I heard that Perth went up 7% in 2009!!
Wander what 2010 will bring?
Wander what 2010 will bring?
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I just love all this good property news... I'm getting excited.
It's great to have the increased demand to push up prices of our existing properties, but makes it that much more difficult buying more.
After looking in the heat of last weekend & this weekends swarms, I'm knackered.
I want to be able to have my cake and eat it too.
It's great to have the increased demand to push up prices of our existing properties, but makes it that much more difficult buying more.
After looking in the heat of last weekend & this weekends swarms, I'm knackered.
....... Most of the time they have already been sold, but still on the net
Hi Propertunity
Perhaps they are intentionally doing this to drum up further competition.
Cheers, MTR
But of course as a BA you and Michael Yardney* both need to beat that drum as hard and as fast as you can!
Last week attended a first OFI for probably the cheapest house in this particular suburb. There would have easily been 200 people inspecting during the half hour, if not more. Lined up down the street. Absolutely manic- and the place was a dump
Michael beating the drum is nothing new.
He's always trying to sign up people for that special once in a lifetime deal.
but using words such as the mother of all booms IMO lowers his credibility.
It's not that prices are low and are about to double overnight.
Prices are already high and buyers will soon realise that they've lost this train and they'll have to buy elsewhere or will have to wait and catch the next train in a few years time.
If interest rates stay low we could see moderate price increases this year and next year and then have a pause as rents and wages will play catching up.
The five suburbs that experienced the highest house price growth in 2009.
Melbourne: East Melbourne 58.9%
Sydney: Sylvania Waters 53.8%
Perth: Churchlands 43.8%
Darwin: Fannie Bay 39.4%
Sydney: Taren Points 38.4%
gees I would take these numbers with a grain of salt!
BV why so negative??
gees I would take these numbers with a grain of salt! churchlands up 43% last year?! I would call the whole of the perth western burbs down 20-30%, with maybe 10-20% recovered.
Are we there yet?
Keep on it MY, sooner or later you can shout from the roof tops "I told ya so! I was right!" and charge a few more Ks for ya appearances.
It's the "lucky fool" theory, works a treat.
"November 5th 2007
Take the city of Sydney - the Mecca of property investing.
In 1890, the average Sydney home price was $1,446 (£723). If property really does double every seven years then, in 2009, the average Sydney home will be worth $189,530,112.00. (There must be one helluva boom coming in the next 14 months).
In 1890, the average Sydney home price was $1,446 (£723). If property really does double every seven years then, in 2009, the average Sydney home will be worth $189,530,112.00. (There must be one helluva boom coming in the next 14 months)"
http://www.jenman.com.au/news_alert.php?id=90