WA Perth housing and unit prices slump

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

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  1. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Incorrect

    A land boom is the rapid increase in valuations of real property such as housing until they reach unsustainable levels and decline in a bubble.

    Rapid is defined as moving or acting with great speed, happening speedily or swift.

    ...and you didn't answer the other question, the one you wern't sure about but posted as fact anyway. :cool:
     
    Rumplestiltskin, 4th Aug, 2015
    #61
  2. Perthguy

    Perthguy Well-Known Member

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    I don't agree. A boom/bust cycle is normal in real estate. A bubble is very unusual.

    I've lost track of what question I refuse to answer :p Remind me, and I'm happy to answer it :)
     
    Perthguy, 4th Aug, 2015
    #62
  3. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Yeah sure you did?

    Again for posterity.

    The independent auditor for Reiwa?
     
    Rumplestiltskin, 4th Aug, 2015
    #63
  4. Perthguy

    Perthguy Well-Known Member

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    Landgate :p
     
    Perthguy, 4th Aug, 2015
    #64
  5. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    I think you'll find they don't have one.

    :p
     
    Rumplestiltskin, 4th Aug, 2015
    #65
  6. Perthguy

    Perthguy Well-Known Member

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    Perthguy, 4th Aug, 2015
    #66
  7. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    So I ask again and I will make it simple " Which organisation or individual independently verifies or audits Reiwa data?"
     
    Rumplestiltskin, 4th Aug, 2015
    #67
  8. Perthguy

    Perthguy Well-Known Member

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    I don't know. Why does it matter? Is the data we are discussing from Reiwa or Landgate? How to you know?

    Are Landgate publishing their own data or are the republishing Reiwa data without checking it?

    Why does it matter? What is this argument even about? ;)
     
    Perthguy, 4th Aug, 2015
    #68
  9. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    Well if you don't know, then why make the statement that they do when they clearly don't.
    Or is that your Modus Operandi?

    Making up your own facts to suit the desired outcome AKA delusional. :rolleyes:
     
    Rumplestiltskin, 4th Aug, 2015
    #69
  10. Perthguy

    Perthguy Well-Known Member

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    Yes, I am clearly delusional. :p :)
     
    Perthguy, 4th Aug, 2015
    #70
  11. WesternRat

    WesternRat Active Member

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    wtf happened to this thread...
     
    WesternRat, 5th Aug, 2015
    #71
  12. Aaron Sice

    Aaron Sice Well-Known Member

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    opinion and bias got in the way of fact and reasoned debate.
     
    Aaron Sice, 5th Aug, 2015
    #72
    charttv and mrdobalina like this.
  13. Perthguy

    Perthguy Well-Known Member

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    No one knows.

    Anyway, it was interesting looking at the Landgate data yesterday. It shows a real slump in the Perth market overall. In terms of median house prices:
    Jan - $560,000
    Feb - $560,000
    Mar - $565,000
    Apr - $545,000
    May - $545,000
    http://www0.landgate.wa.gov.au/docvault.nsf/web/PS_FPS/$file/WAMetro.pdf

    And this is just the beginning. How low will prices go?
     
    Perthguy, 5th Aug, 2015
    #73
  14. 2FAST4U

    2FAST4U Well-Known Member

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    Depends on how much unemployment increases imo
     
    2FAST4U, 5th Aug, 2015
    #74
  15. Aaron Sice

    Aaron Sice Well-Known Member

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    personally - i simply cannot believe this "discussion" has descended into the depths of using Medians to determine a market's health.

    what next? wikipedia as a credible information source?
     
    Aaron Sice, 5th Aug, 2015
    #75
    Westminster and thatbum like this.
  16. Perthguy

    Perthguy Well-Known Member

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    descended? It started with the the use of Medians to determine the market's health! :) To jog your memory, here is the first post... :)
     
    Perthguy, 5th Aug, 2015
    #76
  17. Aaron Sice

    Aaron Sice Well-Known Member

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    touche.

    in that case - peace out y'all. no more comments from this corner.
     
    Aaron Sice, 5th Aug, 2015
    #77
  18. Perthguy

    Perthguy Well-Known Member

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    Can't blame you. It didn't really go anywhere. As you well know, the Perth median house price is not a very useful indicator of anything except the Perth median house price.

    That said, I might have found a use for it. I would like to see a graph of the Perth Median house price vs the Sydney median house price, month by month. I feel like the Perth market and Sydney market are out of sync. I know last time round when the Perth market was really hot, Sydney was very flat. Since then, Sydney has gone hot and Perth is in decline. I wonder if it is possible to cycle between these two cities and get a good rate of return? I'll certainly be looking out for some buying opportunities in Sydney before the next boom.
     
    Perthguy, 5th Aug, 2015
    #78
  19. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    I would be interested to see a graph detailing the last time Perth's Rental Vacancy rate crept into the current area.
     
    Rumplestiltskin, 5th Aug, 2015
    #79
  20. acorn123

    acorn123 Well-Known Member

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    Might take a few years .....
    By the way, Fortescue Metals Group is "dying".
    The lifeline is in hands of Chinese investors, I guess.
    Have to sell asset to oversea investors to get WA/Perth revived.


    ======================================
     
    acorn123, 5th Aug, 2015
    #80
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