Is anywhere not booming?

Every post recently seems to be about where is currently booming and seeing price rises that 12 months ago seemed almost impossible.
I tend to only watch the areas where I have property and use this forum as a guide to gauge the temperature of the market as a whole.

This has got me thinking is there anywhere where the price rises haven’t come yet?

Maybe supply is starting to dry up but no real movement yet, maybe the area has been halted by lack of foreign students etc.

Would love to hear if anyone has noticed any areas defying the overall market boom.

 

I live rural, it's not booming.

 

Where abouts, if you don’t mind me asking.

My properties are all regional and have all had a great last 3-6months.

 

Most rural areas in Victoria have been doing very well. Agricultural land has in fact had some huge growth on the back of commodities. Yes booming.

 

Everywhere is booming. I'm going out soon to open homes and auctions in areas where I hold in Sydney.

I'm hoping to see massive crowds today. Its not raining!!

 

Sydney CBD units

 

Every state seems to have slightly different lingo when it comes to townhouse/unit/apartment.

In Vic I’ve always thought of units as freestanding, maybe sharing a garage wall with another unit. Is that what you’re talking about or are you talking apartments?

 

Western Queensland.

 

Next thing you'll tell me is that a middy is a pot

Yep... apartments!

 

Don’t get me started @Morgs

 

I'm looking on the GC. Boom is an understatement. Previous mania peak I experienced was probably late 2013 in Sydney blue chip suburbs. That was more about crazy auctions with foreign buyers whose motivation was to park capital at any cost. This GC thing is different, it's people inspecting and making same day offer 20% over recent sales and being accepted. So stock dissapears so quickly.

 

I can’t see northern corridor of Gold Coast booming due to estates and new builds + a ton of land. Coomera / Pimpama etc but I may be wrong?

 

And apparently, whilst there are Syd+Melb types, it's mostly locals. Hypothesis: annual o/s vacation + 2 jetskis forgone = deposit saved for house.

 

no I'm only looking southern GC. Surfers down.

 

please share some photos thanks!

 

Now we are back to booming..... but what’s not booming?

In Perth its apartments, oversupply....everything else is flying out the door

 

Where is the boom? By Sackie.

There's no boom for sidelinee jocks,
Who've been warned to buy but head all rocks,

They miss the market, again and again
Hoping prices to crash, god knows when,

10, 20, 30% it goes, where will it stop
No body knows,


The boom is here, the boom is there
But those on the side, there's only despair

Come one, come all, let's cheer every cent
Except of course, if your name is Dent!

 

I know someone who is really angry right now about being priced out. I asked them;
assuming the market was going to experience a huge crash last year (cause let’s face it, without all this positive gov action that was a high possibility) did you have all your ducks lined up? Were you ready to pounce?

Answer: no.

If the potential biggest crash in modern times didn’t motivate you to get ready, what will? I just don’t get it.

 

Northern gold coast is generally a pretty crap area with no beaches, lots of meth and a lower socio economic status with lots of riff raff living in the area. This area will never see the same growth as the area of GC from Surfers to Coolangatta