yeah i concur - at least a year before we some movement.
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I dont think Perth will see its next boom until after the next IR round as it goes up more and then starts the downward trend.
The upward rate trend coupled with the population increase will fuel rental yields enticing investors back into the market. This will mark the start of the next property cycle.
Then the downward rates cycle will entice buyers (some who rent & others migrating) back into the market coupled with the huge under supply of new housing struggling to keep up with the demand will herald the next major property boom for Perth.
And when do you think that might roughly be ?
I dont think Perth will see its next boom until after the next IR round as it goes up more and then starts the downward trend.
The upward rate trend coupled with the population increase will fuel rental yields enticing investors back into the market. This will mark the start of the next property cycle.
Then the downward rates cycle will entice buyers (some who rent & others migrating) back into the market coupled with the huge under supply of new housing struggling to keep up with the demand will herald the next major property boom for Perth.
major booms. Why is it people think they happen every couple of years??
Can you at least give a range of years for your prediction rixter?
I agree Rixter....Perth is going to do what Sydney did between 2003-2009.
I remember my first property had basically no real growth from when I bought it in 1993 up to 2000, then achieved 80% growth up to when I sold it to upgrade 3 years later in 2003.
The dart landed on 3-6 years.
Taking us up to 7-10 years since our last.
The latest figures show Perth to be still in the doldrums.
The latest figures show Perth to be still in the doldrums.
How old are the figures ? Can you provide a link?
Most figures are 3-6 months behind.