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Perth House Prices Plummet
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Re: Perth House Prices Plummet
Originally Posted by NKSK version 2
(Post 7538599)
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Re: Perth House Prices Plummet
They still have some way to go if they are ever to drop back in line with where they were in 2002 compared to Sydney...
http://www.britzinoz.com/images/hous...stablished.jpg |
Re: Perth House Prices Plummet
Originally Posted by ABCDiamond
(Post 7538671)
They still have some way to go if they are ever to drop back in line with where they were in 2002 compared to Sydney...
http://www.britzinoz.com/images/hous...stablished.jpg |
Re: Perth House Prices Plummet
Originally Posted by ABCDiamond
(Post 7538671)
They still have some way to go if they are ever to drop back in line with where they were in 2002 compared to Sydney...
http://www.britzinoz.com/images/hous...stablished.jpg Sydney lost 7.3% over the same period, followed by Melbourne which experienced a 6.7% fall. Home prices in Brisbane, also yoked to the fortunes of the global commodities economy, fell 6.3%. Darwin saw the biggest annual increase in home prices, gaining 10.8% in the year to the end of March. And for those hoping for rental returns http://www.news.com.au/business/mone...-14327,00.html Ray White's director of property management, Ben White, said that in some markets vacancy rates had already increased to 5 per cent from the average of 2.5 per cent. Others could also increase to 5 per cent within three to four months. "Once vacancies rise, it's a matter of time before rents will soften," Mr White said. |
Re: Perth House Prices Plummet
Here's another article on house prices. Is it possible that price will fall 20% in the next 2 years?
http://business.theage.com.au/busine...0430-aoyd.html |
Re: Perth House Prices Plummet
Originally Posted by IvanM
(Post 7538734)
Sydney not lookig too hot either.
http://www.britzinoz.com/images/hous...dex-sydney.jpg |
Re: Perth House Prices Plummet
Originally Posted by ABCDiamond
(Post 7538671)
They still have some way to go if they are ever to drop back in line with where they were in 2002 compared to Sydney...
http://www.britzinoz.com/images/hous...stablished.jpg |
Re: Perth House Prices Plummet
Even Krudd's handouts and FHOG can't stop the rot.
I feel sorry for all those sheeple who have bought property recently, they are going to be in negative equity in no time at all. This is only the start. |
Re: Perth House Prices Plummet
Originally Posted by Dorutland
(Post 7538941)
Hi From this graph, does one assume that Sydney prices have stayed stable - ie: no increase or that Perth prices as a ratio of Sydney prices have gone up. If the latter, I am a little unsure as to why the Sydney prices vary from 100. Cheers
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Re: Perth House Prices Plummet
Originally Posted by renth
(Post 7538656)
I'm surprised that Rob Druitt hasn't spun this into a "Never been a better time to buy" story.
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Re: Perth House Prices Plummet
Originally Posted by northernlights
(Post 7538955)
Amazing how Sydney prices have stayed the same over the last 5 years, even throughout 'the boom'.
Meaning that Sydney has stayed in tune with the norm, whereas Perth has increased greater than the norm. If average house prices doubled nationally, but so did Sydney's then they would show no movement Stu |
Re: Perth House Prices Plummet
Originally Posted by northernlights
(Post 7538955)
Amazing how Sydney prices have stayed the same over the last 5 years, even throughout 'the boom'.
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Re: Perth House Prices Plummet
Originally Posted by northernlights
(Post 7538962)
If 25% of Perth's population died from Swine Flu, Rob Druitt would still be banging on his ' get in now' spin.:rofl:
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Re: Perth House Prices Plummet
So what happens when you take them away? Remember that existing dwellings had a 7k boost on top of the 7k FHOG.
The budget will be interesting even if the media reports conflict wildly.
Originally Posted by ABCDiamond
(Post 7538839)
Too many people buying new homes, (for the $21k grant) and not spending on the established houses...
http://www.britzinoz.com/images/hous...dex-sydney.jpg |
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