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Real estate agents leave in droves as boom times end in Perth property market
Topic Started: 7 Jul 2013, 06:29 PM (9,399 Views)
newjez
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Brian
9 Jul 2013, 07:40 PM
Keep an open mind! It's the best defence against "the psychology of previous investment"
I can't access it - if anyone has an open copy?
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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Blondie girl
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What's with the psychology crap ...just open all orifices,.... you can then sort out what's suitable to you..
Duh
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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genX
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PerthyBoy
10 Jul 2013, 03:29 PM
Speaking of which. We just signed our lease agreement in Perth...

It used to be 12 months. Then 6 months.

We are now on periodic by our choice AND the rent dropped.

We told them rates fell so we are moving out. Unless they drop the rent by $20.

And they did!

Given the STACKS of rentals in Perth now we might just move out to cheaper digs.

Rent was 450. Now it's 430.
Cost to move $1000 (apartment living baby!)
Places better than ours for 400... Savings $1600 a year.

I love it when all the immigrants finally realise its costing them 50% of their wage just to live in Perth and now they are all like fk Perth ill go home to work get paid the same and live with family and friends and still earn the same. Especially now the exchange rate has turned to shit.


Soooo many properties on the market and so many boomers starting to worry their assets about to take years of zero to negative growth trying to cash out of Perth haha. What's that? New housing builds is up? Increasing supply even more? Because people without debt can now borrow with almost no interest? The 18 yr old tradie working 1 year under you has a new house twice as nice as yours? But it's ok because you negatively gearing... Haha idiots.

It's funny as fk to see someone who's a TA with a nicer house than the boss. And the boss is like 'buy my house off me so I can upgrade but the TA is like, na old man I can build a new house for half what you need to cover your losses. ' and the boss getting angry but not know why his houses are worth less than what the new guy just managed to buy.

It's called a meltdown and its happening in Perth right now. Smart ones got out and got shares and bonds or if they really wanted realestate bought in the freeway new expansion villages. Dumb ones kept holding onto flat assets. Having a unit paid off giving you money is shit if you don't get more than at least the cash rate back. And negatively gearing it DAM stupidity! Morons. Boomer generation is having its wealth stolen from it because they don't understand what inflation is. It's awesome for the new generation. Cheap rent and easy money. Bad for the boomers. Someone who's 25 has been over seas and partied harder more often than a boomer in his 50's and they still have greater capacity than the boomer.


I like you. You should register an account, or three.
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Foxy
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Zero is coming...

Blondie girl
9 Jul 2013, 02:04 PM
This report isn't really being descriptive ...so which suburbs are detrimentally affected??... & what dereases in rent has been evident??

Rentals are tanking.
It is happening right now.
Peter from Perth
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Mike
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PerthyBoy
10 Jul 2013, 03:29 PM
Speaking of which. We just signed our lease agreement in Perth...

It used to be 12 months. Then 6 months.

We are now on periodic by our choice AND the rent dropped.

We told them rates fell so we are moving out. Unless they drop the rent by $20.

And they did!

Given the STACKS of rentals in Perth now we might just move out to cheaper digs.

Rent was 450. Now it's 430.
Cost to move $1000 (apartment living baby!)
Places better than ours for 400... Savings $1600 a year.

I love it when all the immigrants finally realise its costing them 50% of their wage just to live in Perth and now they are all like fk Perth ill go home to work get paid the same and live with family and friends and still earn the same. Especially now the exchange rate has turned to shit.


Soooo many properties on the market and so many boomers starting to worry their assets about to take years of zero to negative growth trying to cash out of Perth haha. What's that? New housing builds is up? Increasing supply even more? Because people without debt can now borrow with almost no interest? The 18 yr old tradie working 1 year under you has a new house twice as nice as yours? But it's ok because you negatively gearing... Haha idiots.

It's funny as fk to see someone who's a TA with a nicer house than the boss. And the boss is like 'buy my house off me so I can upgrade but the TA is like, na old man I can build a new house for half what you need to cover your losses. ' and the boss getting angry but not know why his houses are worth less than what the new guy just managed to buy.

It's called a meltdown and its happening in Perth right now. Smart ones got out and got shares and bonds or if they really wanted realestate bought in the freeway new expansion villages. Dumb ones kept holding onto flat assets. Having a unit paid off giving you money is shit if you don't get more than at least the cash rate back. And negatively gearing it DAM stupidity! Morons. Boomer generation is having its wealth stolen from it because they don't understand what inflation is. It's awesome for the new generation. Cheap rent and easy money. Bad for the boomers. Someone who's 25 has been over seas and partied harder more often than a boomer in his 50's and they still have greater capacity than the boomer.


So many lies where to start.

Stock on market to buy property has decreased by over 70% in the last 2 years. That's one lie you told.

Baby Boomers worried about property assets. Baby boomers would be most pleased with prices up 13% from the bottom of the market and 10% YoY.

Cheap rent? Rents have increased from $320 a week 2 years ago to a median of $470. Reiwa reported there latest update in the weekend papers saying despite the vacancy rate increasing median rents have increased to $475 per week as of June. The vacancy rate is still a tight market until it is well over 3%.

You are funny I will give you that, but telling lies when we all know the stats and figures of the market is not a bright idea.

Good luck with saving $20 a week, I'm sure that will make you very wealthy into the future. Don't blow it on in 5 mins on the pokies now down at the Kwinana TAB.
http://mike-globaleconomy.blogspot.com.au/
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newjez
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Blondie girl
10 Jul 2013, 06:29 PM
What's with the psychology crap ...just open all orifices,.... you can then sort out what's suitable to you..
Duh
Were you replying to someone? Cos that was weird. You weren't on a porn site as well????
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
doubleview
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PerthyBoy
10 Jul 2013, 03:29 PM
Speaking of which. We just signed our lease agreement in Perth...

It used to be 12 months. Then 6 months.

We are now on periodic by our choice AND the rent dropped.

We told them rates fell so we are moving out. Unless they drop the rent by $20.

And they did!

Given the STACKS of rentals in Perth now we might just move out to cheaper digs.

Rent was 450. Now it's 430.
Cost to move $1000 (apartment living baby!)
Places better than ours for 400... Savings $1600 a year.

I love it when all the immigrants finally realise its costing them 50% of their wage just to live in Perth and now they are all like fk Perth ill go home to work get paid the same and live with family and friends and still earn the same. Especially now the exchange rate has turned to shit.


Soooo many properties on the market and so many boomers starting to worry their assets about to take years of zero to negative growth trying to cash out of Perth haha. What's that? New housing builds is up? Increasing supply even more? Because people without debt can now borrow with almost no interest? The 18 yr old tradie working 1 year under you has a new house twice as nice as yours? But it's ok because you negatively gearing... Haha idiots.

It's funny as fk to see someone who's a TA with a nicer house than the boss. And the boss is like 'buy my house off me so I can upgrade but the TA is like, na old man I can build a new house for half what you need to cover your losses. ' and the boss getting angry but not know why his houses are worth less than what the new guy just managed to buy.

It's called a meltdown and its happening in Perth right now. Smart ones got out and got shares and bonds or if they really wanted realestate bought in the freeway new expansion villages. Dumb ones kept holding onto flat assets. Having a unit paid off giving you money is shit if you don't get more than at least the cash rate back. And negatively gearing it DAM stupidity! Morons. Boomer generation is having its wealth stolen from it because they don't understand what inflation is. It's awesome for the new generation. Cheap rent and easy money. Bad for the boomers. Someone who's 25 has been over seas and partied harder more often than a boomer in his 50's and they still have greater capacity than the boomer.


Right on %100

The heat is leaving the rental market!!

The news is out mining & mining services arent hiring so there not coming.

If your not connected to that gravy train the newbies will leave as quick as they come.

This is set to get a lot lot worse!

Nice confidence buider here

The locals arent fucken spending it costs too much

Words getting around that Perths to fucken expensive

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Elastic
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A bullish article about the booming rental market in Perth. Seems like the writer is about 12 months behind the curve with this one.
Fortunately they have placed a large picture of Doc Wilson on this page just to reinforce the fact that the article is probably rubbish.

Perth to eclipse Sydney rental prices

Quote:
 
Rental prices in Perth have continued to rocket despite median falls or stagnation in every other Australian state or territory in recent months solidifying a trend that could see Perth become the most expensive place in the country for renters.

"It's interesting times ahead for Perth and not a great time for people who are renting," said Australian Property Monitors senior economist Andrew Wilson.

The median asking rent for a house in Perth has risen 1 per cent, or $5 per week in the three months to June, up to $490, according to APM data released on Wednesday.

If the trend continues Perth looks poised to eclipse Sydney's median house price of $500 per week.

Is it possible that articles like this are put out by the REI to try to limit the falls in rental prices that are currently happening in Perth?

SQM asking rents for Perth
Edited by Elastic, 11 Jul 2013, 12:18 PM.
Only a rat can win a rat race.

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newjez
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Elastic
11 Jul 2013, 12:05 PM
A bullish article about the booming rental market in Perth. Seems like the writer is about 12 months behind the curve with this one.
Fortunately they have placed a large picture of Doc Wilson on this page just to reinforce the fact that the article is probably rubbish.

Perth to eclipse Sydney rental prices



Is it possible that articles like this are put out by the REI to try to limit the falls in rental prices that are currently happening in Perth?

SQM asking rents for Perth
Vacancy rate increasing by 20% - up to 3.2.

Sales down by 20% on last week.

Stock on market increasing.

Check out reiwa. Not looking good. Shame, I was almost thinking of turning bullish. But, how can you?
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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Blondie girl
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newjez
11 Jul 2013, 05:48 AM
Were you replying to someone? Cos that was weird. You weren't on a porn site as well????
Ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooh

What I meant about the orifice ..is that you can choose to digest the info via your gob & eventually shit it out the other end... You have a choice whether to accept or reject the info.

But nooooooooo
You had to think of something else..porn is good , it does help spice things up between a special person...I don't need to get into details , so I'll just say this ..giving & receiving is well umm nice.. :to:
foxbat101
11 Jul 2013, 12:29 AM
Rentals are tanking.
It is happening right now.
Peter from Perth
Gosh you are a drama

Yes some suburbs/ properties may be taking more time to rent out.. Gone are the days that it gets snapped up quickly..

You really shouldn't winge Peter rabbitt coz Mt Lawley is a top performance priced surburb ...very close to Perth..
Oooohh
Edited by Blondie girl, 11 Jul 2013, 01:37 PM.
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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