Perth buyers are offering the most above asking prices then in any other location in the nation including Sydney.
Quote:
WESTERN AUSTRALIA
A greater percentage of buyers in WA intend to purchase property in the $500,000 to $1.5 million price bracket than any other state in the country.
The number has more than doubled in the past twelve months and now accounts for 47 per cent of buyers in the state - compared to just 41 per cent of those looking to buy in
second placed NSW.
"(Just) 31 per cent of buyers are seeking property priced $400,000 or less compared to 35 per cent in 2012," Mr Charlaftis said.
The Perth property market is running hot in nearly every category.
Land sales are 40% higher then long term averages. Land stock has plummeted almost 10% in the last 3 months despite developers bringing 55% more blocks of land to the market then 12 months ago.
Sales volumes for the September quarter are 43% above the 10 year average.
House approvals for building are up 50% to be at the same level as the 2006 Boom which lead to a doubling of house prices in just a few years.
These are the facts as they stand. Perth is set for solid property price growth over the next 18 months.
Newjez might be right, I did get something wrong. I have underestimated how strong this growth period would be. We are already past 15% growth in prices from the bottom of the market. We could be heading much much higher.
You do realize that when you start a thread you can add to it? No? You don't need ten threads in ten days all on the same thing? Can we group them please Alex?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
You do realize that when you start a thread you can add to it? No? You don't need ten threads in ten days all on the same thing? Can we group them please Alex?
Why? It contains new data from the month of November which recorded 3% rise in house values in just one month. That is news worthy of its own thread. Let alone that buyers in WA intend to buy properties between $500,000 and $1.5 million at the highest % of any location in the nation.
This is new data and information from separate links.
Sounds like sour grapes to me as you don't like what the data is telling you.
The Perth property market is running hot in nearly every category.
Land sales are 40% higher then long term averages. Land stock has plummeted almost 10% in the last 3 months despite developers bringing 55% more blocks of land to the market then 12 months ago.
Sales volumes for the September quarter are 43% above the 10 year average.
House approvals for building are up 50% to be at the same level as the 2006 Boom which lead to a doubling of house prices in just a few years.
These are the facts as they stand. Perth is set for solid property price growth over the next 18 months.
Newjez might be right, I did get something wrong. I have underestimated how strong this growth period would be. We are already past 15% growth in prices from the bottom of the market. We could be heading much much higher.
You do realize that when you start a thread you can add to it? No? You don't need ten threads in ten days all on the same thing? Can we group them please Alex?
Come on Newjez it is not like you to turn whiney on us -you don't complain when perthite posts his endless negative stuff. Is the glut of good news getting you down?
Supply and demand. Peter I told you so. They just will not listen, i tried to tell them months ago but was accused of "spruking" Only one thing to say. http://www.youtube.com/watch?v=aJh1Di-rR3M
Peter
That is the thing with these guys - they rely on the indices etc, when to understand or be ahead of the game in property purchasing you need to be going to home opens following through to record sales results, talking to builders, visiting show homes and monitoring sales activities.
It was clear as anything a few months ago that the upper end was moving, homes that had lingered for years in places like city beach were starting to sell. Just regular monitoring of REIWA would tell you this.
Now they are acting all surprised when their silly uninformed prophesies of doom are not forthcoming.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Come on Newjez it is not like you to turn whiney on us -you don't complain when perthite posts his endless negative stuff. Is the glut of good news getting you down? That is the thing with these guys - they rely on the indices etc, when to understand or be ahead of the game in property purchasing you need to be going to home opens following through to record sales results, talking to builders, visiting show homes and monitoring sales activities.
It was clear as anything a few months ago that the upper end was moving, homes that had lingered for years in places like city beach were starting to sell. Just regular monitoring of REIWA would tell you this.
Now they are acting all surprised when their silly uninformed prophesies of doom are not forthcoming.
Makes no diff to me, but we seem to have three or more threads on Rio. Mike has already shown he can use the search button. It just makes it easier to find things with one thread.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Come on Newjez it is not like you to turn whiney on us -you don't complain when perthite posts his endless negative stuff. Is the glut of good news getting you down? That is the thing with these guys - they rely on the indices etc, when to understand or be ahead of the game in property purchasing you need to be going to home opens following through to record sales results, talking to builders, visiting show homes and monitoring sales activities.
It was clear as anything a few months ago that the upper end was moving, homes that had lingered for years in places like city beach were starting to sell. Just regular monitoring of REIWA would tell you this.
Now they are acting all surprised when their silly uninformed prophesies of doom are not forthcoming.
I was driving a friend around who is thinking of moving back to Perth, i was taken by surprise how much the market had moved and how confident the agents were. I mentioned it on Australian Property Forum, only to be told by a number of people that i was "Spruking" i just don't get these people. Are they just thick or do they think they can will the market to do what they say if they say it enough times??? Peter From Gnarabup What are they trying to achieve???
The Perth property market is running hot in nearly every category.
Land sales are 40% higher then long term averages. Land stock has plummeted almost 10% in the last 3 months despite developers bringing 55% more blocks of land to the market then 12 months ago.
Sales volumes for the September quarter are 43% above the 10 year average.
House approvals for building are up 50% to be at the same level as the 2006 Boom which lead to a doubling of house prices in just a few years.
These are the facts as they stand. Perth is set for solid property price growth over the next 18 months.
Newjez might be right, I did get something wrong. I have underestimated how strong this growth period would be. We are already past 15% growth in prices from the bottom of the market. We could be heading much much higher.
Ooohhhhh New jez is soo right ... He lives in England he knows sooooo much ....
Remember that Mike..
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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