WA Perth housing and unit prices slump

Discussion in 'Where to Buy' started by cashnow, 1st Aug, 2015.

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  1. Biz

    Biz Well-Known Member

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    Would now be a bad time to secede? :p
     
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  2. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Not quite blood in the streets yet... but it will be.
     
  3. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Using your logic, we can conclude from the graph below, that math doctorates in the US is a leading indicator for suicides. Spurious-Correlations-09-685x433.jpg
     
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  4. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Australia's recorded house price history.

    I wonder what percentage decrease Perth is headed for, not forgetting of course, that their are markets within markets, or so I'm told.


    [​IMG]
     
  5. thatbum

    thatbum Well-Known Member

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    I am confused about what you're trying to show with this table...?
     
  6. meme plecko

    meme plecko Well-Known Member

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    ok, I don't get any of this stuff that you guys are arguing about but let me tell you, when I was doing my PhD (it was not in maths though), I sometimes thought that there is no light at the end of that particular tunnel...

    So, yes, I think that this graph is very conclusive... ;)
     
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  7. Perthguy

    Perthguy Well-Known Member

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    I would not be surprised at drops of up to 15% in some areas. I'd like to see your argument for there not being markets within markets. The property market in Cloverdale, for example, has exploded since 2011. It peaked late last year and has declined since then. I know, because 2011 is when I bought in Cloverdale. Here is the graph from re.com.au

    Cloverdale.JPG

    Random comparison, but contrast that to Cottesloe (for example)

    Cottesloe.JPG
     
  8. Aaron Sice

    Aaron Sice Well-Known Member

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    clearly you missed 2010 and 2013.

    reality is you're welcome to your opinion no matter how incorrect it is.
     
  9. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Let me guess, you didn't miss and every horse you back is a winner?
    Ditto
     
  10. Perthguy

    Perthguy Well-Known Member

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    Yes, but like we keep saying, it depends what area. Some areas have boomed since 2010. Others have had flat or negative growth.
     
  11. Blacky

    Blacky Well-Known Member

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    Sorry
    I couldn't find a more recent one with the two overlaid.
    Here are two seprate ones with more recent data . Ill let you draw your own conclusions.

    Looking forward to seeing some actual data as to why Karratha is a good barometer for Perth.

    Blacky
     

    Attached Files:

  12. Blacky

    Blacky Well-Known Member

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    I fixed it for you.
    Agreed.
     
  13. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Unfortunately for you, not.

    Do you know the name of the organisation that independently verifies Reiwa statistics?
     
  14. Perthguy

    Perthguy Well-Known Member

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    Landgate. :cool:
     
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  15. Aaron Sice

    Aaron Sice Well-Known Member

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    and the sky is blue, too.

    thing we know, as in all markets.
     
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  16. Perthguy

    Perthguy Well-Known Member

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    Sometimes you have to point out the blatantly obvious to people like Rumplestiltskin, who appears to have no knowlege of the Perth market or various markets within the Perth market to be more correct.
     
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  17. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Sure about that?

    Sometimes you have to rein people in who like to go around cherry picking suburbs using outlandish descriptions like " boomed" which are clearly incorrect.

    Are they any markets within markets in Perth where property values have doubled in the past 7, or even 10 years?????????????
     
  18. Perthguy

    Perthguy Well-Known Member

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    :p

    Where is the definition where "boom" is defined as "property values have doubled"? Also, I will pull you up on your comment because I was using it as an example of "markets within markets". The Perth property market has not boomed. Some markets within the Perth property market have boomed. One example of this is development sites in the City of Belmont.

    I would love to see your argument that development sites in the City of Belmont have not boomed since 2010. :)
     
  19. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Define " Boomed" and while you are at it, answer the other question.
     
  20. Perthguy

    Perthguy Well-Known Member

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    1. boomed - sharp increase in property prices over a number years
    2. markets within the Perth market that have doubled in the past 7 to 10 years - none that I follow, so I have no idea if any have.
     

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