WA Perth Market 2016

Discussion in 'Where to Buy' started by HD_ACE, 4th Jan, 2016.

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  1. muller23

    muller23 Well-Known Member

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    we will see
     
  2. Phase2

    Phase2 Well-Known Member

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    The construction workforce had a major impact on Gladstone's price upswing, and their departure had a major impact on the price drops. Perth hasn't housed the same % of construction workers, so when they leave/lose their income, the impact isn't as big.

    They are fundamentally different markets. Mining towns prices are typically driven by yield (just like commercial property), metro markets are not. You'll see the new outer suburbs around Perth suffer a lot more than older, established suburbs, and everywhere will take a hit, just not to the same degree as the regional towns.
     
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  3. muller23

    muller23 Well-Known Member

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    128 3 bedder for rent in Balga alone ,it will go down more ,is all supply demand here
     
  4. SkyHigh

    SkyHigh Active Member

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  5. thydzik

    thydzik Well-Known Member

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  6. muller23

    muller23 Well-Known Member

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    more houses ,no good for investors
     
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  7. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    It does mean more houses but it also means more construction jobs and we need jobs at the moment to lure people to join the State. FHOG buyers tend to live in their house and stay in them, not turn them into IPs BUT we will lose some renters who then use the grant to leave the rental market.
    I think it's a positive overall. The sub $450k market (mainly FHOG) has always been an integral part of the market.




    {Note from mods - thread continues here: WA - Perth Market 2017}
     
    Last edited by a moderator: 4th Aug, 2018
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