WA is the house price picking up now?

Discussion in 'Where to Buy' started by MVproperty, 12th Sep, 2019.

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  1. MVproperty

    MVproperty Member

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    wa
    the anual growth rate is still negative based on core logic data.
    unemployment rate is still high, bad news about small businesses everywhere.
    But after attend some of the home opens and found the market now is quite hot. lots of visits and some people discuss the potential interest with agent.
    Good properties are harder to find in the market based on recent 1-2 months research.
    Is this really a good sign or market will still drop?
     
    MVproperty, 12th Sep, 2019
    #1
  2. JohnPropChat

    JohnPropChat Well-Known Member

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    Markets within markets and all that. Outer burbs still in the doldrums. Good quality stock inner ring are hot cakes.
     
    JohnPropChat, 12th Sep, 2019
    #2
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Hot market is relative, but syd and melb markets have certainly got some very significant market sentiment shifts, which has little to do with finance availability in my view

    ta
    rolf
     
    Rolf Latham, 12th Sep, 2019
    #3
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  4. DreamzUnlimited

    DreamzUnlimited Well-Known Member

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    I reckon so at least in Melbourne. Areas with good transport, shops, and schools have picked up really well in last couple of months. Is it temporary? Am not sure as am not an experienced investor. But definitely there is a shift, and towards positive territory in terms of property price.
     
    DreamzUnlimited, 15th Sep, 2019
    #4
  5. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It depends on where you are looking. I'm seeing good traction and turn out in the sub 7km fro the CBD if things are priced well.
     
    Westminster, 15th Sep, 2019
    #5
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  6. Ross Forrester

    Ross Forrester Well-Known Member

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    There has been a lot of talk about the market picking up. I think we need something more than talk.

    Transactions are occurring western suburbs and inner ring. Not sure if that means speculators are making a profit however.
     
    Ross Forrester, 15th Sep, 2019
    #6