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.
Why do you have faith in rp when it is going up, but not when it is coming down?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Why do you have faith in rp when it is going up, but not when it is coming down?
Please provide a link to when I have said RP data is not a good indice when it showed declines. Unlike yourself I accept the data for what it is from all sources. It is what it is.
I did warn you a number of months ago this would happen, you once again got it wrong. You said Perth had peaked, well clearly that was wrong as we have reached multiple new highs over the last few weeks.
Why when I tell you what is happening do you not listen or believe me when my track record is almost flawless, I call it as I see it and I'm pretty dam close most times.
Please provide a link to when I have said RP data is not a good indice when it showed declines. Unlike yourself I accept the data for what it is from all sources. It is what it is.
I did warn you a number of months ago this would happen, you once again got it wrong. You said Perth had peaked, well clearly that was wrong as we have reached multiple new highs over the last few weeks.
Why when I tell you what is happening do you not listen or believe me when my track record is almost flawless, I call it as I see it and I'm pretty dam close most times.
Oh no you're not.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Please provide a link to when I have said RP data is not a good indice when it showed declines. Unlike yourself I accept the data for what it is from all sources. It is what it is.
I did warn you a number of months ago this would happen, you once again got it wrong. You said Perth had peaked, well clearly that was wrong as we have reached multiple new highs over the last few weeks.
Why when I tell you what is happening do you not listen or believe me when my track record is almost flawless, I call it as I see it and I'm pretty dam close most times.
Seriously Mike? You Cherry pick whatever index is on the rise, and when none are, you say they are all wrong for one reason or another. You've been a mega bull during six years of lack luster markets. You're a broken record Mike.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Seriously Mike? You Cherry pick whatever index is on the rise, and when none are, you say they are all wrong for one reason or another. You've been a mega bull during six years of lack luster markets. You're a broken record Mike.
Mikes like a terminator going into kill mode! latches onto anything positive and kills anything negative!
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?
Remember the fact that Perth is continuously growing in its population forecasts ....we are now way near the risk of overbuilding ...high density projects is vital in the city & it's surrounds..
Ive got my own comfort rules to investing & I've generally stayed away from apartments , I've always worked with homes on big blocks, to eventually subdivide, develop then sell off.
I do believe the transport infrastructure will get its act together especially in suburbs that's only 20minutes from the city centre, still room for improvement....
Some of these northern suburbs , like Bedford, Morely, Embleton, Yokine, Dianella, Noranda etc NOT at the mercy of having to travel on the shitty freeway to town.......
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.
Still trying to find these declines Newjez has talk about for years or more recently the market peaked 4 months ago only to set new all time highs.
newjez
28 Nov 2013, 01:02 PM
Seriously Mike? You Cherry pick whatever index is on the rise, and when none are, you say they are all wrong for one reason or another. You've been a mega bull during six years of lack luster markets. You're a broken record Mike.
Provide links to your comments, proof please. As I never cherry pick, I take all the data as it comes as any smart investor should.
No I have never been a mega bull, I bought most of my properties during bear markets that is the best time to buy.
unfortunately for yourself and the other bears you missed the last bear market and now need to wait a few more years for the next one. In the mean time you get to watch Perth prices rise at least another 10% if not more. That would bring rises since the bottom of the market to about 25% that is very conservative and we could overshoot this by a big margin.
It must be hard work to be constantly wrong, in fact I think you are one of the few bears to yet be right on, well anything really.
goldbug
28 Nov 2013, 10:06 AM
Please provide a link to your call before the GFC hit and how you predicted Perth would wallow like a pig for 6 years.
You mean after prices doubled in 2 years and were up 140% over 5 years prior to that. Wow and you think I cherry pick.
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.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy