Seems like its just the Perth ss's investing in Perth ATM.
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What do you mean by dead cat bounce?
most commonly used when referring to share prices. a small, short recovery in prices, but a downward, or flat trend.
Apparently Perth sales are up 8% this week and 39% in comparison to the same period last year
Source
Hi Redwing
I give stats a complete miss, they are so rubbery, next quarter they will show the complete opposite, seriously go research the last 12 months you wont be surprised.
As for Perth, I bet on Syd (Western suburbs) as the way to go, I chase the cycles reducing the risk. I wish it was Perth, would make my life easier as this is my home town but I will chase the cycles.
Cheers, MTR
they sure are... I just bought a house in Perth on 700m² with 6% gross yield
The stats from REIWA have been heading in the same direction for a few months now (I read them in the real estate section of Saturdays West). Sales volumes are consistently up on the same time last year and four weeks ago.Hi Redwing
I give stats a complete miss, they are so rubbery, next quarter they will show the complete opposite, seriously go research the last 12 months you wont be surprised.
As for Perth, I bet on Syd (Western suburbs) as the way to go, I chase the cycles reducing the risk. I wish it was Perth, would make my life easier as this is my home town but I will chase the cycles.
Cheers, MTR
The stats from REIWA have been heading in the same direction for a few months now (I read them in the real estate section of Saturdays West). Sales volumes are consistently up on the same time last year and four weeks ago.
If you are chasing the cycles would you not be investing in Perth now?.
Are rents going nuts there too?
I am focusing on Western suburbs in Syd, rents are strong.
Perth is not on my radar at the moment. Lets all chat in 12 months time, bet I am right...
Cheers, MTR
.
Just to highlight how flawed the data can be - I was reading the WA Property report in Sunday's paper. Ardross was listed as the best performing suburb in the south of Perth with a price increase of 8.7% over the previous 12 months.
8.7% increase was based on 29 sales. What the report did not mention was 29 sales represents approximately 2% of all properties in Ardross.
Out of interest Derby was listed as the highest growth area in WA over the last 12 months with growth of 90.3%. Yes that is right 90.3%.
This figure was based on 16 sales which represents 1.7% of the total Derby market.
So message is use median prices with care.
Cheers MTR