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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 (9,395 Views)
goldbug
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Perth prices have climbed too high again and sales are drying up, again. Perth has been on this shallow rollercoaster for longer than I can remember.

Quote:
 

Perth at peak, Melbourne at bottom of property cycle: Herron Todd White

By Alistair Walsh
Tuesday, 27 August 2013

The Perth property market is at the peak of its property cycle with house sales declining, according to Herron Todd White’s latest report.

And unit sales are still increasing but the rental vacancy for units is now steady, compared to a severe shortage for Perth houses.
http://www.propertyobserver.com.au/residential/perth-at-peak-melbourne-at-bottom-of-property-cycle-herron-todd-white/2013082664319
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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miw
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Jhai Mitchell
27 Aug 2013, 04:49 PM
You are one of the rare ones, and we have not come across many negotiators such as ur self.

I love the attitude you have towards property alto of people get too emotional property I wrote about here
3 Key Emotions Around Selling Property And How It Can Cost You!f
.

In saying that I challenge you to a negotiation duel!

I guarantee you will not get a minimun of 6% discount on the asking price. BRING IT ON....! :ni:
I don't really get this exchange. You are not negotiating with the REA. When a REA tries to insert themselves into the negotiation I just say "that's my offer, please pass it on" or "Just tell the purchasor/vendor to give their position/request/offer in writing to me (or my solicitor, depending on what stage we are at.) or "I have no idea what my response will be. I toss a coin when I have something on paper."

Telling something to a REA makes you feel bound by your word but binds nobody else. Just don't do it. Never make any concession of any material kind without a binding concession from the other party (unless it is some bullshit thing like extending settlement by a day or two because someone's bank is screwing around and you are keen for the transaction to go ahead.)
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Foxy
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Zero is coming...

Jhai Mitchell
27 Aug 2013, 04:32 PM
I'm just saying I see a lot of young generation Y people coming into our industry deluded, thinking that it is a glamorous way to make money and become successful.

“When agents see some of the top guys, they don’t see the hard work and dedication that they have had to endure for years before they have reached this point,” he said.

“Starting out young, new agents don’t have the benefit of having a strong market presence.

“This is something you have to work on for at least three years, but more realistically, five before you see results. It doesn’t happen overnight and agents need to realise this early."

http://www.rebonline.com.au/breaking-news/6612-young-agents-disillusioned-steinwede

I'm so going to write an article about this! Watch this space :pop:

I would have to say this is 100%

The agents surviving/thriving are the ones that have always survived!

You have to be a solid agent to last in this industry.

Good insights guys keep it up! :tu:
Just look at Cricket as a sport, many Australians play cricket, but / and, we have only one top level cricket team.
So real estate agents we have thousands of them, but only a few top level ones.
The really big earners.
Restaurants, thousands and we know there is only a few worth eating at.
Wine how many wine labels??
How many are worth drinking.
It goes on and on and on.
Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Admin
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Quote:
 
Perth residential hitting turbulent air: HTW

By Stephen Taylor
Tuesday, 27 August 2013

Six to nine months of upside in the Perth residential property market has seen multiple offers on homes, properties staying on the market for only two or three days, and a low number of listings.

Well, that can’t - and it shouldn’t - last forever, according to Herron Todd White's latest residential update.

‘’That’s because property isn’t a frequently traded commodity. It’s not a share. It’s a place where families are sheltered and business is conducted and things are produced.

‘’Yet some people treat property with the same expectation as a Wesfarmers or Telstra share. They expect it to always go up and to provide a dividend along the way.

‘’They get very disappointed if there is talk that it will lose value. Some people get panicky about property and try to grab it and take control. Not letting reality sink in. These people are called investors.

‘’Others just see property for what it is, accept it and are not too worried or fussed about talk of market slowdowns or dips. They are called owner-occupiers or tenants.

‘’At the end of the day, property is not a share. It’s not an aeroplane either. It’s a thing that sits on a piece of dirt and has walls and a roof on it. As long as the piece of dirt is relatively clean and the roof doesn’t leak, all sorts of magic can happen from property.

‘’Sometimes babies are produced in them; at other times nice widgets are made in them and sold to other people.

‘’The residential sector in Western Australia is seeing a rate of take up unprecedented for many years which is now beginning to show signs of hitting turbulent air.’’

Read more: http://www.propertyobserver.com.au/residential/perth-residential-hitting-turbulent-air-htw/2013082764595
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Foxy
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Zero is coming...

that is one screwed up story.
Peter
:pop:
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