Another boom in WA ?

[Ross]

Just wondering WA investors thoughts on this article.
Are we likely to see strong growth again once the rate cycle turns ?
I'm not banking on any decent growth in the next several years

http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=71191

 

[Dazz]

As far as I'm concerned, the boom hasn't stopped as yet. Far from it, I expect the boom in my property niche to continue powering on as it has for the past 4 years for the foreseeable future (mid 2010).

I must temper the comment with the fact that I invest in different property from what the article and you are refering to.

The "property market" in Perth is a very big bucket indeed. To try and lump it all together makes no economic sense, as there are vast tranches that are dead in the water and there are pockets that are absolutely screaming up in value.

As with everything in property, a broad brush approach never serves the individual investor well.

 

[Ausprop]

if you want a basic flavoured resi IP then yeh its probably ok buying, not much investment in new housing now and with strong demand it will have to give. there sure are some bargains in the likes of yanchep, butler, halls head etc.

 

[jaycee]

You're talking (build?) or near new Ausprop ?

 

[Ausprop]

near new. typical 4x2s being dumped by specc investors