot hill was 195k in 2007 and is now 180k, thanks for correcting me,it also shows that all those properties were cheaper five or so years ago, again great work, thanks for showing us the real state of things up there
timmy
26 Jan 2013, 03:29 PM
ted, it's been explained to you numerous times with great patience but clearly it's not sinking in.
selecting a single suburb does not tell you anything about the perth metro region.
You know better than anybody that I explained everything clearly and told people what could happen in these places and explained that too. Prices up just as much as I said ,no matter what shit you can jibber.
and for the argument we al,ways have about your useless property being crap by comparison as prices there are 5k cheaper than 2007, where as these two areas are double or more. quick grab those pills franky :lol,according to your graph it shows I was wrong , it shows that property you own in Depot hill was 195k in 2007 and is now 180k, thanks for correcting me,it also shows that all those properties were cheaper five or so years ago, again great work, thanks for showing us the real state of things up there You mean this woodbridge tiger, it shows cheaper than two years ago , and the median is $1,500 more than it was in 2007.
god tiger, is that the best you could find, says it all folks, pay attention folks.
Year Median House Price House Price % Change (YoY) Median Unit Price Unit Price % Change (YoY) 2004 $243,000 16.3% $150,000 - 2005 $270,000 11.1% $195,000 30.0% 2006 $330,000 22.2% - - 2007 $491,000 48.8% - - 2008 $457,500 -6.8% $325,000 - 2009 $450,000 -1.6% - - 2010 $527,000 17.1% $520,000 - 2011 $465,000 -11.8% $630,000 21.2% 2012 $492,500 5.9% $290,000 -54.0%
NEXT...........
you still don't get it do you. for all our sakes take a night course in statistics or something.....
Oh tiger , its you that does not get it as usual, you are such a pain in the arse, it took you what, two hours to find this extreme cherry pick. realestate.com shows it has gone up 82% not the 55% you claim. now lets have a look why. first of all the suburb I showed, showed a median for each of the last ten years. but this suburb you showed ,upper swan,only showed a median in four or so of the last ten years in the link you showed if you click on the suburn medians. Now the reason this is ,is because there was only ten sales for the year, the last being in November, this was 204000 sqm and shown in your link at the bottom of the page with a sale price of 1715000, and recently before that another acerage. the link below shows the most recent sale in November and other stats on the area and sales.And also explains why it was so high. Back to your cage now timmy
Seems Perth's much the same as Brisbane - Nominal price is pretty much just what it was in late 2007/early 2008? So down 15% in real terms maybe - Hardly anything to write home to Mother about.
Though I understand the concern from the heavily leveraged Perth investors. If the mining thing winds back (as seems to be expected?) their arses will be flapping in the breeze worse than most would have to be my guess.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Seems Perth's much the same as Brisbane - Nominal price is pretty much just what it was in late 2007/early 2008? So down 15% in real terms maybe - Hardly anything to write home to Mother about.
Though I understand the concern from the heavily leveraged Perth investors. If the mining thing winds back (as seems to be expected?) their arses will be flapping in the breeze worse than most would have to be my guess.
Ask tiger about paying interest only loans......in a falling market.
Arse flapping in the breeze, I like that one.
herbie
26 Jan 2013, 05:46 PM
All the rabbiting on about Perth piqued my interest - Checked the ABS stats on established dwellings (bit dated - current as of June 2012):<br /><br />http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6416.0Sep%202012?OpenDocument<br /><br />Seems Perth's much the same as Brisbane - Nominal price is pretty much just what it was in late 2007/early 2008? So down 15% in real terms maybe - Hardly anything to write home to Mother about.<br /><br />Though I understand the concern from the heavily leveraged Perth investors. If the mining thing winds back (as seems to be expected?) their arses will be flapping in the breeze worse than most would have to be my guess.<br /><br /><br /><br />
Ask tiger about paying interest only loans......in a falling market.
Seems Perth's much the same as Brisbane - Nominal price is pretty much just what it was in late 2007/early 2008? So down 15% in real terms maybe - Hardly anything to write home to Mother about.
Though I understand the concern from the heavily leveraged Perth investors. If the mining thing winds back (as seems to be expected?) their arses will be flapping in the breeze worse than most would have to be my guess.
why do you insist on using ABS stats from september?
because perth has taken off since then, that's why..... you also appear unable to read. september index for perth is 201.9 which is just under the dec 2009 level of 202 and well above the previous level of 2007 and 2008 as you claim. ABS shows 5 quarters of consecutive rises in perth.
Fullvalda
26 Jan 2013, 05:53 PM
Ask tiger about paying interest only loans......in a falling market.
Arse flapping in the breeze, I like that one.
why would i be paying interest only? you are such a dullard.
why do you insist on using ABS stats from september?
because perth has taken off since then, that's why.....
I DON'T insist on using them Timmy - If you have more recent ABS stats I'd be interested in seeing them. But I looked (before posting) and it seems the next lot don't come out until 5 Feb 2013. (And for mine you can stick all the other Oz housing stats - The REI whatever, the Joyster's cooked hedonic index, the Demographia land developer's annual spruik etc where the sun don't shine - I at least trust the ABS established house price index a little bit ... )
why do you insist on using ABS stats from september?
because perth has taken off since then, that's why..... you also appear unable to read. september index for perth is 201.9 which is just under the dec 2009 level of 202 and well above the previous level of 2007 and 2008 as you claim. ABS shows 5 quarters of consecutive rises in perth.
why would i be paying interest only? you are such a dullard.
That's what many of you do timmy, not so good when property does not go up like you thought and worse still, drops like it has over the years.
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