WA Perth bottoming out?

Discussion in 'Where to Buy' started by Paterson00, 7th Feb, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 6
  1. R377

    R377 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    356
    Location:
    Perth
    R377, 28th Apr, 2016
    #41
    Littlemiss likes this.
  2. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    2,293
    Location:
    Middle Earth
    Down-market just before up-market is different to down-market in general. Perth is neither, it is a falling-market.

    As a rule, I would rather loose out on some profit than buy too soon and hope that a boom is around the corner.
     
    JohnPropChat, 2nd May, 2016
    #42
  3. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,129
    Location:
    The beautiful Hills District, Sydney Australia
    euro73, 3rd May, 2016
    #43
    Propin likes this.
  4. Propin

    Propin Well-Known Member

    Joined:
    7th Mar, 2016
    Posts:
    3,675
    Location:
    Perth
    Propin, 3rd May, 2016
    #44
  5. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    I'm personally still sceptical about Perth bottoming out. Personally I'd like to see some serious recovery in the rental market first - which is what happened prior to the last boom.
     
    thatbum, 3rd May, 2016
    #45
    MTR and Observer like this.
  6. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I agree. I am going to home opens every weekend. I do not see that prices have stopped falling. They seem like they are still going down to me.
     
    Perthguy, 5th May, 2016
    #46
  7. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    me too.
     
    MTR, 5th May, 2016
    #47
  8. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
    Me three.
    I've been eyeing a few development sites, and there are a lot which aren't making sense.
    A lot of 'council approved' development sites hitting the market, where it's clear the development numbers aren't stacking up.

    Blacky
     
    Blacky, 5th May, 2016
    #48
    Littlemiss, MTR and Perthguy like this.
  9. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Same with some conditionally approved subdivisions or survey strata sites. It's great they have conditional approval. It's not great that the numbers don't stack up.
     
    Perthguy, 5th May, 2016
    #49
    Aaron Sice likes this.
  10. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Distressed developers offloading, it will come back to how low can they go.

    The other risk that is not mentioned is that we are doing the feaso on today's end values, the problem is in a declining market these figures may be too high on completion, especially if you need to sell


    MTR:)
     
    MTR, 7th May, 2016
    #50
    Observer and Blacky like this.
  11. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    The election.....may put the floor in WA.....me thinks.....if the Libs win...
     
    sash, 7th May, 2016
    #51
    Shahin and Aaron Sice like this.
  12. Blacky

    Blacky Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    2,066
    Location:
    Bali
    Indeed - need to be very conservative with end values right now.
    The ones I have I have seen on market dont seem to be distressed sellers (yet). I think they have come to the realisation the numbers arent stacking up, so trying to take what profit they can now using the approvals to add the value.

    Blacky
     
    Blacky, 7th May, 2016
    #52
    MTR likes this.
  13. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,695
    Location:
    WA
    Hi guys, I'm also looking to buy in perth, but most likely not before mid 2017. I've set myself a goal to wait until then, review the market in mid 2017 and then make the decision whether to jump in or not.

    However being a beginner and considering that i never bought before, could you point out some areas in perth that are worth keeping an eye on? My budget will be 550k so if you have any high growth areas in mind please share them with me.
     
    Realist35, 19th May, 2016
    #53
  14. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    4,144
    Location:
    Inside your device
    Yay; I've got an IP in Kal, and it could do with a new boom to lift the rents back up again...it's been pretty flat since the end of the last mining boom.
     
    Bayview, 20th May, 2016
    #54
  15. Paterson00

    Paterson00 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    218
    Location:
    Perth WA
    Why Perth would be my first question? And my second would be is that budget going to be for one property or two?

    I don't know of any high growth area in Perth at the moment although Forrestfield seems to be the hot topic of the area but also, it has been for some time. It's because of the airport link. You may have missed that boat. I read that property has two jumps in price when rail lines go in. .. once when they are announced and another when they are completed so maybe that's a chance for you.
     
    Paterson00, 20th May, 2016
    #55
  16. Paterson00

    Paterson00 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    218
    Location:
    Perth WA
    What are people's thoughts on the lithium hype at the moment? Do you think a boom is coming from that?
     
    Paterson00, 20th May, 2016
    #56
  17. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,588
    Location:
    Ocean Reef, WA
    Yay. Lithium. Its a pocket industry. Global Advanced Minerals have some of the purest belts of the stuff and refuse to mine it ... "we mine tantalum" .... same mob that put a $35m hole in the ground and let Atlas drive away their high grade ore (tails for tantalum).

    If that's the calibre of mines in WA, then no wonder it all went belly up.
     
    Aaron Sice, 23rd May, 2016
    #57
  18. wogitalia

    wogitalia Well-Known Member

    Joined:
    28th Oct, 2015
    Posts:
    872
    Location:
    Perth
    Yes and no. Yes it should provide some employment but it wont scrape the iron ore boom for a couple of reasons. 1 is that even peak demand of Lithium if everything played out right wouldn't scratch the surface of iron ore and secondly that the infrastructure is largely in place for the mines already from the iron ore and in a lot of cases existing tin/tantalum/etc mines in the area.

    We do have some world class resources in WA but a lot of them are going to be uneconomical with current technologies (we also have a few companies pioneering new methods to address this), basically we don't know how to mine most of our most lithium rich resources. Lithium becomes the real deal when BHP or Rio start to really target it.
     
    wogitalia, 24th May, 2016
    #58
  19. property world

    property world Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
    292
    Location:
    WA
    Surely any positive mindset into Perth is good right now.

    If people were looking to buy FHOB - land than where would people be looking to buy?
     
    property world, 13th Jun, 2016
    #59
  20. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Sales transaction down 40%
    rental vacancy at 6%

    I just don't see the above making Perth an attractive proposition at the moment, the chances are we are still going to see hard times due to job losses, immigration down and the mining boom is over and we have not come close to finding a solution to replace this
     
    MTR, 13th Jun, 2016
    #60
Page 3 of 6
Client Directed Portfolio Super your way

We provide our clients with the opportunity to select their own investments from a wide range of ASX listed securities. We provide the research to ensure your selections will achieve the goals. This is the value of advice.