Perth house prices poised to overtake Sydney
Nov 3rd 2006, 8:54 pm
#1
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Joined: Feb 2002
Posts: 721
Perth house prices poised to overtake Sydney
This actually made prime time news on TV tonight, so thought it would be of interest to post.
http://www.theaustralian.news.com.au...9-2702,00.html
That's a crazy 39% growth in the last 12 months alone !!!
...and only 3 years ago, Perth prices were half that of Sydney.
We sit here on the East coast, shaking our heads in disbelief.
If you bought a year ago, hats off to you guys :-)
http://www.theaustralian.news.com.au...9-2702,00.html
That's a crazy 39% growth in the last 12 months alone !!!
...and only 3 years ago, Perth prices were half that of Sydney.
We sit here on the East coast, shaking our heads in disbelief.
If you bought a year ago, hats off to you guys :-)
Nov 4th 2006, 12:31 am
#2
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Re: Perth house prices poised to overtake Sydney
Originally Posted by @boy
This actually made prime time news on TV tonight, so thought it would be of interest to post.
http://www.theaustralian.news.com.au...9-2702,00.html
That's a crazy 39% growth in the last 12 months alone !!!
...and only 3 years ago, Perth prices were half that of Sydney.
We sit here on the East coast, shaking our heads in disbelief.
If you bought a year ago, hats off to you guys :-)
http://www.theaustralian.news.com.au...9-2702,00.html
That's a crazy 39% growth in the last 12 months alone !!!
...and only 3 years ago, Perth prices were half that of Sydney.
We sit here on the East coast, shaking our heads in disbelief.
If you bought a year ago, hats off to you guys :-)
I wonder how much of that is caused by all us Brits headed for Perth ???
Nov 19th 2006, 8:08 pm
#3
Thread Starter
Joined: Feb 2002
Posts: 721
Re: Perth house prices poised to overtake Sydney
Originally Posted by @boy
That's a crazy 39% growth in the last 12 months alone !!!
...and only 3 years ago, Perth prices were half that of Sydney.
...and only 3 years ago, Perth prices were half that of Sydney.
***UPDATE ***
http://www.yourmortgage.com.au/news/index.cfm?i=5893
As of 21st November, make that 46% in the last 12 months.
Crazier and crazier :-)
Nov 19th 2006, 10:40 pm
#4
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Posts: 3,533
Re: Perth house prices poised to overtake Sydney
Bwahahahaha...we built and are now rubbing our little dannies together!! 
Just to think, we came here because it was the cheapest place to go! I know we've done really well, and I shouldn't gloat, sorry. I feel really sorry for any newbies coming over and the young couples trying to get on the ladder.
What a nightmare.
It cannot continue like this. It's got to level out and slow down at some point. The question is when though?
Just to think, we came here because it was the cheapest place to go! I know we've done really well, and I shouldn't gloat, sorry. I feel really sorry for any newbies coming over and the young couples trying to get on the ladder.
What a nightmare.It cannot continue like this. It's got to level out and slow down at some point. The question is when though?
Nov 19th 2006, 11:25 pm
#5
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Location: Lower Chittering, Perth
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Re: Perth house prices poised to overtake Sydney
I think its bloody scarey. We are ok. We bought 2 properties, sold both and bought our dream house, but my eldest son can only get a mortgage for $350,000. Last year he could have got himself a nice place............now he cant get anything!!!
Nov 19th 2006, 11:35 pm
#6
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Location: The hills, Perth WA
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Re: Perth house prices poised to overtake Sydney
That means all the poms will head to Sydney now....not 
Perth has shut up shop
Seriously, I think the investors in the perth market will start 'top calling' and cash in the gains...therefore, a flood of properties could be going up for sale shortly to try and snare the last fools!!
Perth has shut up shop
Seriously, I think the investors in the perth market will start 'top calling' and cash in the gains...therefore, a flood of properties could be going up for sale shortly to try and snare the last fools!!
Nov 20th 2006, 11:24 am
#7
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Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,468
Re: Perth house prices poised to overtake Sydney
One of several reasons I'm probably moving to QLD next year.
I've just sold my UK house and don't want to get involved in this craziness.
The "market" may value these Legoland houses on 500m2 blocks at a million dollars plus... but I don't...
I've just sold my UK house and don't want to get involved in this craziness.
The "market" may value these Legoland houses on 500m2 blocks at a million dollars plus... but I don't...
Nov 20th 2006, 6:06 pm
#8
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Re: Perth house prices poised to overtake Sydney
From the number of properties on the market in Perth at the moment I think the call has already been made.....the question is what will happen next....
Originally Posted by Muzza04
That means all the poms will head to Sydney now....not
Perth has shut up shop
Seriously, I think the investors in the perth market will start 'top calling' and cash in the gains...therefore, a flood of properties could be going up for sale shortly to try and snare the last fools!!
Perth has shut up shop
Seriously, I think the investors in the perth market will start 'top calling' and cash in the gains...therefore, a flood of properties could be going up for sale shortly to try and snare the last fools!!
Nov 21st 2006, 11:04 pm
#9
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Re: Perth house prices poised to overtake Sydney
Originally Posted by renth
One of several reasons I'm probably moving to QLD next year.
I've just sold my UK house and don't want to get involved in this craziness.
The "market" may value these Legoland houses on 500m2 blocks at a million dollars plus... but I don't...
I've just sold my UK house and don't want to get involved in this craziness.
The "market" may value these Legoland houses on 500m2 blocks at a million dollars plus... but I don't...
Thought you liked it where you are????????????
Nov 21st 2006, 11:07 pm
#10
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Re: Perth house prices poised to overtake Sydney
Originally Posted by Paul and Chloe
From the number of properties on the market in Perth at the moment I think the call has already been made.....the question is what will happen next....
The houses aren't selling as fast. A few months ago they were being snapped up in just hours. Now they sit on the Real estates books for a while..........but they are still holding their prices. People out there know that if they wait they will get the price they want!! The house over the road to us has been on the market for 5 months. They wanted $550,000 for it.............way over the top, pokey little place. They sat with it and have just sold it for the price they asked!!!
Nov 22nd 2006, 2:31 am
#11
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Re: Perth house prices poised to overtake Sydney
I think it is just a cycle that these things happen in, number of houses on the market grows, time to sell increases, then people start dropping their asking prices....some houses near us have been on the market for quite a while now, one has knocked off $500k from the original asking price and another was up for Auction and got no offers, has now put it up for sale but no interest so far.
Cheers
Paul
Cheers
Paul
Originally Posted by sj oldfield
The houses aren't selling as fast. A few months ago they were being snapped up in just hours. Now they sit on the Real estates books for a while..........but they are still holding their prices. People out there know that if they wait they will get the price they want!! The house over the road to us has been on the market for 5 months. They wanted $550,000 for it.............way over the top, pokey little place. They sat with it and have just sold it for the price they asked!!!
