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Perth house prices to jump again
Topic Started: 7 Oct 2013, 12:35 PM (3,464 Views)
Massive
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herbie
8 Oct 2013, 06:50 PM
Like this in my neck of the woods Piggy - Not everyone's cup of tea ... But not all that shabby either perhaps? :

https://www.google.com.au/search?q=old+queenslander+for+sale&tbm=isch&tbo=u&source=univ&sa=X&ei=57dTUqrGJe2YiAfnuIDgCQ&ved=0CGcQsAQ&biw=1366&bih=622&dpr=1
Try building a "queenslander" today on a median budget ... there is a reason no one on a budget does and its not because they look old..

the price would bring you to tears if you were thinking of making one a starter home.... Would have to remove the verandahs for a start, some of the internal walls, get rid of the stilts, etc etc...

Not to mention the size of land it was probably set down on... Timmy has no idea... houses have been trimmed and trimmed and trimmed to accommodate for rising construction costs.
Edited by Massive, 8 Oct 2013, 07:04 PM.
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Veritas
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Pig Iron
8 Oct 2013, 06:38 PM
Kulganis
8 Oct 2013, 12:27 PM
It's really because it is difficult to think beyond memory, Skamy is being truthful, but only if you ignore ~100 years prior to about 1989:

Posted Image

Or ~60 years prior to about 1953:

Posted Image
so what did a house in 1930 look like compared to today?

you are just another bear trapped in 1/2 truths....
Hey Timmy, do you actually believe that houses are that much more expensive because they have theatre rooms and granite tops in the kitchen

MWHAHAHAHAHAHAHAHAA!!!

Ah, that's the best laugh I've had all day. *wipes tear from eye*
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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Pig Iron
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Bogan scum

Veritas
8 Oct 2013, 07:02 PM
Hey Timmy, do you actually believe that houses are that much more expensive because they have theatre rooms and granite tops in the kitchen

MWHAHAHAHAHAHAHAHAA!!!

Ah, that's the best laugh I've had all day. *wipes tear from eye*
houses ARE more expensive in a large part due to this. or are you trying to tell me a 2/1 fibro typical in the 30s should cost the same as a mcmanaion to build????
there are also a lot of taxes such as gst which werent around. tell you what you show me a new house build which is 1930's spec and take out 1/11 the cost for gst and see if they are the same in real price terms.
Edited by Pig Iron, 8 Oct 2013, 07:12 PM.
I am the love child of Tony Abbott and Pauline Hanson
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herbie
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Pig Iron
8 Oct 2013, 07:09 PM
houses ARE more expensive in a large part due to this. or are you trying to tell me a 2/1 fibro typical in the 30s should cost the same as a mcmanaion to build????
there are also a lot of taxes such as gst which werent around. tell you what you show me a new house build which is 1930's spec and take out 1/11 the cost for gst and see if they are the same in real price terms.
Fibro was used from the 1950s on Piggy:

http://asbestosremovalguide.com/446/how-to-identify-asbestos-fibro-cladding/

'N it was the 1930s ya originally asked about no?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Massive
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herbie
8 Oct 2013, 07:21 PM
Fibro was used from the 1950s on Piggy:

http://asbestosremovalguide.com/446/how-to-identify-asbestos-fibro-cladding/

'N it was the 1930s ya originally asked about no?
my great grandfather's home in late 30's / early 40's was solid masonry construction - massively high ceilings, and carved details / beautiful solid timber floors, and huge block with amazing views ...

they were hardly upper crust incomes either - refugees in fact ... they just added some fibro extensions as the family grew older.. still regret the family sold the place off when i was too young to be able to invest in it myself... was a beautiful place ..


Edited by Massive, 8 Oct 2013, 07:33 PM.
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Veritas
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Pig Iron
8 Oct 2013, 07:09 PM
Veritas
8 Oct 2013, 07:02 PM
Hey Timmy, do you actually believe that houses are that much more expensive because they have theatre rooms and granite tops in the kitchen

MWHAHAHAHAHAHAHAHAA!!!

Ah, that's the best laugh I've had all day. *wipes tear from eye*
houses ARE more expensive in a large part due to this. or are you trying to tell me a 2/1 fibro typical in the 30s should cost the same as a mcmanaion to build????
there are also a lot of taxes such as gst which werent around. tell you what you show me a new house build which is 1930's spec and take out 1/11 the cost for gst and see if they are the same in real price terms.
Total and utter nonsense.

Really Timmy, I thought you got the whole cheap and easy credit + speculation + fundamentals +inelastic supply = massive price inflation bit. And just thought it a new norm.

Posted Image
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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Massive
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Veritas
8 Oct 2013, 07:40 PM
Total and utter nonsense.

Really Timmy, I thought you got the whole cheap and easy credit + speculation + fundamentals +inelastic supply = massive price inflation bit. And just thought it a new norm.

Posted Image
yep... houses can still be built cheap - but even still, how many homes do you see building verandahs etc... almost never happens anymore .. sure we get the ducted air or whatever... laughable saying houses are better value now than before and justify the massive price increase ...

its all speculation on land value..



Edited by Massive, 8 Oct 2013, 08:50 PM.
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herbie
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Veritas
8 Oct 2013, 07:40 PM
Posted Image


Jeez; If a bloke wasn't a bull what knew better, that graph of yours could look just a tad like a 'bubble' Veritas??? :D
Edited by herbie, 8 Oct 2013, 08:55 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rodger
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herbie
8 Oct 2013, 08:54 PM


Jeez; If a bloke wasn't a bull what knew better, that graph of yours could look just a tad like a 'bubble' Veritas??? :D
Dunno 'bout dat

Shows prices doubled (from 100 to 200) in just o'er one decade, from 1961 to 1972ish, so maybe a bubble in 1972, doubling in a decade, dat is a bit much

BUT...!!!

Den it took 4 DECADES (1772-2013) to double again from 200 to 400 (where it is noo), only doubling in 4 decades, dat aint no bubble!
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newjez
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Mike
8 Oct 2013, 10:03 AM
http://au.news.yahoo.com/thewest/a/-/newshome/19280394/perth-house-prices-to-jump-again/




This matches my view. As I have stated previously, Perth's growth so far is built on strong owner occupier demand (FHB & Upgraders) with investor making up less then 30% of the market. That is the sign of a very healthy market. Perth has the strongest FHB market in the nation, which is a leading indicator of the strength and pent up demand in the market.
Yes we have that link. I want a link to the story that article is referring to.
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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