How to determine where each state is in the property cycle
- Thread starter manchester
- Start date
Around the GFC,i wouldn't have thought so.I am talking across the board big percentage gains.Not small gains annually,im talking a HOT market.
Adelaide has always been "on the cusp of warming" since I've been investing in property.but lovely town. SA needs a resource BOOM ... and I mean "get off your rectal " BOOM. First boom gotta rid of all them churches .... then dude's are bad mothers ...
I'll just leave this here.
I'll just leave this here.
This says 2013 was $408,000
http://www.adelaidenow.com.au/lifes...more-than-400000/story-fnizi7vf-1226799273853
Absolutely. Outside of the ex-housing trust purchases I've made recently, the private sales have been substantially below previous sales prices (especially if last bought in 2010-2011).
Yup, I just saw a place in a slightly nicer location than mine, fully renoed and on a similar size block (but not a corner) for $40k less than I sold for in 2012.
Nice chart ... but ...
To whoever posted the lovely chart ... very good ... that's what I mean ...always warm .... every city gets a seat at the average table ... doubles every 7 to 10 years. That's the norm..... but not a boom. Show the same chart for Perth or other places in WA. There you go. LL
To whoever posted the lovely chart ... very good ... that's what I mean ...always warm .... every city gets a seat at the average table ... doubles every 7 to 10 years. That's the norm..... but not a boom. Show the same chart for Perth or other places in WA. There you go.
LL
To whoever posted the lovely chart ... very good ... that's what I mean ...always warm .... every city gets a seat at the average table ... doubles every 7 to 10 years. That's the norm..... but not a boom. Show the same chart for Perth or other places in WA. There you go.
http://reiwa.com.au/uploadedFiles/Public/Content/The_WA_Market/House-prices-2013-web.pdf
There you go ..
The results are in ...
City of churches ... from 2001 to 2010; Median $210K to $450K ; 114% increase.
City of the Freeo doctor ...same years; Median $190K to $500K; 163% increase.
..so investor's in Perth achieved 49% more growth over the period.
And some WA regionals I reckon would have done much better than Perth (but also more risky...) . What a difference a few hundred million tons of iron ore makes ! LL
The results are in ...
City of churches ... from 2001 to 2010; Median $210K to $450K ; 114% increase.
City of the Freeo doctor ...same years; Median $190K to $500K; 163% increase.
..so investor's in Perth achieved 49% more growth over the period.
And some WA regionals I reckon would have done much better than Perth (but also more risky...) . What a difference a few hundred million tons of iron ore makes ! LL
Timing is important but you can't capture it for maximum benefit. You'll only know it after it has happened...
Just don't tell the hotspotters that...
Andrew Wilson June 2014 update:
EDIT: From here: http://www.wilsonproperty.com.au/_files/pdfs/drandrewwilsonpresentationsydney-140730.pdf
EDIT: From here: http://www.wilsonproperty.com.au/_files/pdfs/drandrewwilsonpresentationsydney-140730.pdf
If the graph is to be believed then we should be buying in Canberra, Adelaide or Brisbane.
Having visited Brisbane i'm not entirely convinced prices will rise a lot next yr. This yr has shown pretty good growth for Brisbane.
if we get a change in government then i think canberra would be a good buy, as i'd expect Labor to start hiring more public servants again. - what do people think of this ?
Having visited Brisbane i'm not entirely convinced prices will rise a lot next yr. This yr has shown pretty good growth for Brisbane.
if we get a change in government then i think canberra would be a good buy, as i'd expect Labor to start hiring more public servants again. - what do people think of this ?
found this interesting
https://au.finance.yahoo.com/news/home-price-growth-pattern-shift-033508160.html
https://au.finance.yahoo.com/news/home-price-growth-pattern-shift-033508160.html
Not necessarily, the is just one person's subjective view and should not be used to guide buying decisions. IMO it's a good guide to where to start your research and due diligence.
mmmm, Canberra is misplaced... should be below Hobart. At least Hobart might be starting a recovery, Canberra isn't... and won't for a while. You ask about Labor getting in. We are only 1 year into a 3 year political cycle of a Lib government. Might be a good time to buy if you've got a long term horizon (and can hold a -ve property in that time).
I would like to see the rationale behind some of the placements in this graph. I would agree that Brisbane is further up the cycle. I have been subscribing RE.com.au for a few areas in Brisbane over the last 12 or so months and have seen asking prices rising steadily.
From comments on SS generally, I would say Bris is further up than Adelaide (unless others have intel to place them both together).
