Westpac red book just released
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Westpac red book just released
got a link to the full source?
Looks like a lot of people got Sydney wrong in 2011. Massive spike in expectations that prices will fall, just before they boomed. Oops!
Going by past performance therefore, Perth will boom over the next few years!
Yes keep the Perh bubble hopes alive and frothing! It's just like Sydney - full of promise!
(I make no interpretation of the graphs provided. It's for information purposes only.)
You really think there's a bubble in perth property? It can be argued it is slightly overpriced but a bubble? You do know that relative to income perth is the most affordable it has been in a while don't you?
You really think there's a bubble in perth property? It can be argued it is slightly overpriced but a bubble? You do know that relative to income perth is the most affordable it has been in a while don't you?
Don't panic... you are spot on...II'm generally not a big fan of river vale despite its providing to everything but I believe some new 2 bedders dipped below 400k (someone correct me if I'm wrong) and that's good buying
Don't panic... you are spot on...
$390k for for a 2x1 http://www.realestate.com.au/property-unitblock-wa-rivervale-117696511
2 bedroom x 1 bathroom apartment From $395k http://www.realestate.com.au/property-apartment-wa-rivervale-119234219
I don't much like Rivervale either, but it has it's location going for it... the Roberts Road one is walking distance to Crown, Lathlain oval and even Vic Park train station. Well, I would walk to the station anyway.
Sanj
Do you think its your product that stands out, price point, location, therefore getting the interest??
I ask because I noticed the market in Spearwood (villas) dropped off some six months into my build and did not really think they would sell or I would have to drop my price significantly, it surprised me when they all sold in 4 weeks for higher than expected.
I also think there are some markets in Perth that are doing OK, its a mixed bag really.
MTR
As far as I know, it is a mix. I know one developer who keeps a couple of apartments in each development to rent out. I also know a couple of owner occupiers in the area who love their apartments.Rivervale has had a huge chunk of apartments go up. I think prices are set to fall with the massive supply. It's hugely convenient, yes, but a lot has gone up in the last year. I don't have much knowledge in real estate, but who generally buys these small OTP apartments? Investors or owner occupiers?
As far as I know, different buyers. There are some people who just do not want any yard at all to look after and who like the security of apartment buildings. Of course the $150k price difference is attractive too.In (top end) Rivervale you can buy a liveable 3bd house on a 700sqm block for approx $550k. Surely that is better value? Or am I talking about two completely different sets of buyers?
As WA Treasurer Mike Nahan said, Western Australia has ?one of the brightest futures in the developed world?. Perth is being upgraded, the quality of life lifted to become a vibrant, dynamic place to rival any other modern city in the world, and investors can have confidence in the Perth property market.
When in Perth, look for coffee. It indicates how's "vibrant" it is. Good luck finding an open cafe on a public holiday.
When in Perth, look for coffee. It indicates how's "vibrant" it is. Good luck finding an open cafe on a public holiday.
Good luck finding an open cafe on a public holiday.