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  1. M

    Why Perth is a Bubble ("This Time It Is Different")

    travels in search of low hanging fruit Keep an open mind. In my quest for capital gain, I actually visited Cairo and pounded the pavement for a few days. Low hanging fruit abounded and, yes, prices were cheap, well below replacement value. Better still, the population was not declining -...
  2. M

    Why Perth is a Bubble ("This Time It Is Different")

    Investment is about logic, about making consistent and sustainable gains, without exposing oneself to too much risk. Investment is not about pride or hubris or being able to boast "told you so" when you are right and others wrong. Logical investors keep open minds and look at all the evidence...
  3. M

    Why Perth is a Bubble ("This Time It Is Different")

    Absolutely, our miners work damn hard, just as our farmers do. The country will be buggered without them. Battlers like our miners don't deserve to be duped into believing that the trees will grow into the sky and that house prices will rise exponentially from here. I've seen hard working miner...
  4. M

    Why Perth is a Bubble ("This Time It Is Different")

    You'd have to be as blind as a welders dog not to see it. My suggestion to the naysayers is that they should not believe me. Instead, they should crunch the numbers themselves and graph it out as I have suggested. Graphs, unlike hype and the Sunday Times, are completely unemotional and devoid...
  5. M

    Why Perth is a Bubble ("This Time It Is Different")

    Feel free to correct me if I am wrong but I think what he means to say is this: Of all the many suburbs in Perth, less than 10% have a median that is below $355 000. The remaining 90% of suburbs in Perth have a median price in excess of $355 000k. I'm guessing that the upper quartile of...
  6. M

    Why Perth is a Bubble ("This Time It Is Different")

    One cannot go too badly wrong with the sort of prices you quoted above Redwing. Although I would not want to live in places like Armadale or Medina, I can't see the cheaper end of these suburbs crashing - even if the local yokels aren't the nicest of neighbors. Saw some enticing old houses in...
  7. M

    Why Perth is a Bubble ("This Time It Is Different")

    I certainly don't mean to rain on anyone's parade but the figures for much of Perth do not add up. Buying the average Perth house now is akin to investing in emu eggs, internet stocks or tree plantations a decade ago. I do not say this lightly. Take a look at median wages in WA and contrast...
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