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  1. K

    Perth - madness.

    Dear Pete, 1. In the same REIWA.com.au report,Rob Druitt, as President REIWA, was reported as saying that there are now "more than 20,000 dwellings under construction". 2. With such a high level of housing constructions presently on-going, I can now agree with Kevin Young, that the Perth...
  2. K

    Perth - madness.

    Dear Peter, 1. I believe that REIWA.com report that the Perth median land price has risen to $265,000 is more accurate and reliable than what is being reported in local Western Australian newspapers, although the latter has claimed its data was based on DOLA sale data. 2. Unless I have seen...
  3. K

    Perth - madness.

    ************************** Dear Pete, 1. I was also watching out for the land sale figures when reading the median land price increase report myself, so as to see which way the Perth property market is indeed heading again at the end of the Sep 2006 quarter. 2. Secondly, I seem to read/see...
  4. K

    Perth - madness.

    ***************************** Dear Peter, 1. I do not recall reading any land sale figures given in the same report. What are your land sale figures that you have or are referring to? 2. Surprisingly, the same article also went on to report that present land shortage crisis In WA/Perth has...
  5. K

    Perth - madness.

    Dear BullDog, 1. Mark8888, an Australian expatriate working in Singapore, has posted to say that he has recently sold out his Rivervale house in 2006 as the house price has peaked and there is some 70% rental properties there. 2. For your kind update, please. 3. Thank you. regards, Kenneth KOH
  6. K

    Perth - madness.

    **************************************** Dear Cumown, 1. According to your well-informed friend, a. how long is the present resource Supercycle boom supposed to last? b. when and where had the last few resource boom supercycles occured? c. Based on past historical trend...
  7. K

    Perth - madness.

    ****************************** Dear Sparky23, 1. While I heard what you are saying, we need to be careful to differentiate if the new land price achieved is actually a completed "done deal" sale transaction or just a professional opinions. 2. I am presently in the process of uptending my...
  8. K

    Perth - madness.

    ++++++++++++++++++++++++++++++++++++++++++ Dear Gooram, 1. If the housing demand for the Perth property market has always been below 13,000 units per year saved for the recent increased immigration rate (19,000 people according to Redwing) and new housing apporval at 45%-50% increase at...
  9. K

    Perth - madness.

    Dear All, 1. I will like to further suggest that despite the recent change in the market sentiments, we will continue to see the Perth median house price increasing further in the near future. 2. This is because the higher end of the Perth property market will continue to grow even...
  10. K

    Perth - madness.

    &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Dear Peter, 1. It depends on how strong you personally want to believe in the Property Cycle Theory. 2. Proponents of the Property Cycle Theory believes that the Perth Property Boom is no different from the last Sydney Property Boom. This is...
  11. K

    Perth - madness.

    **********************8 Dear Peter, 1. I speak/share from my own actual real-life investing experiences. 2. The rental for my ex-house at Lot 1664, 15 FitzGibbon Road Rockingham WA 6168 in the Anchorage Estate has just been increased to $295 per week in September 2006 period. 3. It...
  12. K

    Perth - madness.

    ***************************** Dear Alex, 1. You have highlighted an interesting phenomenon regarding "market peaking" which I will like to share my personal views and to hear the other members' feedback and comments on them, so as to mutually learn from one another and to further enhance...
  13. K

    Perth - madness.

    ************************* Dear Bulldog, 1.Yes, we did. 2. We have sold off 4 of our houses in July and Sep 2006 period. We are happy with the sale prices achieved as they are all above our asking price and the prevailing market valuation values then. 3. We are also looking forward to...
  14. K

    Perth - madness.

    ********************************** Dear Pete, 1. On the optimistic side and best case basis, I see the Perth property market as merely taking a breather, at this point in time, for 1-2 years period before resuming its high growth rate in the medium-long term basis, if indeed the underlying...
  15. K

    Perth - madness.

    **************************** 1. I agree with KS. 2. Provided the Landlords collectively have the courage to insist on a rent increase for the growing house prices, the rental growth will not be as good as compared to leaving them passively to the local property management firms to set the...
  16. K

    Perth - madness.

    +++++++++++++++++++++ Dear Pete, 1. The housing needs for the new migrant workers working in the mines are not as "in-elastic" as the usual residential housing for the average Perthrite family here, as you would want to suggest. 2. While now there is an acute shortage of skill labour in...
  17. K

    Perth - madness.

    ++++++++++++++++++++++++++++++++++++++++++++ Dear Stretchy, 1. I wonder what is the level of investors' activity during the last boom? REIWA has similarly reported a high level of investors' activities (32%-40%?) in the present Perth Property market boom. 2. I agree with Alex that...
  18. K

    Perth - madness.

    +++++++++++++++++++++++++++++ Dear ASDF, Care to further elaborate on your line of thinking and its logic, please? Thank you. Cheers, Kenneth KOH
  19. K

    Perth - madness.

  20. K

    Perth - madness.

    ************************* Dear Deen, 1. I think a clearer picture as to where the Perth Property market is actually heading and to the actual extent which it will eventually/has "slowed down" since June 2006, will probably emerge at the end of December 2006. 2. At this point in time...
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