Search results

Perth house prices surge 46pc http://www.news.com.au/perthnow/story/0,21598,20761489-948,00.html Another 10.1% in the 3rd Quarter... almost double the last figure reported a few weeks ago, and 46% for the year. And some more fuel...

There's lots of new homes going up... popular trend in rivervale, aside from villas, is subdivide and build 2 new homes... so there should be plenty of what you're looking for, however if you want a full size block, you'll most likely have to knock down and build... and fork out the spon!

If you compare rivervale to suburbs of equivalent distance from the city centre, I think it's a little undervalued. Probably because of the direction from the city, i.e. east and toward the airport. It's practically inner city riverside suburb. Landcorp has some big plans for the area on the...

Couldn't agree more!! Not sure the reason why it has suddenly come up... but I'm effin stoked about it, fingers crossed it all goes according to plan.

Some more hype on WA to fuel investors... http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=10743 http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=10892 and now that daylight savings is coming... why wouldn't you want to move to WA!!! All we need now is extended...

40% investors sounds extremely high - where does this figure come from? If true, this is obviously on the increase, I suppose there's a real mix of investor types out there too, i.e I would assume that there's a large portion of home owners who are using new found equity to invest in...

You're absolutely right Kenneth, I was merely reporting the statistics. Whether they are right or useful is a philosophical debate. What do I think this means? I don't know that I have enough experience to answer it, which is why I put it out there. I suppose one could summise that the...

Kenneth, To set your mind at ease, here's an article with the same figures where the journalist nearly gets their terminology right, it seems there's some confusion between median and average :) http://www.theaustralian.news.com.au/story/0,20867,20574549-31037,00.html

Not necessarily, but highly likely the author was referring to the median price, rather than comparing apples and oranges. Are you suggesting this number is made up? I agree that the figures do vary depending on whose tracking it, but they are always in the same ball park. Also, median...

7% increase in September quarter Reiwa has reported a 7% increase in the median house price for the September quarter, down from 8.5% in June, things starting to turn? ;) http://www.news.com.au/perthnow/story/0,21598,20588354-948,00.html

You mean what would it sell for after the reno? 7kms from the city is well and good, but the suburb and area it's in are probably more important factors. The building complex is also important. If it only needs a quick touch up, then it can't be too bad (90's?). It's still possible to get...

IMHO places in the outer suburbs like Canning Vale have overshot their value. Similar to some areas in Western Sydney that have had dramatic price falls since the market peak, I predict these areas will be the first to slow down in the Perth market. (bold I know :rolleyes:) Even in a rising...

a fool and their money... on the other hand... without knowing what is involved in cleaning up these sites, how much it costs, how much surrounding non-contaminated blocks are going for... 150k may have been a good price... regardless of the state of the market.

Quite right KS... 30% growth may be a thing of the past, and selling right now may be a good option, but don't let the media dictate your decision. They could be conspiring with the govt to encourage investors to sell to relieve some of the land shortage pressures ;) Long live the Perth...

There Eagles WERE playing on saturday... the streets were quiet... no-one came into our shop and the video store next door was also unusually quiet. Have all the houses been bought and we have nothing left to spend? Weather wasn't too flash either. I wouldn't be judging the state of the market...

Anyone had anything to do with the land being released in Midland at the moment, under the Woodbridge Lakes banner? I realise getting in on the ground floor of this release would have been ideal, however does anyone have an opinion on whether buying in at this late stage still has some...

Another big factor in the equation is supply. This is restricted at the moment by a few things... demand, lack of skilled workers, the government, and home owners. Home owners who might be inclined to sell, are holding off, because prices are rising so rapidly, no-one is selling. It will be...

Is anyone actively buying or selling in Perth at the moment? Are we still seeing the "madness" of the first quarter of this year? Any thoughts on the likelyhood of another 8-10% for the june quarter?

Anyone that has owned property in Australia over the last 6 years has been "lucky". Outside of WA and NT things may be slow, but they too had exceptional growth until 2003/04. Perth has boomed just like the rest of Aus, it started later, and is continuing on the back of the resources boom...

That's because no-one living down that way has a kitchen yet :D Not to mention the lack of choice for eating out... or of course all the through traffic for people travelling down south...