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thank you for this research, very insightful

Agreed Perth is declining yes, due to sentiment and reality of falling iron ore and oil prices. Put another way, if there was a resources break out, which would win? The economics of a resources boom, or the force of the property clock?

the numbers I think use to be representative preGFC, ever since they have been nonsense. In the midst of the GFC there was never any official data to show the massive price drops, due to distortions that resulted from government meddling. The price drops were very real. Thornlie has grown...

greater Mandurah, Yanchep etc, western suburbs, midland (? haven't checked that lately). basically product other than the belt from sort of spearwood to bullcreeek to Belmont and around to Nollamara... let's call it The Eastern Middle Belt

ignore interest rates? that would make a mockery of the clock. Belmont development sites are not representative of the broader Perth market. Most Perth prices are still at GFC lows, despite stock plunging well down to an extreme Seller's market since then and in the face of a huge mining...

the article is quite old now and is mostly from our great bearish REIWA leader (that's so odd??). I like the closing comment: But Mr Wood said low interest rates would help to stop property prices from plunging. "It's not all doom and gloom," he said. ha! good luck with that, IRs won't...

Years ago 14,000 was considered balanced, now days it's probably more like 18,000, so on any scale we are at best balanced. Let's bear in mind the relevance of this number... when listings plummeted to around 8,000 nothing happened to prices. You would have expected a massive price break out.

I think the point is, there is no clock. Why? Because if it shows IRs as a key point of time, yet different cities under the same IR regime are in completely different cycles, then clearly the clock is well and truly broken Where on the clock does it show "largest export commodity pounded to...

well we haven't even got to a balanced market yet, let alone on oversupplied one, so on that basis it must be before 2. 12 never happened other than some select properties, 1 is debatable. 9 is still happening. so if we wind the clock back from 2 it could be 9? this would make sense because...

wouldn't that be 6? but we are already at 9?

we know the clock is a load of rubbish because interest rates are set nationally, this is akin to talking about star signs. I am Libra.

or is Perth 6pm and 9pm???

ooh yeh! about to start smashing it out....