How many more years of pain for the Perth market?

Discussion in 'Property Market Economics' started by Citycat88, 12th Aug, 2016.

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How many more years of pain for the Perth market?

Poll closed 23rd Jan, 2020.

  1. 1 year

    45 vote(s)
    15.3%

  2. 2-3 years

    129 vote(s)
    43.9%

  3. 4-7 years

    60 vote(s)
    20.4%

  4. 8+ years - similar to the GFC in some other countries

    34 vote(s)
    11.6%

  5. Indefinite - a Japan style asset bubble collapse for decades to come

    26 vote(s)
    8.8%
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  1. bob shovel

    bob shovel Well-Known Member

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    It's the same over east though. People go overseas before they see oz. They'll go to fiji before exploring their own back yard.

    Aus tourism needs to get kath and kim to stay in oz for holidays!
     
    bob shovel, 16th Aug, 2016
    #101
  2. Brady

    Brady Well-Known Member

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    Made sure we went on a couple Aus holidays last year over the easy o/seas south east asia option.
    Did the Great Ocean Road & The Grampains - was absolutely awesome, so beautiful and in our own backyard of Aus!
    Also went up to QLD - bit of it was visiting family, but went Gold Coast, Brissy, Toowoomba and Mt Tambourine which was favourite of all of them.
     
    Brady, 16th Aug, 2016
    #102
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  3. BB5

    BB5 Well-Known Member

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    Usually do 1 overseas trip every 12-18 months and lots of long weekends at Byron/Sunny Coast/Gold coast here in Brisbane. Throw in the odd trip to Melbourne to see family.
     
    BB5, 16th Aug, 2016
    #103
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  4. wogitalia

    wogitalia Well-Known Member

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    You know you're doing alright when you can afford to holiday in Australia, nevermind multiple holidays ;)
     
    wogitalia, 16th Aug, 2016
    #104
    Phase2 and Brady like this.
  5. Ed Barton

    Ed Barton Well-Known Member

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    Tourists are not going to go to just Perth. So add on a domestic flight to the east and the cost and times are similar. Also, flight costs are no longer a significant portion of a holiday to a western country.

    Qantas are talking about direct flights from London to Perth on new 787(?)'s. That has the potential for Perth to capitalise on this and become a gateway, stopover destination for European travellers on their way to the 'big ticket' items in the east. It would be small, but it would be a start.
     
    Ed Barton, 17th Aug, 2016
    #105
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  6. MTR

    MTR Well-Known Member

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    MTR, 17th Aug, 2016
    #106
  7. bob shovel

    bob shovel Well-Known Member

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    Perth and wa tourism isn't non existent just because it's not sydney or Melbourne.

    I had a quick look at some numbers and they seem to doing ok considering the isolation.

    Wa tourism $9.3b
    Nsw tourism $25.3

    Population
    Perth 1.9m
    Sydney 4.7m

    The big difference is the population outside of the capitals
    WA 2.5m
    NSW 7.4M

    They are two very didn't cities but you can't just write off perth and wa, especially from the city dwellers in Sydney, melb and bris that haven't ventured out further than their coffee shop down the road.

    WA (and Australia) should be capitalising on the natural beauty we have and also targeting aussies. So much of the country is untouched and should be marketed and more accessible to tourists.

    You can build a "resort" and pool anywhere, why you need to fly overseas to drink cocktails and have swim i do not understand.... but we are a "simple" country :)
     
    bob shovel, 17th Aug, 2016
    #107
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  8. Ed Barton

    Ed Barton Well-Known Member

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    Relevance to my post?
     
    Ed Barton, 17th Aug, 2016
    #108
  9. bob shovel

    bob shovel Well-Known Member

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    Yeah i lost interest in your post and it became more general info
     
    bob shovel, 17th Aug, 2016
    #109
  10. theperthurbanist

    theperthurbanist Well-Known Member

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    In what respect would you say Brisbane has come along that Perth hasn't?

    If the two are somewhat analogous, but Perth is still yet to catch up with Brisbane's 'progress' might this not mean there is potential upside for the Perth market over Brisbane?
     
    theperthurbanist, 17th Aug, 2016
    #110
  11. MTR

    MTR Well-Known Member

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    no, not a chance because Perth cycle is now in decline where Brissy is either at bottom of cycle or starting to rise albeit slow but still at a different stage of cycle
     
    MTR, 17th Aug, 2016
    #111
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  12. wogitalia

    wogitalia Well-Known Member

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    Sure you can, but when you're charging $20 a cocktail and $300 a night compared to $4 and $75 you're fighting a losing battle.
     
    wogitalia, 17th Aug, 2016
    #112
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  13. Tattler

    Tattler Well-Known Member

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    Last time I went to Perth for work a few years ago. I paid $6 for a small coffee. I thought, this is so expensive, why would people go to Perth for holiday is beyond me ......
     
    Tattler, 17th Aug, 2016
    #113
  14. MTR

    MTR Well-Known Member

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    wow, you got ripped off big time, they must have realised you were one of those recknecks from East, nasty stuff:p
     
    MTR, 17th Aug, 2016
    #114
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  15. Phase2

    Phase2 Well-Known Member

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    Ripped off alright! Us 'locals' only paid $5 for a coffee.. now it's about $4
     
    Phase2, 17th Aug, 2016
    #115
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  16. JDP1

    JDP1 Well-Known Member

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    Cyclical as above
    .also look at the other thread with the development going on in the bn CBD and immediate surrounds. Perth cannot match that at the moment.
     
    JDP1, 17th Aug, 2016
    #116
  17. JDP1

    JDP1 Well-Known Member

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    Also regarding potential upside
    .maybe... But prices are high in Perth already and it's expensive for what it offers. Surely that will deter foreign investment a bit.
     
    JDP1, 17th Aug, 2016
    #117
  18. Perthguy

    Perthguy Well-Known Member

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    Or $3 if you go to the right coffee shop :D
     
    Perthguy, 17th Aug, 2016
    #118
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  19. Phase2

    Phase2 Well-Known Member

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    I've tried the $3 coffee in the CBD ... but I drink black, no sugar.. so far my $3 experience has been equivalent to "International Roast"... :confused:

    $4 will get you something decent, or at least doesn't taste like granddad's ashtray with water..
     
    Phase2, 18th Aug, 2016
    #119
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  20. bob shovel

    bob shovel Well-Known Member

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    I have atleast 4 of those when i go to ikea :D have to get your monies worth out of them!
    Also gets you out of the place quicker
     
    bob shovel, 18th Aug, 2016
    #120
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