Perth house prices skyrocket
May 25th 2006, 6:26 am
#1
Fighting my corner
Thread Starter
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Perth house prices skyrocket
But you knew that anyway. 
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
In Hobart, prices are up 3.4 per cent, while Darwin has recorded a rise of 3 per cent.
Prices in Adelaide are up 2.4 per cent.
Melbourne and Canberra have recorded very small rises of 0.8 per cent and 0.2 per cent respectively.
By contrast, Sydney house prices are down 1.2 per cent.
Brisbane's index is unchanged.
Source.
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
In Hobart, prices are up 3.4 per cent, while Darwin has recorded a rise of 3 per cent.
Prices in Adelaide are up 2.4 per cent.
Melbourne and Canberra have recorded very small rises of 0.8 per cent and 0.2 per cent respectively.
By contrast, Sydney house prices are down 1.2 per cent.
Brisbane's index is unchanged.
May 25th 2006, 6:32 am
#2
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: Perth house prices skyrocket
thats exactly why we have just bought somewhere rather than rent again. If we had left it much longer we would not have been able to buy the kind of house we want in a suburb we want to live in. I feel sorry for the young folk of perth who are struggling to get on the housing ladder.
May 25th 2006, 6:35 am
#3
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Perth house prices skyrocket
Originally Posted by Vash the Stampede
But you knew that anyway.
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
May 25th 2006, 6:42 am
#4
Mozzie magnet
Joined: Jan 2004
Location: Brisbane 'burbs
Posts: 1,690
Re: Perth house prices skyrocket
Originally Posted by Vash the Stampede
By contrast, Sydney house prices are down 1.2 per cent.
May 25th 2006, 7:25 am
#5
BE Enthusiast
Joined: Oct 2005
Location: Beautiful Mindarie WA
Posts: 320
Re: Perth house prices skyrocket
Originally Posted by Vash the Stampede
But you knew that anyway.
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
In Hobart, prices are up 3.4 per cent, while Darwin has recorded a rise of 3 per cent.
Prices in Adelaide are up 2.4 per cent.
Melbourne and Canberra have recorded very small rises of 0.8 per cent and 0.2 per cent respectively.
By contrast, Sydney house prices are down 1.2 per cent.
Brisbane's index is unchanged.
Source.
Now let's compare it with the rest of the nation:
The explosion of mineral wealth in Western Australia has shown up in a quarterly rise of 8.8 per cent in Perth house prices.
It is Perth's biggest quarterly increase since the survey started in 2002 and the annual increase is almost 29 per cent.
In Hobart, prices are up 3.4 per cent, while Darwin has recorded a rise of 3 per cent.
Prices in Adelaide are up 2.4 per cent.
Melbourne and Canberra have recorded very small rises of 0.8 per cent and 0.2 per cent respectively.
By contrast, Sydney house prices are down 1.2 per cent.
Brisbane's index is unchanged.
Good post,
K
May 25th 2006, 8:02 am
#6
Guest
Posts: n/a
Re: Perth house prices skyrocket
Cool. We're off to Brisbane next month.
May 25th 2006, 8:06 am
#7
BE Forum Addict
Joined: Jul 2005
Location: Poole, Dorset
Posts: 1,217
Re: Perth house prices skyrocket
Good post.
We are off to Brisbane but probably not until next year as we are just starting out with the whole process. I haven't they haven't changed too much buy then.
We are off to Brisbane but probably not until next year as we are just starting out with the whole process. I haven't they haven't changed too much buy then.
May 25th 2006, 5:17 pm
#8
Fighting my corner
Thread Starter
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: Perth house prices skyrocket
Cheers, guys.
Just thought I would reassure everyone that house prices aren't going mad everywhere.
Just thought I would reassure everyone that house prices aren't going mad everywhere.
May 26th 2006, 3:16 am
#9
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Perth house prices skyrocket
Originally Posted by chels
Can you add a '0' after the 1 please? I haven't seen much evidence of a 'price crash' in Sydney unfortunately
May 26th 2006, 4:01 am
#10
Fighting my corner
Thread Starter
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: Perth house prices skyrocket
Originally Posted by steve99
Agree they dont half no how to hype things up, there's certainly been no crash, no growth on average fair enough but not a crash, I was told that since things started to slow down in Sydney the drop has only actually been 5.9%. Thats nothing.
May 26th 2006, 4:15 am
#11
Mozzie magnet
Joined: Jan 2004
Location: Brisbane 'burbs
Posts: 1,690
Re: Perth house prices skyrocket
Originally Posted by Vash the Stampede
I wasn't aware that anyone had said anything about a "crash." I certainly haven't heard anybody predicting one.
Did a quick google search. Found the above on an real estate agent's website http://www.abelrealty.com.au/news/pricestability.htm
It's from 2004 - when we first arrived in Australia - and thought that an adjustment of house prices to reflect real wages, and to make them more affordable, would be a very good thing. Oh well
