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OMG, things that bad. Hell of a discount. Good time to buy/upgrade - primary residence, if buying and selling in the same market then I guess it wont matter too much.

This is typically BS marketing stuff for suckers. No point mincing words. If you are interested in a particular suburb just research/focus on details such as - number of properties on the market, how long on the market, recent sales and my guess is your research will show that most areas have...

Wow, that's got to hurt.

I don't even know what a bubble is to be honest, and I don't bother with charts because they don't tell you the facts, just a general overview, and we know there are markets within markets. Some pockets in Melb have not peaked, some have IMO. MTR:)

Sanj Do you think its your product that stands out, price point, location, therefore getting the interest?? I ask because I noticed the market in Spearwood (villas) dropped off some six months into my build and did not really think they would sell or I would have to drop my price...

Wow, interesting, so we have no hope of this working in Oz, good, I need another 12 months. Mtr

Government following New Zealand, where they adopted tightening of finance 2014 to help cool their over heated property market, and it did work, to what degree, not sure??. Assuming this may end in same result for Syd/Melb?? It will effect everyone/investors, my understanding not just about...

But won't it make it harder for you and me..?. I dont understand this really, there are always going to be people landbanking, nothing new really.

With current tightening of finance its going to get a whole lot harder funding these projects Something else to consider

Not the best or desirable location in Wembley, main artery, however if you picked it up for the right price then why not.:)

Agree I won't be starting my Willagee project because I am also concerned how end values will stack up on completion. Am just going to sit back and watch. Also the tightening of finance will hurt everyone, did not realize the impact on investors, lot of nasties here Mtr

I think you would be about right for Mt Hawthorn, this is what buyers want in this area. Ausprop I agree, I think it would be totally ridiculous to knock down a character home in this area, this is the product people want and un renovated because they want to add their own touches.

Sometimes you get real lucky, just think about those paying for new villa in Yokine perhaps $700k on 250 sqm...? This purchase was a gem and the opportunity to add value, Reno, extend and $$$$ ... Nice

You only need 2 people fighting for a property at auction, if they both want it bad enough. Also, if you recall the last boom time in Perth, we had Dutch auctions, purely due to demand agent would have perhaps 9 offers on the table and ask all to place best offer and then go back to the buyers...

Auctions don't work in a flat market at least that is my view, great result for lucky buyers Mar

I hate paying tax but its just part of business, but if you structure correctly it will help reduce this. I also think it is a good idea to sell some, keep some. As mentioned, I have offloaded a couple of projects in Perth, for me it makes sense to take the money now that this market is...

That's good, also you have the skill set for this, stuff people don't see but you can, same as WM, good for you both:)

Thanks for sharing this:)

I have not been in the game long enough to know how this part works. However, I assume if you are picking up the developments sites for a lower price then the end value of the product will also reduce??... or worse you can not sell at the end of the project. I am being devils advocate here...

Wm Good returns in this market:)