i should of took it home and scanned it
Anyone else looking in Perth at the moment?
- Thread starter gooram
- Start date
Its from June 08 - June 09.
What do you mean by that? Do you think values are going up now cos the market is tightening. What does tightening mean exactly? What do you think is happening in Perth now? lol lots of questions
I see a trend developing - could be wrong.
Mel and Sydney have been going off apparanlty... Melbourne because its growing and foreign money and Sydney I think because supply as been gagged. The growth economies of Qld and Perth suffered when everyone thought the world had ended. In Perth the supply ballooned to 18000.
We are now going into spring with 12000 and falling, with supply severely hampered, the economy picking up, fat chance of the RBA taking IRs up too high and on the verge of our biggest resources boom this country has ever seen along with strong population growth - I am struggling to see how prices can be restrained.
the only concern here is a repeat of 2006ish, when the 2 tiered economy forced the RBA to raise rates for the growth states but it hampered the south east. Once it gets underway (and I am not talking about next month) this will be more of a challenge for the RBA than last time and it could really hurt the old economy cities
Mel and Sydney have been going off apparanlty... Melbourne because its growing and foreign money and Sydney I think because supply as been gagged. The growth economies of Qld and Perth suffered when everyone thought the world had ended. In Perth the supply ballooned to 18000.
We are now going into spring with 12000 and falling, with supply severely hampered, the economy picking up, fat chance of the RBA taking IRs up too high and on the verge of our biggest resources boom this country has ever seen along with strong population growth - I am struggling to see how prices can be restrained.
the only concern here is a repeat of 2006ish, when the 2 tiered economy forced the RBA to raise rates for the growth states but it hampered the south east. Once it gets underway (and I am not talking about next month) this will be more of a challenge for the RBA than last time and it could really hurt the old economy cities
perth? mate the sense of urgency out there is insane.
i was just informed that one of my 23 unit sites in Tapping sold out in - wait for it - 10 days - last one cleared Monday.
another 9 in armadale gone in 14 days - again last one cleared Monday.
i'm currently drawing 16x, 24x, 22x, 22x, 15x, and 17x - for one client.
another large client coming on board next week.
i'm trying my damndest to get into Karratha at present - those boys up there know how to drag their feet - there's no more land coming up now at all.
titles for something i buy today will be ready January. Construction finished August 2010. how's that for a backlog?
i was just informed that one of my 23 unit sites in Tapping sold out in - wait for it - 10 days - last one cleared Monday.
another 9 in armadale gone in 14 days - again last one cleared Monday.
i'm currently drawing 16x, 24x, 22x, 22x, 15x, and 17x - for one client.
another large client coming on board next week.
i'm trying my damndest to get into Karratha at present - those boys up there know how to drag their feet - there's no more land coming up now at all.
titles for something i buy today will be ready January. Construction finished August 2010. how's that for a backlog?
i'm glad i put the struggle in to buy west of marmion ave.
i see a 2001-2005 explosion in prices coming up - and i aint selling ANYTHING this time around.
i see a 2001-2005 explosion in prices coming up - and i aint selling ANYTHING this time around.
It was interesting to see the number of listings reduced overall, they were climbing to new highs for a while there, but then again the population has been ever increasing as well
Things have changed so fast. Just 6 months ago people here on ss wouldn't even have considered investing in Perth!
The impression I am getting from visiting SS is that some Perth SS will be buying soon in Perth however eastern states SS are not interested in buying in Perth atm. Probably cos of the rental yield. I dunno. Maybe they cant see the positives.
WA and Melb are my focus for growth - with some CF+ stuff from (cross fingers) Karratha and NSW to fund it.
What are you wanting from the property? Do you think it will deliver it to you?
http://www.news.com.au/perthnow/story/0,21598,26077963-5013244,00.html
The above lists Terry Ryders 'hotspots' for WA.
VERY pleased to see Rockingham on the list! I can only hope.
Would be interested in your opinions.
Summary of 'hotspots' as listed in the article....
"Albany
Key drivers: lifestyle features, government decisions, urban renewal
Typical prices: $280,000 - $445,000
Broome
Key drivers: lifestyle features, boom town, government decisions
Typical prices: $460,000 - $650,000
Bunbury
Key drivers: transport infrastructure, boom towns, lifestyle features
Typical prices: $255,000 - $580,000
Collie
Key drivers: boom town, government decisions
Typical prices: $260,000
Geraldton
Key drivers: boom town, government decisions, transport infrastructure
Typical prices: $335,000 - $420,000
Joondalup
Key drivers: government decisions, lifestyle features, transport infrastructure
Typical prices: $380,000 - $585,000
Karratha
Key drivers: boom town, government decisions, lifestyle features
Typical prices: $625,000 - $835,000
Merredin
Key drivers: boom town, government decisions
Typical prices: $150,000
Port Hedland
Key drivers: boom town, government decisions
Typical prices: $365,000 - $770,000
Rockingham
Key drivers: ugly duckling, government decisions, transport infrastructure, lifestyle features
Typical prices: $295,000 - $420,000
Note: List from hotspotting.com.au. All locations are listed alphabetically - order does not indicate greater weighting or importance."
The above lists Terry Ryders 'hotspots' for WA.
VERY pleased to see Rockingham on the list! I can only hope.
Would be interested in your opinions.
Summary of 'hotspots' as listed in the article....
"Albany
Key drivers: lifestyle features, government decisions, urban renewal
Typical prices: $280,000 - $445,000
Broome
Key drivers: lifestyle features, boom town, government decisions
Typical prices: $460,000 - $650,000
Bunbury
Key drivers: transport infrastructure, boom towns, lifestyle features
Typical prices: $255,000 - $580,000
Collie
Key drivers: boom town, government decisions
Typical prices: $260,000
Geraldton
Key drivers: boom town, government decisions, transport infrastructure
Typical prices: $335,000 - $420,000
Joondalup
Key drivers: government decisions, lifestyle features, transport infrastructure
Typical prices: $380,000 - $585,000
Karratha
Key drivers: boom town, government decisions, lifestyle features
Typical prices: $625,000 - $835,000
Merredin
Key drivers: boom town, government decisions
Typical prices: $150,000
Port Hedland
Key drivers: boom town, government decisions
Typical prices: $365,000 - $770,000
Rockingham
Key drivers: ugly duckling, government decisions, transport infrastructure, lifestyle features
Typical prices: $295,000 - $420,000
Note: List from hotspotting.com.au. All locations are listed alphabetically - order does not indicate greater weighting or importance."
New 3 x 2 villa in Balga bro (best catch up on the local slang eh ?
Port Hedland
Key drivers: boom town, government decisions
Typical prices: $365,000 - $770,000
Where did he get these figures from??? You couldn't buy the garage on a PH house for $365,000!
I've just brought a house in Port for work, which I move into a fortnight ago. For our $1.1m budget we couldn't find anything livable (looked for 6 months). Ended up spending $1.3m on a standard, new colorbond house.
The cheapest freestanding house on realetate.com.au in Heddo at the moment is $765,000.
The Karratha prices are not as far out, but still look too cheap. One problem with the cheaper stuff is that no one (big companies, govt) really wants to rent it.
The list does seem to focus on regional WA.
Look, I agree the Pilbara is a 'hotspot', but isn't that already priced in? C'mon at $1.3mil for a tin shed, where's the upside??
Key drivers: boom town, government decisions
Typical prices: $365,000 - $770,000
Where did he get these figures from??? You couldn't buy the garage on a PH house for $365,000!
I've just brought a house in Port for work, which I move into a fortnight ago. For our $1.1m budget we couldn't find anything livable (looked for 6 months). Ended up spending $1.3m on a standard, new colorbond house.
The cheapest freestanding house on realetate.com.au in Heddo at the moment is $765,000.
The Karratha prices are not as far out, but still look too cheap. One problem with the cheaper stuff is that no one (big companies, govt) really wants to rent it.
The list does seem to focus on regional WA.
Look, I agree the Pilbara is a 'hotspot', but isn't that already priced in? C'mon at $1.3mil for a tin shed, where's the upside??
it may sound like a lot but that tin shed isn't really a tin shed... it's a very expensive cyclonic home with all the creature comforts... the cost of construction is staggering.
I went to a home open along with about 6 other interested parties today for a resi property. It came on the market yesterday. There's already been one offer made, and vendor will consider offers after home open on Sunday. **** - if it's this busy on Friday, Sundays home open will be interesting.
