Perth House Prices Plummet
May 4th 2009, 1:52 am
#1
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May 4th 2009, 2:21 am
#2
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Re: Perth House Prices Plummet
May 4th 2009, 2:31 am
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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...
May 4th 2009, 2:37 am
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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
http://www.britzinoz.com/images/hous...stablished.jpg
May 4th 2009, 3:08 am
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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
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.
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.
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.
May 4th 2009, 3:54 am
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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
http://business.theage.com.au/busine...0430-aoyd.html
May 4th 2009, 5:36 am
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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
http://www.britzinoz.com/images/hous...stablished.jpg
Last edited by Dorutland; May 4th 2009 at 5:49 am.
May 4th 2009, 5:44 am
#9
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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.
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.
May 4th 2009, 5:46 am
#10
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Re: Perth House Prices Plummet
Amazing how Sydney prices have stayed the same over the last 5 years, even throughout 'the boom'.
May 4th 2009, 5:56 am
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Re: Perth House Prices Plummet
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
May 4th 2009, 6:01 am
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Re: Perth House Prices Plummet
Sydney's economy is a lot more diversified than Perth's and a lot less susceptible to a boom or bust in one sector. It is however more of a siren as to the general state of the economy.
May 4th 2009, 6:04 am
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May 4th 2009, 6:11 am
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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.
The budget will be interesting even if the media reports conflict wildly.
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
http://www.britzinoz.com/images/hous...dex-sydney.jpg