WA Perth market 2018

Discussion in 'Where to Buy' started by Prash, 9th Jan, 2018.

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  1. Martinez22

    Martinez22 Well-Known Member

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    Does anyone one have a credible article on the current / future state of the Perth property market (preferably from an industry expert) that I can refer to? Would like to use the article as a reference
     
  2. thatbum

    thatbum Well-Known Member

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    Personally, I find the views of the experienced Perth members in this thread to be considerably more reliable than any of the random articles out there.
     
  3. Shogun

    Shogun Well-Known Member

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    At the moment in any given week. Articles are published saying Perth property in going up, down or staying the same.
     
  4. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I wouldn't have expected you would/could claim the GST quarterly during construction if you didn't intend to sell. I'm sure the ATO would find a way to get that money back from you but I'm not an accountant.
    @Ross Forrester ?
     
  5. Ross Forrester

    Ross Forrester Well-Known Member

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    If you are building a property to rent you cannot claim GST for the build costs.

    If you are building a property to sell you can claim gst for the build costs.
     
  6. Rooky

    Rooky Well-Known Member

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    What if you have claimed GST during construction and when construction completes, market is down and you cant sell it and have to rent it out ?
     
  7. thydzik

    thydzik Well-Known Member

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    depends if your intentions change.

    if still planning to sell, need to pay a portion of the GST credit back, calculated as looking at the rental over the asset value for a number of years.
     
  8. Ross Forrester

    Ross Forrester Well-Known Member

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    Change of intention? Repay.
     
  9. DAZ79

    DAZ79 Well-Known Member

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    You have to remember that lots if not most of the articles are written by people with a vested interest in talking up the market.


    For my money, the only thing you need to look at is the Corelogic index.

    Hedonic indexes are not perfect but it’s doing a pretty good job of tracking market movements.

    REIWA medians are worthless and it’s amazing how many times people point reference them without understanding how they work.
     
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  10. JohnPropChat

    JohnPropChat Well-Known Member

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    Is this for investing or some kinda of report? If the latter then just search for what you are wanting to hear and you'll find several articles from industry experts matching that criteria.

    If it is for investing then nothing beats being on the ground.
     
  11. Rex

    Rex Well-Known Member

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    Woo, Corelogic reports a 3.9% annual increase in the median rent for Perth. Good ammunition to push for a modest increase on next renewal. Of course the rest of the video is not so upbeat.
     
  12. Skinman

    Skinman Well-Known Member

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    Nice one I just got a $10pw increase....after 7 weeks of vacancy :eek:...in all honesty the vacancy was partially my fault ( the tenant was a nightmare and I decided to bite the bullet to get rid) and the agent is useless which seems quite common over here. I’ve just changed PM and have high hopes with the new one.
     
  13. MTR

    MTR Well-Known Member

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    Shenton Park fastest selling suburb in Perth, period cottages, quiet streets, avg 17 days

    Seems inner city suburbs, period homes in good locations in demand, perhaps time to buy up I expect growth
     
  14. boeman

    boeman Well-Known Member

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    Shenton Park and Mount Hawthorn are always right up there as the fastest selling, its crazy.

    Would love to lowball and renovate this.

    18 Salisbury Street, Subiaco, WA 6008
     
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  15. Pigey

    Pigey Well-Known Member

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    Not sure about Shenton Park, I've definitely seen some good value properties go fast there but Mount Hawthorn has seen some pretty steep discounting as of late. Though there's been chatter amongst local agents that Annie and Tina from Acton, 'buy' the listings, and then steeply discount them not long after listing. Maybe that's their strategy.
    17 Kalgoorlie Street, Mount Hawthorn, WA 6016
    $1.295m to $1.15m within a month.

    37 The Boulevarde, Mount Hawthorn, WA 6016
    This went to auction and ended at $850k, REA listed it for $875k immediately after, and has now dropped it to $869k. Bet they wish they took the $850k now, would have worked out to be similar after a few months of interest...
     
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  16. hematite

    hematite Well-Known Member

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    This house on the river in Bassendean finally sold for $4.1m. Almost an acre on the river with a massive house. You could buy a villa for $300k within walking distance in the same suburb. Bassendean is an interesting market.
     
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  17. property world

    property world Well-Known Member

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    If one wanted to know where state housing was situated in a suburb how would one get this information? Is their accessible info like this?

    Or do i just have to look at the front yard and peak over the back fence?
     
  18. Rex

    Rex Well-Known Member

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    The Landgate Map Viewer might give some hints? Landgate Map Viewer Plus
    The Land Tenure layer distinguishes between crown land and private freehold (and other categories). I'm guessing state housing lots might show up as crown allotment or similar.
     
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  19. property world

    property world Well-Known Member

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    Your guessing or you know? Anyone able to confirm this or not would be appreciated

    Thanks ill have a look though
     
  20. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I use my rpdata subscription (paid) to determine information like that.
     
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