I think the herd are starting to buy in Perth - Peaking ?
Did anyone see the article in WA's Sunday times today? Page 8 of the liftout
I attached the article.
44 % of the 1000 surveyed are thinking of buying in Perth 2014.
I know just the 1000 surveyed is not a large sample to go on but I have a feeling Perth is nearing the peak of the market and it appears according to this article the hurd are gaining momentum.
You need to get in before the herd. The herd are always too late, pay top dollar and buy at the peak of the market. I think the time to buy in Perth was 1 - 2 years ago!
The article also talks about Perth's yields and that there is a chance the rents will go down even more as there is more stock than there are people looking to rent. Vacancy rate is now 3.8 % a jump from 3.2 %
Industry experts thinks Perth values will rise by the end of the year and rents will drop back making renting more attractive than buying.
What do you think? Is Perth at the peak of the market? Nearing the peak?
I'm hoping people will see this article and the public will want to jump on the bandwagon pushing up values even more!
Yep... not the time to invest in Perth!
Did anyone see the article in WA's Sunday times today? Page 8 of the liftout
I attached the article.
44 % of the 1000 surveyed are thinking of buying in Perth 2014.
I know just the 1000 surveyed is not a large sample to go on but I have a feeling Perth is nearing the peak of the market and it appears according to this article the hurd are gaining momentum.
You need to get in before the herd. The herd are always too late, pay top dollar and buy at the peak of the market. I think the time to buy in Perth was 1 - 2 years ago!
The article also talks about Perth's yields and that there is a chance the rents will go down even more as there is more stock than there are people looking to rent. Vacancy rate is now 3.8 % a jump from 3.2 %
Industry experts thinks Perth values will rise by the end of the year and rents will drop back making renting more attractive than buying.
What do you think? Is Perth at the peak of the market? Nearing the peak?
I'm hoping people will see this article and the public will want to jump on the bandwagon pushing up values even more!
Yep... not the time to invest in Perth!