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after sydney boom

Discussion in 'Where to Buy' started by igor1234, 13th Oct, 2016.

  1. igor1234

    igor1234 Member

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    Any thoughts on the next place with CG? I am thinking Hobart and maybe the coast?
     
  2. MTR

    MTR Well-Known Member Premium Member

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    Melb is still experiencing boom but I think both markets are close to peak, but what do I know..:)

    Already happening but not in Australia, am playing in Atlanta USA market, its currently booming

    MTR
     
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  3. ej89

    ej89 Well-Known Member

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    Aleppo
     
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  4. larrylarry

    larrylarry Well-Known Member

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  5. JohnPropChat

    JohnPropChat Well-Known Member

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    Bargain hunting time in Perth. If you want slow and steady then Adelaide too
     
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  6. MTR

    MTR Well-Known Member Premium Member

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    JohnPC
    Just my opinion, however I would never recommend buying in Perth market, its not slow and steady it is actually a falling market, so what this means is the value of property you purchase today could actually be worth less this time next year.

    I don't have a crystal ball, however I am smart enough to understand that when the State economy is suffering and we have on going job losses we are no where close to recovery. There is an oversupply of stock and more sellers than buyers. Combine this with an oversupply of rentals does not make an attractive proposition today.

    MTR:)
     
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  7. MTR

    MTR Well-Known Member Premium Member

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    Have been reading and watching Melb and Syd markets, and have also posted figures on what has happened over the last 12 months, growth has slowed down in both these markets from this time last year.
    What investors do with their information is up to them, my guess is ignore it....

    Its not all bad... you can still take your profits off the table, buyers always lose their heads close to peak, I wonder why?? ... not too late yet.

    MTR:)
     
    Last edited: 13th Oct, 2016
  8. Perthguy

    Perthguy Well-Known Member

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    I agree with @MTR. Perth market is looking grim. Prices are down but dropping, rental vacancies are high and increasing. Yields are low and dropping.
     
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  9. MTR

    MTR Well-Known Member Premium Member

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    Yes, it will take a brave person to play in this market today.
     
  10. JDP1

    JDP1 Well-Known Member

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    not surprising- i wouldnt have thought anything else.
    Perth medians need to be between adelaide and brisbane for it to deemed a fairly priced market...imo...either that can mean brisbane will accelerate or perth will fall or both to a degree ( and we are seeing both things happening).
     
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  11. MTR

    MTR Well-Known Member Premium Member

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    That would be a massive drop for Perth, somewhere in the middle of Bris and Adelaide would be around $450K, Perth is currently $530K and Bris around $510K.
     
  12. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Not impossible.
     
  13. Brady

    Brady Well-Known Member

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    Care to share some of the Atlanta purchases? Interested to see what you're buying over there.
     
  14. MTR

    MTR Well-Known Member Premium Member

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    There will be some real pain if this does happen.
     
  15. Perthguy

    Perthguy Well-Known Member

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    Not necessarily. If Brisbane continues increasing and Perth continues decreasing then it could happen without Perth dropping massively. Remember that the median house price in Perth was higher than the Sydney median house price at one point? That wasn't because Sydney had a massive price drop. It seems ridiculous now that Perth was higher than Sydney!
     
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  16. JohnPropChat

    JohnPropChat Well-Known Member

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    What's the rationale for this? Both resource based economies with similar population levels. Yes Perth is doing it rough at the moment but that can happen to Brisbane too.
     
  17. MTR

    MTR Well-Known Member Premium Member

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    I will place some information on my other thread so this does not get derailed.
     
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  18. JohnPropChat

    JohnPropChat Well-Known Member

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    Perth is definitely a falling/trying to stabilize market and such markets bring out desperate vendors due to fear of loosing much more- could find a decent bargain when that happens. I am most certainly not jumping in for borderline deals. Just keeping a close eye for potential bargains.

    I have a suspicion that Perth is gonna over-correct before it stabilizes, just an opinion though.
     
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  19. Stoffo

    Stoffo Well-Known Member

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    The title is "AFTER THE SYDNEY BOOM" o_O
    Zzzzzzzz:p
    Still waiting :confused:
    For the end of said "boom" :cool:
    And waiting........................:D
    And .......:p

    Hobart for future growth
    DD for Perth & Darwin
    (the bottom can't be far away, buy in 6-9 months, 2 + years till you will see growth again, sell 4-5 years )
     
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  20. Barny

    Barny Well-Known Member

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    I hear not all markets in Perth are dropping. Has your latest purchase dropped further or same same?