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Thanks Aaron. I am looking at what they are building in the area. I guess if there are a number of properties on the market and some are under offer, there is more demand for those? Anyway, I was loling over this floor plan... plain as a k-mart t-shirt. It does seem efficient though...

Maybe I should hire you as a consultant! :D

Yes. But I wasn't sure what I should go for. If I built for myself, I would do 4x2's because it was to be a long term hold to rent and there are very few 4x2's in the area resulting in unmet demand for this product for rent. However, a purchaser might want to do something more like three...

That's a good move. I am doing the same thing in Perth. I could make good money on the Perth property but I really want to hold this one long term and build to rent and hold. This is the one where I want to gain experience in building. I don't have the same motivation for the Melbourne site...

This place was purchased in 2007, so there is a decent profit margin. Purchase price was $385k. What makes a sale attractive is an old house in worse condition with the same block size sold around the corner recently for $625k. It's a shame I only own 50% :p...

I'm seriously considering selling my Melbourne development site but I want to get out of Melbourne while the market is still rising. I was thinking of making some enquiries in spring? I don't want to leave it too late.

Another interesting metric is the number of listings with reduced prices. For example, go to re.com.au, select 'Perth - Greater Region, WA' and key work search 'reduced' or 'reduction'. Out of 26092 Total Results: 'reduced' returns 710 results and 'reduction' returns 759 results. I note...

Development sites in White Gum Valley and Willagee? I'm just going on what my mates have told me. I have two looking in the area. I have been told there is a lack of supply. The other one is Forrestfield. I know of a couple of people looking in the area and they are having trouble finding...

Melbourne what, Melbourne where? It will depend on where you a looking. My area of interest in Melbourne is north of Heidelberg. I know development sites there are going well, as are new townhouses.

Some interesting and useful articles about the Perth property market. https://www.mywealth.commbank.com.au/property/property-round-up--across-the-capitals-for-2015-infocus201501 https://www.mywealth.commbank.com.au/property/perth-property--pros-and-pitfalls-infocus201410 I think the...

Claremont and surrounds probably haven't fared so well since the GFC. The median is the top of the market compared to the Perth median. The Perth median house price is $549,000. Double that is close to $1.1 million. I don't follow the markets above that price, but at a guess, I think it is...

Construction data would be useful for you then. Approvals have dropped, so construction should decline as well, if it hasn't already. I'm in the same boat as you. I want to be building when construction declines. I don't have a source for those kinds of stats, but this is interesting...

Thanks. I was just interested to compare an interested person's perception of the market to some hard data. It's important because perception is one of the biggest driver of any market. So use realestate.com.au median house price data to compare 2008 to 2014. Mandurah: $347,500 -> $335,000 in...

Can you name some suburbs where prices are still at GFC lows? I don't know of any.

Interest rates aside, the property cycle is very clear. From the bottom of the market (6), yields increase, demand increases, prices increase, construction increases and near the top of the market, we see rapidly rising prices. When the Belmont LGA area was 'hot', prices were increasing $100k or...

I agree. I'm watching my property in Melbourne and will be developing that one next. Instead of arguing about numbers on an imaginary clock, it might be easier to just say- Perth is a falling market and Melbourne is a rising market. That's in general of course. There are always outliers.

I was looking at the prices on those graphs, not sales volumes. The prices indicate the market is topping out (in terms of price), not bottoming out (in terms of price). Anyway, That is an interesting article. Which would put the Perth market at 2 O'Clock. ;) Although, in my area...

I don't see any indicators we are at the bottom of the market in Perth. More like coming off the top. I follow the City of Belmont LGA. Check out these graphs and see if they tell you the market is topping out or bottoming out: Cloverdale houses...

It depends. Are the price drops because house prices are reducing or are the a result of optomistic pricing and more houses on the market. My area is more the latter where yields are falling and there is move towards oversupply. 6 would indicate the bottom of the market, but there is no evidence...

Maybe not in all suburbs, but in my area they are. I am getting a lot of 'price reduced' emails from agents lately.