Is 2016 the year you’ll make a killing in the property market?

If you could pick the bottom of Perth you could ride it all the way back up again.

When do you think the bottom will be, still sliding downwards from what I've seen.

 

I would say Perth will bottom next few years. You could do a lot worse than buying right now. Look all the negative sentiment. Great time to be buying.

 

Especially if you can buy now at good prices and hold for the loooong term.... with NRAS to supplement the hold and pay down a decent portion of the debt along the way.

 

Not good at the moment unfortunately.

I won't buy until I see the market turning, its not at bottom yet just my opinion

for me it's a buy when the market starts to rise. I don't want to be holding properties that bleed me.

When development sites start making sense then I will buy in, not the case today

Where do you see Adelaide at the moment? I am hoping that this market will start moving north, if it does what markets do you think will move first?

MTR

 

Adelaide's moving, things are worth more than a few months ago.

Houses with development potential are selling fast, but the end numbers dont stack up so it doesn't make sense to me.

Character / Period homes sell quickly, especially if unrenovated as people love to renovate them.

Some inner suburbs are tightly held, only X amount of sales per year. So when those opportunities come up they go.

I've generally bought rejects that no one else wants, thats how I've gotten good deals.

 

I would wait another couple of years until the Two big LNG projects in WA are over. People on here have little idea what these projects do for the Perth economy. It is Massive. Once there over it will be seen everywhere from taxi drivers to cafes

 

Uh oh the perthians will be on soon

There must be a big void in the budget coming. They done well at spending while they had it though!.... But now the state is for sale there's a freeze on hiring new staff in hospitals, understandable I guess as there should be a decline in patients if people are leaving wa.they've also spent up big time building new hospitals, when Reno and extension would have done!
Plenty of water Corp and Western power guys getting the boot. May be the dead wood though?

I left gladstone before coming across and there seems like a similar "feel ". The circus is leaving town! Doom and gloom talk, everything is for sale, no jobs...but they can stand on their two feet they're just losing the "cream". There are plenty of other industries that keep wa turning. Like Cairns with its tourism, it's all swinger's and roundabouts

 

The market went south from mid 2014, we are now in a down turn cycle, most down turn cycles last much longer boom cycles. There is nothing at the moment that makes me feel confident this market will suddenly turn around.

It will take far more than one project to change market sentiment.

MTR

 

The market will get worse once the construction projects are over in a couple of years IMO.

Every one will go home back east and back overseas.

 

I think there are some house bargains in the form of one's with wheels and about 20 foot long. The toy sale has begun!

 

we are seeing 40% drop in housing prices in mining towns, Karratha, Pt Hedland, South Hedland, Newman as well as rents. Lots of investors getting burnt here.

I don't see anything pretty at the moment in the Perth market, that's why I am not touching anything and not building/developing at this point in time as I just don't know what end values will come in at, for me its just too high risk.

If I see an opportunity I will jump in but nothing is really stacking up for me.

 

then you'll tap me on the shoulder yeah...

 

I think I have given heads up with Melb market, that was the tap on the should..

Perth, I will wait for someone to tap me on my should...LOL

 

Perth market is the model for the whole country now. First the downturn of the mining boom was seen in small mining towns, than came Perth, not as bad, but getting worse. You can guess what will come next... That's why I'm watching Perth very, very closely.

 

Maybe.
I don't know this market but I'm keen to get into it in the future, you cannot compare a city of 1.7 million to a mining town. Once vacancy rates stabilise along with rents it will have opportunities like any market.
I'm keen to get into this market in the future once it has completely stabilised.

 

It's a resources town

 

I'm not comparing it. I'm watching the chain of events which helps to predict the unpredictable price action of the future. That's what every trader does.

 

Bump

Is 2017 the year you make a killing in Property?????

Anyone??

 

Income wise yes
Capital gains no :-!
Tax wise :-(