This forum will go quiet in 3, 2, 1...

Over the past two years we've had a lot of new members on this forum that were looking to get into the market, but given the interest rate increase and the outlook, I'm expecting this to largely stop. So I think we're in for a couple of quiet years.

I always like to see @Simon Hampel's statistics on this. What would be even better (if you're taking requests) is member activity versus median house prices.

Anyway, whether it's quiet or busy, I'll be here, enjoying this fantastic forum and making posts of questionable value (such as this one).

 

Not for Perth Outlook is good here.

When states start to plateau or correct the tone may change to more talk about (i) reviewing loans to get a better deal (ii) what value adds can I do to increase yield and hopefully not a lot of (iii) when is it time to get rid of this millstone around my neck.

I'm expecting more of "what other markets should I be looking at to diversify from the NSW etc market" which has been happening for awhile though due to people being priced out of their own state market for IPs.

 

I actually pretty much left the forum over the last couple years - too busy at work

 

We are going to see double digit figures for Perth in 2022. We had this in 2021, many should have jumped in. Not too late yet

 

I'm still contributing.

 

From the broker perspective, I expect the next 6-12 months being very busy. Interest rate rises always generate concern in consumers. The phone has already been ringing with people wondering what to do.

We haven't had a rate rise for over 11 years. About one third of borrowers have never experienced increasing rates. I think we're in for some pain, but in the long run this is a good thing. Most people will adapt.

 

Not when you get a message that says - this isn't adding value to the topic.

 

Don't forget the permabears will come out of the woodworks! You can already see some of them back and contributing again

 

Every post adds to the search indexes. Drives more traffic, sells more advertising, Simon makes money.

*** Probably only a fraction of a cent, but it adds up ***

And when it all becomes too much, we know who to go to for chemical therapies.

 

Talk will shift to "just how far will XXX fall", and there will be no endless "XXX is booming" threads

"Adding value" will probably become the new flavour of the month(s), in order to extract as much income/rent out of tenants and claw back some of the interest rate hits, and rising costs.

There will be more posts about the falling economy in general and all sorts of finger pointing.

People will be busy shifting things around behind the scenes though in preparation for the next rise, just more quietly I imagine. You'll hear about it several months later though when they tell you it was "so obvious" whatever was to happen, actually happened.

 

No! there will be a Post a Bargain thread on all cities and regionals. Bargain hunters with ca$h will prevail. It was the case a few years ago for Perth... Are we ready??

 

Haha yeah - had been living vicariously through my clients property purchases..

But hadn't done much since did Modbury reno/flip just before covid.

Now selling 3 houses, buying new with full renovation - fun times!

 

It's a great time to buy! I've got liquidity and looking out for bargains now!

 

Maybe actually start to pay a few professional moderators to take some of the workload from you. Run it like a business and leverage the time/skills of others. I've noticed some of the bigger forums are now paying moderators. You're often logged into this site, it must take a lot of your time and create some stress