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WA PerthNow reports conflicting opinions

Discussion in 'Where to Buy' started by DanW, 11th Oct, 2015.

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  1. DanW

    DanW Well-Known Member

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  2. thatbum

    thatbum Well-Known Member

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    I think most of the Perth regulars have a fairly good idea of what's going on in the areas they move around in.

    I think your confusion might come from relying on news articles! ;)

    Have you had a look through the main Perth thread?
     
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  3. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    The Reiwa Deputy who is in denial is also the director of a real estate agency.
    Not the most unbiased of opinions
    The other fella examples are very flaky. Buyers Agent, no more objective.
    He's using Coogee and Mandurah as examples, that really is clutching at straws. :rolleyes:

    Neither mentioning the Western Suburbs, Vacancy rate or drastic drop in rental return? :eek:
     
  4. DanW

    DanW Well-Known Member

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    Yep :)
    Still good to stir things a bit and see what comes out
     
  5. MTR

    MTR Well-Known Member Premium Member

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    The best way to find out how markets are doing is just find out how much stock is on the market and how long properties in a particular area are taking to sell.
    Stock in Perth has increased significantly, dead give away the market is sick at the moment, it a buyers market
     
    Last edited: 11th Oct, 2015
  6. Perthguy

    Perthguy Well-Known Member

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    You could argue that Sydney is overvalued, followed by Melbourne then Perth.

    The order isn't really important though. I would argue that Perth is overvalued, prices are dropping and are likely to continue dropping for 12 to 18 months.
     
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  7. JohnPropChat

    JohnPropChat Well-Known Member

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    Perth is pretty depressing at the moment. One thing I find interesting is some vendors are in a panic to exit the market. Which could mean better vendor discounts than in a flat market. Don't know if Q3 numbers are out but I think it is already 5% down from the peak. Real crunch will come next year.
     
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