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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,378 Views)
Strindberg
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newjez
13 Dec 2013, 03:12 AM
how much of that growth was in the last quarter Mike? Would that be decelerating growth?
The latest data, published today, shows that the "last quarter" growth for Perth was 4.57%. The last year growth was 9.81%.

Simple maths indicate that to be accelerating growth rather than "decelerating growth".

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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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ivanavanmaanen
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Mike
16 Jun 2013, 08:25 PM
Blondie girl
16 Jun 2013, 02:12 PM
Mike

Things have flattened out now...
I do like SQM research & Abs data..
I'm happy I've stuck with inner city properties coz I'm not going to have issues with getting good tenants..
The suburbs I'm in has performed exceedingly well in its price growth rates .

I'm very happy :)
I would agree for properties priced over $700 to $800k in some inner suburbs, price ranges under this are selling strongly almost everywhere. Even some inner city suburbs are doing very well.

I have noticed a very slight increase in listings for sale in areas I have checked out in the past week.

Keeping a close eye on sales, so far no noticeable slow down.
maylands, buy maylands, great suburb to raise a family in
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newjez
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Strindberg
13 Dec 2013, 10:47 AM
The latest data, published today, shows that the "last quarter" growth for Perth was 4.57%. The last year growth was 9.81%.

Simple maths indicate that to be accelerating growth rather than "decelerating growth".

Posted Image
Sorry Stringberg - I was referring to GDP growth - Mike quoted 5.1% for the year. It's wasn't clear I know. The abs figures were out yesterday I believe.
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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ivanavanmaanen
13 Dec 2013, 11:23 AM
maylands, buy maylands, great suburb to raise a family in
Great if your after capital gains. Location location.

Murder central though. Sorry.

I used to drive through on my commute daily. Two words... 'police tape.'
newjez
13 Dec 2013, 06:39 PM
Sorry Stringberg - I was referring to GDP growth - Mike quoted 5.1% for the year. It's wasn't clear I know. The abs figures were out yesterday I believe.
Just as I said.... Just numbers on a page.

No value. No Revenue. No jobs. No extra cash to shop or buy a car.

This 'production phase' of the boom is an absolute stinker.

If someone sold me this shit I would launch it back through their glass shopfront.
Edited by Perthite, 13 Dec 2013, 10:13 PM.
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newjez
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Perthite
13 Dec 2013, 10:09 PM
Great if your after capital gains. Location location.

Murder central though. Sorry.

I used to drive through on my commute daily. Two words... 'police tape.'

Just as I said.... Just numbers on a page.

No value. No Revenue. No jobs. No extra cash to shop or buy a car.

This 'production phase' of the boom is an absolute stinker.

If someone sold me this shit I would launch it back through their glass shopfront.
I think it was 0.1% growth for the last quarter. Looks to be tanking.

Used to live in Maylands, when I was a student, and later in the peninsula on the lakes. Good location - bike path to the city. It is being gentrified - but too many large blocks of crap flats need to be demolished, and it's unit city. You can get lost in some of those complexes. Plus it's already gone in parts.

Belmont is a much better 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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Perthite
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newjez
13 Dec 2013, 10:56 PM
I think it was 0.1% growth for the last quarter. Looks to be tanking.

Used to live in Maylands, when I was a student, and later in the peninsula on the lakes. Good location - bike path to the city. It is being gentrified - but too many large blocks of crap flats need to be demolished, and it's unit city. You can get lost in some of those complexes. Plus it's already gone in parts.

Belmont is a much better bet.
You will the see the growth ebb and flow with the ore cycle.

That is just the usual slowdown this time of year in exports.

I have known this for some time.

No-one will pick this up. Besides Leith.

Guess I can't use it to pawn Mike anymore now.
Edited by Perthite, 13 Dec 2013, 11:04 PM.
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Mike
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Perthite
13 Dec 2013, 11:02 PM
You will the see the growth ebb and flow with the ore cycle.

That is just the usual slowdown this time of year in exports.

I have known this for some time.

No-one will pick this up. Besides Leith.

Guess I can't use it to pawn Mike anymore now.
You and Newjez are misreading the cycle and the data yet again.

I will remind you of this yet again next year.

Meanwhile, unemployment is very low the economy continues to grow strongly. Retail sales appear to be booming up 20% on same period last year. Confidence is also at a 5 year high with most people surveyed expecting a stronger economy over the next 12 months.

My prediction has come to pass, we broke through 15% growth since the bottom of the market a few weeks back, now up over 16%.

The question is now is how high will it go. Looking at past growth cycles the 2nd year is nearly always stronger then the 1st year. Should be very interesting.

Looking at this from a purely economic and mathematical view point, there is little stopping Perth's median prices overtaking Sydney as our income is greater and ability to afford higher prices is greater. The potential is present but will the market accept such high prices, I don't think so. That however does not mean it wont happen. In dollar terms that would mean an increase of over $200,000 to the median prices of today. One factor in our favour to help keep prices down is we have plenty of land to use should we want to, while Sydney is constrained by natural boundaries. Perth could keep expanding north and south for hundreds of kilometres if we so desired.
http://mike-globaleconomy.blogspot.com.au/
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newjez
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You're knowledge of geography is only surpassed by your knowledge of economics Mike. You are a gentleman and a scholar. Where did you study?
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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Pig Iron
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Bogan scum

Perthite
13 Dec 2013, 10:09 PM
Just as I said.... Just numbers on a page.

No value. No Revenue. No jobs. No extra cash to shop or buy a car.

This 'production phase' of the boom is an absolute stinker.

If someone sold me this shit I would launch it back through their glass shopfront.
are you really this retarded, or are you just bitter you got it wrong?

"just numbers on a page"??? so you next time you ferret out some negative news and i come back at you with "it's just numbers on a page" you'll suck it up and accept it? i highly doubt it.

i'ts ALL numbers on a page you knuckle dragger. the bulk of the revenue comes from the production phase, just because you are too stupid to follow the money trail it leaves it won't mean it's not real. you will end up with the same dumb founded look on your face next year when there's no crash and you just can't figure out why....
I am the love child of Tony Abbott and Pauline Hanson
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Perthite
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Yet states with pathetic growth are outperforming our jobs and retail sectors.

Under normal circumstances if you told me we had 5.1% annual growth I would say we would be looking at 35-45, 000 full time jobs.

Not minus 5, 000.

You wont ask the question.
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