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No from a buyers v sellers numbers........ but doesnt mean you cant find a good property that suits your investment strategy. It really depends on the supply & demand equation for the type property your chosen investment strategy dictates you're looking to purchase.

Seems like equilibrium to me

Couldnt agree more.......why ppl build 2 story is beyond me. Maybe some sort of status symbol in their eyes? Its a wealth hazard as well as so much more effort getting around the house. My mrs suggested the same at one stage so I brought to her attention how many times she walks into the...

Sure thing... there has not been as many sales above the median price, as those below it. As you know median price is the middle number of sales.. it is not the average price.

REIWA have not updated their website data.

That's for savvy investors however prices dont plateau because of them. The masses, being the owner occupiers, are the ones who fuel the market. They are the emotional drivers of prices.

I think its because it takes so long to read the 1300 odd posts in the thread ;)

Yep, the old 80/20 rule in play.

Good if you're already in the market. Its why we're all here isnt it. Gotta love property as a wealth generation vehicle.

Smells to me like shared accommodation rented room by room marketing to FIFO workers.

Yes, another $100k-150k CG would be nice in the next 6 months.

Like I said, it depends on one's chosen investment strategy..There are other strategies than just 'time in' the market type strategies... ie reno's, flips, wraps, options etc etc to name a few. You dont have to be in a 'rising' market to generate an income from property.

Depends what your pre-determined investment strategy is I suppose.

Yeah, land is going up nicely here in Perth. That block I bought inside my SMSF comparative values have it at $30-$40k CG since the start of the year.

Correct Blair007. Its all about building your team of industry professionals around you. You are the entrepreneur.

Most are purely salespeople and not investors or developers.

It is not 2nd mortgage. Its freehold land owned outright by the developer/investor before purchaser taking mortgage over it. Thats is correct..as mentioned, if developer doesn't develop estate the purchase price is returned to the purchasers .

The land is still there and Purchaser's hold mortgage over the whole Estate parcel of land until such time as titles are produced or their purchase money is returned. At the end of the day its up to each individual to investigate the opportunity, obtain the paperwork, conduct their own due...

The odds of it not going ahead is very slim as its planning approved, however playing devils advocate with development not proceeding, the purchase price will be returned. The risk would be lost opportunity cost of what you could have done with the money elsewhere over the same period of time.

The developer/investor is wanting to create some capital asap. We purchased a block inside our SMSF for $100k cash. Worth over double that easily (todays CMA). No more to pay. No outgoing council or water rates until development in 3-5 years.