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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,429 Views)
mango66
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Shadow
5 Aug 2013, 09:46 PM
No, I have tenants to pay the mortgage for me.


Because it's beneficial to take legal possession early, and then pay later. That way you benefit from capital growth, and get to live in your own house rather than living under the control of landlords, forking out dead rent money every week. Is that what you do?


No, that occurs because the bank has a financial interest in the property.

Even under a mortgagee sale, the bank never owns the property. The title passes from the original owner to the new buyer.


It sure does.
That's alright then. Now I know you don't get it. Thanks for that.

Something you will own is the difference between the sale price and outstanding mortgage if the house sells for less than the outstanding debt.. Good luck with that shadow. You have nothing to worry about because the banks don't own the house do they. You're a numb skull.
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Elastic
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There is an ever increasing number of investors with IO loans managing properties on behalf of the banks.
While immigration is kept at these crazy levels and interest rates stay low they don't have too much to worry about.
Even under these conditions I can't see significant house price rises over the next decade.

Only a rat can win a rat race.

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Pig Iron
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Bogan scum

Perth up over 10%.
How embaressing for the likes of perthite, loadpuller and doubleview who were all predicting a perth crash by now.
I am the love child of Tony Abbott and Pauline Hanson
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skamy
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Pig Iron
5 Aug 2013, 11:26 PM
Perth up over 10%.
How embaressing for the likes of perthite, loadpuller and doubleview who were all predicting a perth crash by now.
Don't forget the ultimate drama queen Timo, he is probably the most weird of the lot of them with his wildly inaccurate predictions.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Bardon
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Pig Iron
5 Aug 2013, 11:26 PM
Perth up over 10%.
How embaressing for the likes of perthite, loadpuller and doubleview who were all predicting a perth crash by now.
Pig Iron, being a newcomer here, do they still post here and have they acknowledged this fact?
Edited by Bardon, 5 Aug 2013, 11:55 PM.
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newjez
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Bardon
5 Aug 2013, 11:55 PM
Pig Iron, being a newcomer here, do they still post here and have they acknowledged this fact?
Yes - but with rpdata - you can place a safe bet that it won't be double figures tomorrow.

Reiwa has it at a more modest 5%. ABS who knows - out tomorrow I think.

I'm sure the truth is out there.
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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Bardon
5 Aug 2013, 11:55 PM
Pig Iron, being a newcomer here, do they still post here and have they acknowledged this fact?
He is just full of shit....

Sales came off some time back.... around the same time the rental market did an abrupt about face.

http://reiwa.com.au/Research/Pages/Perth-quarterly-market-charts.aspx

People are already low balling rentals.

http://au.news.yahoo.com/thewest/a/-/wa/18350138/rental-relief-for-tenants/

But hey according to Mr Numpty over there this market is going off.

http://reiwa.com.au/Research/Pages/Perth-Listings-And-Rental-Trends.aspx

He thought that last graphic was prices... :lol :lol

PS that has just been updated and to me it indicates the vacancy rate is now 3.4%.
Edited by Perthite, 6 Aug 2013, 12:32 AM.
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Veritas
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Perthite
6 Aug 2013, 12:26 AM
He is just full of shit....

Sales came off some time back.... around the same time the rental market did an abrupt about face.

http://reiwa.com.au/Research/Pages/Perth-quarterly-market-charts.aspx

People are already low balling rentals.

http://au.news.yahoo.com/thewest/a/-/wa/18350138/rental-relief-for-tenants/

But hey according to Mr Numpty over there this market is going off.

http://reiwa.com.au/Research/Pages/Perth-Listings-And-Rental-Trends.aspx

He thought that last graphic was prices... :lol :lol

PS that has just been updated and to me it indicates the vacancy rate is now 3.4%.
Timmy's credibility is undermined fatally not by what he has to say about housing but what he has to say about mining.

I dont even work in the industry but the dogs on the street in Perth know the party is over.

Not Timmy though, he lives in a different Perth were the party just keeps rolling on.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Strindberg
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newjez
6 Aug 2013, 12:18 AM
Yes - but with rpdata - you can place a safe bet that it won't be double figures tomorrow.

Reiwa has it at a more modest 5%. ABS who knows - out tomorrow I think.

I'm sure the truth is out there.
The Perth RP Data figure of 10% is for 12 months to TODAY.

The Perth ABS figure tomorrow will be for the 12 months to 30 June 2013.

The Perth RP Data figure for the 12 months to 30 June 2013 was 6.0%.

The ABS figure tomorrow needs to be compared with the RP Data figure of 6% for the 30th of June, not with the RP Data figure of 10% for the 12 months to today.



By the way, the Perth ABS figure for the 12 months to 31 March 2013 was 6.1%.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Perthite
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Some more long winded shite from Mike..... :z:

Needs that 30th link to the daily index.... today.
Edited by Perthite, 6 Aug 2013, 12:41 AM.
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