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Do people believe that markets can turn very quickly? I was just thinking that there was plenty of queuing for high rises in Sydney back in '03 / '04, and the market suddenly turned. Business hasn't suddenly died in Sydney: unemployment is still low, bars, restaurants, etc are still doing good...

Cumown, so if a new investor asked you which city they should buy in, you would suggest Perth over, say, Sydney, Melbourne and Brisbane? Alex

More to the point, when is a resource industry spokesman even going to say bad things about the mining industry or its prospects? I read an interesting article on differing views on the commodities boom between Jim Rogers (the commodities bull so often quoted in the media these days) and...

The supercycle is still a CYCLE. One that I agree with, by the way. If you tell me 'buy a property in Perth now and the price will go up in 20 years' I would agree with you. Doesn't mean all hell night not break loose in the next couple of years, before it goes back up, and that I would make...

Analyst, do you think there is a relationship between wages and property prices? i.e. in the medium to long term, property demand is made up of new migrants and pay increases? Even assuming affordability is acceptable now, do you believe that wages will rise 75% to support a 15% a year...

I read the supply tightness and flat (if not falling) prices as an indication of just how big the hangover is from the boom in Sydney. If rents were to jump to the point where investing in Sydney makes sense again, renters would take a BIG hit. There will be knock-on effects: If someone sees...

Surely the same logic applies to property. Long term property only does about 7-10% (a statistic the sharemarket people always cite), lower than equities. Alex

Not referring to this situation specifically since I haven't read it in detail, but when measurements that have been used for a long time are changed, it usually means someone is trying to cover something up. So if the REI is changing how they measure 'house price' (whatever that means) and...

A look at historical median prices shows that Sydney has been above Perth for the last 30+ years. Since 1980, Sydney has been at least 50% (in some years more than 100%) higher than the median in Perth. Does that mean the Sydney median will always be higher than Perth? Not necessarily, but...

I agree that WA is the best state for growth and jobs at the moment. However, WA and NSW hasn’t changed in size lately. What you’re saying about WA and NSW has always been true (cheaper houses, more land). Up until around 6 years ago no-one really thought about buying in WA. Why didn’t people...

Size of WA hasn't changed from 6 year ago, and 6 years ago it was considered an old economy hole that would never amount to anything. What changed? International demand for commodities. Which is cyclical. Is China going to just keep growing 10% without stumbling (if temporarily)? Alex

And when the commodities boom comes to an end? Or are you telling me it's just going to keep going forever?

I'm sure not many years ago people in the Eastern states asked the same thing about Perth. Economies and markets are cyclical. Ever wonder what people were staying about, say, the NSW economy and market at the peak in 2003? Nary a naysayer to be found. Alex

Po-Tae-Toh Po-Tah-Toh, no? A rose by any other name.

So peaking just above $100k in 1989 or so, after a massive jump. It then trended down a few % a year (I can't read the scales every well) until around 1993 when it started going up again. Fairly flat until 2000. After this recent boom..... I noticed that Sydney in the 90's didn't actually...

WA and QLD does not make up the entire Australian economy. Unfortunately the RBA can only move interest rates nationally. So assuming NSW (still the largest state economically) gets hurt by interest rates, how long will it be before that cuts into growth? i.e. can the continuing mining boom make...

At the same time, kph, does anyone recall a time when Perth shot up this much this quickly? Alex

No China (nor India) are going away. Neither are their problems (corruption, bad debts, social problems, etc). No economy can sustain decades of growth smoothly. Japan, US, etc all had crashes (that they recovered from). Japan's has been longer than most, though that's because they prolonged the...

I'm just wondering what people said about Sydney in 2002 - 2003. Alex