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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,389 Views)
Blondie girl
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ozz
25 Nov 2013, 10:19 PM


More likely somewhere around Tuart Hill/Joondanna, or Morley/Bedford.

Development blocks haven't moved much around those areas. A bit up, not much.
Well you better look closely coz its selling in some parts...look @ some other suburbs..

But then you better listen to those who think the Great Perth property crash rolls on... :lol :lol

I get contacted occasionally If I wish to sell by the local agents, he reckoned he sold 1 development property in 2 days .. 2 qualified buyers had missed out & many have enquired since it went under offer...

Where there's houses with big blocks it gets snapped up quickly..
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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newjez
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If Perth does have a down turn, it's units and apartments that will cop it worst. It is the variable section of the market. Most people here don't need to own, and can move back in with mum and dad. Semms to have got a bit ahead of itself in Perth at the moment. It's subdivision development crazy. If I was heavy in this section of the market - I'd be worried. Good area 4x2's like Carine for example would be a safer bet.
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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skamy
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newjez
27 Nov 2013, 05:14 PM
If Perth does have a down turn, it's units and apartments that will cop it worst. It is the variable section of the market. Most people here don't need to own, and can move back in with mum and dad. Semms to have got a bit ahead of itself in Perth at the moment. It's subdivision development crazy. If I was heavy in this section of the market - I'd be worried. Good area 4x2's like Carine for example would be a safer bet.
Tuart Hill and Morley represent good buying as they are relatively well located, have big blocks and are pretty cheap compared to Carine. We were not game enough to invest there we chose a safer bet. But I am thinking that these areas may indeed prove profitable if the new young generation buy there en masse, the area will be transformed like Alexandria and the rest of the inner west was in Sydney over the last 10 years.

Over building can lead to trouble for units etc in a downturn but funnily enough it is the expensive part of the market that always gets hit the hardest in my observations. There is always some willing to rent a cheap property. I think we are a long long way off over building units in Perth hey?
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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Veritas
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newjez
27 Nov 2013, 05:14 PM
If Perth does have a down turn, it's units and apartments that will cop it worst. It is the variable section of the market. Most people here don't need to own, and can move back in with mum and dad. Semms to have got a bit ahead of itself in Perth at the moment. It's subdivision development crazy. If I was heavy in this section of the market - I'd be worried. Good area 4x2's like Carine for example would be a safer bet.
Apartments in the CBD are getting smashed.

Price and rents
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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Foxy
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Zero is coming...

It all gets back to supply and demand.
Peter from Gnarabup
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Veritas
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foxbat101
27 Nov 2013, 07:55 PM
It all gets back to supply and demand.
Peter from Gnarabup
:re:
Douche bag.
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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Foxy
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Zero is coming...

Veritas
27 Nov 2013, 07:58 PM
:re:
Douche bag.
Versace to you.
Peter
:to:
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Mike
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http://www.rpdata.com/research/daily_indices.html

Wow some solid figures starting to come through now. Perth is up almost 3% in the last month. Reiwa has perth up 2.1% in October. RPdata must be starting to pick up on this trend. A lot more middle and higher end properties now selling. Just like I said would happen, the upgraders have moved in after selling to first home buyers over the winter months which was the strongest in 7 years. I expect to see this trend to continue until around April/May 2014 with the normal slow down over the festive period.
http://mike-globaleconomy.blogspot.com.au/
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Foxy
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Zero is coming...

I did say this months ago, and was accused of spruking.
Peter from Gnarabup
:pop:
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newjez
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skamy
27 Nov 2013, 07:11 PM
Tuart Hill and Morley represent good buying as they are relatively well located, have big blocks and are pretty cheap compared to Carine. We were not game enough to invest there we chose a safer bet. But I am thinking that these areas may indeed prove profitable if the new young generation buy there en masse, the area will be transformed like Alexandria and the rest of the inner west was in Sydney over the last 10 years.

Over building can lead to trouble for units etc in a downturn but funnily enough it is the expensive part of the market that always gets hit the hardest in my observations. There is always some willing to rent a cheap property. I think we are a long long way off over building units in Perth hey?
Try to commute from there one day by bus ... You may think again.
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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