Perth House prices Plunge
 

Where's Rob Druitt when you need him?
http://www.watoday.com.au/wa-news/ho...0114-7gry.html

Re: Perth House prices Plunge
 

Excellent, I hope they keep plunging, I would love a little weekender down south. At this rate I'll be able to afford one within a year or 2. Especially if we get deflation, I'm laughing.

Re: Perth House prices Plunge
 

Interesting that this 11% is nearly as high as the UKs 12% (and Perth's 11% has been before the mining unemployment really bites)

Re: Perth House prices Plunge
 

Perth is way overpriced, who can afford these inflated prices? Certainly not the migrating Poms. An average UK home now costs £199K GBP which gives you roughly $430K AUD, which buys you a less than average home in the Northern Suburbs of Perth.......the most remote City in the world!

Gone are the days where you could swap the two up/two down terrace in the UK for a big ocean view house in Sorrento:rofl:

THE PERTH HOUSE PLUNGE IS GOING TO GET ALOT WORSE!!

Re: Perth House prices Plunge
 

Wheres a Saf when you need one;)

Re: Perth House prices Plunge
 

I take your point but not a strictly fair comparison though is it? Whats the average house price in the WHOLE of Australia. That would be the comparison with average UK. Average Perth should really be compared to average city in UK - but which one? There are huge differences within the UK.
Where I lived in UK the average house price is probably in excess of 500K GBP so moving to Bunbury (or thereabouts) I was one of the "lucky" one's.
Moving from one the more depressed UK centres to booming Perth will be a big step up - as it would be moving to SE England.
Last figures (Dec) for where I am showed 0.5% growth so holding on ok.

Re: Perth House prices Plunge
 

thats if you want to live here

there are houses that are reasonabily priced here in Perth if you want to live elsewher to the northan suburbs

houses up here in the hills are now selling fairly quickly (compared to not at all) some reasonably priced some dearer....depends on where you want to go and what you want to pay

Re: Perth House prices Plunge
 

Conspicuous by his absence...:sneaky:

Re: Perth House prices Plunge
 

I remember the same thing happening in the UK in about 1991, house prices crashed overnight......it picked up again after a few years

Re: Perth House prices Plunge
 

Well the Geraldton-Greenough bit is spot on. House prices still high here and not budging. Still plenty of house building going on too.

Gems

Re: Perth House prices Plunge
 

Yes our neighbour sprang back from negative gearing in 2003 only 12 years later:rofl:

Re: Perth House prices Plunge
 

I think you will find the average price of uk housing now is around £160,000

Re: Perth House prices Plunge
 

saw some geezer on telly the other day on about "historically housing in AUS was linked to 3.5 times average salary" this seems to have gone out the window a bit.Went a few homes open the other day the agents seem to be singing a different tune than 6 months ago ie "this is only a temporary price drop" it was more. "Make an offer they wont turn you down".

Re: Perth House prices Plunge
 

Halifax figures - Dec 2008 159,896 (vs 199,700 peak in Aug 2007)

Re: Perth House prices Plunge
 

forgot to say they are Halifax figures ,spot on for finding it:thumbup: