yeah wheat and cattle/sheep would have absolutely nothing to do with anything at all. move along.
Perth property listings - under 9,000
- Thread starter Ausprop
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yeah wheat and cattle/sheep would have absolutely nothing to do with anything at all. move along.
Article today online about Perth rents:
http://www.abc.net.au/news/2015-01-14/prices-continue-to-drop-in-perths-rental-market/6015500
I have seen more 'for lease' boards in my area as well. Although it's pretty anecdotal evidence of the 'slow down.'
Houses are still selling pretty quick in my area. However I am prepared (and have budgeted) in my valuation models for lower rentals going forwards.
Cycles create opportunity
Here you go : WA jobless rate surges"WA's jobless rate surged from 5.3 per cent to 6 per cent."
To put things in perspective, despite its abundant Mineral Resources and a much smaller Population size, WA's unemployment rate is higher than the packed-to-the-rafters NSW where there is higher competition for jobs.
And that's just the beginning...
I suspect those figures will go up not long after the kids go back to school and will likely crack the 14,000 figure in quick time.
South of Perth
Have a few NRAS south of Perth in Rockingham, is this worth spending time on?
Low priced 2BR below $400k,
But I don't know a lot about the area other than some research reports that say great things.
What is the climate like with the mining slowdown?
Have a few NRAS south of Perth in Rockingham, is this worth spending time on?
Low priced 2BR below $400k,
But I don't know a lot about the area other than some research reports that say great things.
What is the climate like with the mining slowdown?
How much below 400k? What are similar non nras properties selling for?
What else would the same money get you in the suburb?
Are they "off the plan" or ready to go?
NRAS can work but got to be cautious with the valuations as there is often comms built in that you may end up funding via the purchase price.
In regards to the mining slowdown I think there is more (or less) to come before it ramps up again.
possibly but that's why they cut IRs
Seems the interest rate cut has not had an immediate effect on stock levels/sales.
From the REIWA site;
In this week?s Market Snapshot, reiwa.com data shows there was a further easing in reported sales over the last week as more stock flowed into the market, with all components contributing to the softening.
Despite this drop, sales remain above the level of four weeks ago, but continue to track 10 to 15 per cent below the same time last year.
The movement in sales activity north and south of the river remains consistent.
Listings have now surpassed 13,500 for the first time since May 2012 when stock levels were trending down.
The rental leasing market remains solid with property leased last week sitting at 1,275, which continues to rebound from the Australia Day dip of 1066, and also remains above the level recorded at the same time last year (1,231).
From the REIWA site;
In this week?s Market Snapshot, reiwa.com data shows there was a further easing in reported sales over the last week as more stock flowed into the market, with all components contributing to the softening.
Despite this drop, sales remain above the level of four weeks ago, but continue to track 10 to 15 per cent below the same time last year.
The movement in sales activity north and south of the river remains consistent.
Listings have now surpassed 13,500 for the first time since May 2012 when stock levels were trending down.
The rental leasing market remains solid with property leased last week sitting at 1,275, which continues to rebound from the Australia Day dip of 1066, and also remains above the level recorded at the same time last year (1,231).
Is this metro only? units vs houses?
