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Perth/Darwin - Catching the falling knife...

Discussion in 'General Property Chat' started by hammer, 8th Dec, 2015.

  1. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    411
    Location:
    Darwin
    How do you know when to strike in a falling market? Are there any indicators that I should be looking out for? A Taxi test?
     
  2. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    894
    Location:
    Perth, WA
    Sentiment would lag too much probably.

    Best ones are probably number of listings and watching days on the market - both average and if you have the time, watching for the time for 'good deals' to sell.
     
    MTR likes this.
  3. Big Daddy

    Big Daddy Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    473
    Location:
    Perth
    Market Trends:
    Look at sales activity numbers over the past 8 consecutive quarters. Sales activity going down = buyers market (prices heading down)
    Prices: going down = buyers market (prices heading down)
    Rents: going down = buyers market (prices heading down)
    Vacancies: going up = buyers market (prices heading down)

    Macro:
    Economy
    Jobs
    Consumer confidence
    Interest Rates
    Access to credit etc etc
    Migration