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Appreciate your comments, again, Ken. Yes, it will be interesting to see what happens. Regards,

Ken, As earlier, I have no land sales figures. You might try REIWA. regards,

Thank you for your comments, Ken. I currently think (aka guess!) interest rates rises have reached the end of the current cycle. I think recent rises have done their job. Maybe this would be best discussed in a separate thread if you want to explore this topic? regards,

Re land prices, REIWA article mentions - 23% (cost) increase in Sept qtr, after - 22% cost increase in June qtr. And - 77% cost increase from Sept qtr last year to Sept qtr this year Cheers,

REIWA comment on land :)

Yes, Rixter. It doesn't seem right. I'll check at the REIWA website.

Ken, I don't have any land sales figures & wasn't referring to any - I was asking a question. Somehow I had an idea the volume was rising - maybe I was mixed up with the rising supply? In conversation yesterday I heard that Mandurah sales have slowed to just about a standstill. regards,

Tizzy, Gives me more reason to buy larger blocks. regards,

It was on page 8 of Saturday's paper, Rixter. Article mentioned that the June quarter's average land price for Perth was ~218k and for the September quarter ~305k. Didn't seem like any typos. Maybe the market (I'm thinking type of block - size/location) has changed somehow?

crazy - 40% rise in one quarter. NOT annualised! Amazing! 40% rise from one quarter to the next. And on a rising sales volume?

Alex, I believe markets can definitely change abruptly. regards,

Bring it on I believe the current resource boom in Perth is a '1 in 100 year' super-cycle, the likes of which were last seen in the late nineteenth century. I look forward to seeing the ongoing positive impact on the WA economy and more particularly how it impacts the housing market in the...

So, a boom is a boom. Markets move in cycles and the "Property Cycle Theory" is one way of describing the cycles. We will only know the phases and timing of this boom with hindsight. Meanwhile, I'm enjoying the ride. 7% price growth in quarter. Love it! ;)

Ken, I note the REIWA figures of ~4% growth in rents were AFAIK for the quarter.

I wonder if the present strong Perth market is a little different from a typical booming market because of the genuine, strong & unsated demand for housing? Though, I guess, even in such a situation, the phenomenon you (Ken) are describing would be expected to occur. :confused:

Kenneth, Our posts crossed, you also see rents rising. About time, too! :) regards,

Some good comments, as usual, Ken. I wasn't commenting on workers at mines and it seems that some of your comments are based on that mis-assumption? Yes, housing affordability can't have much more capacity and abnormally high investor participation is non-sustainable. It is stating the...

From 200 to 300 is a 50% increase!

Good point on the rents. They are moving. The earlier quoted article mentions a 4% rise in the quarter. Rents in large cities move glacially compared to the rapid changes in house values. Vacancy rates are very low ATM.

Don't underestimate the demand for housing. Well paid, in-demand workers are flocking to WA and need somewhere to live. There is good support for the current housing prices. Logic says that super strong capital growth can not be maintained for much longer, but I think there will be enough demand...