Perth property market - a sign of the times?
May 31st 2008, 4:19 am
#32
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Joined: Jun 2007
Location: Carramar in Perth's northern suburbs
Posts: 1,129
Re: Perth property market - a sign of the times?
It was my understanding that the stamp duty comes into effect on July 1st and that people could still buy now as long as they settle after said date.
One of the major factors, apart from the interest rates of course, is that investors are dumping there investment properties because of said interest rates which is causing a massive amount of housing stock on the market. this creates the supply and demand scenario, too much stock = cheaper houses.
It's a buyers market alright and I'm in the thick of it, trying to sell and buy....
One of the major factors, apart from the interest rates of course, is that investors are dumping there investment properties because of said interest rates which is causing a massive amount of housing stock on the market. this creates the supply and demand scenario, too much stock = cheaper houses.
It's a buyers market alright and I'm in the thick of it, trying to sell and buy....
Mr Rippoff has caused a bottleneck with his tactics which is gross stupidity. When GST was first introduced the new rates and concessions applicable took effect from settlement, not from when the contract was signed. Ripoff should have made the same provision this time round with his poxy budget.
Johnno
