Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
What is the currant situation in QLD?
Some interesting and useful articles about the Perth property market.
https://www.mywealth.commbank.com.a...p--across-the-capitals-for-2015-infocus201501
https://www.mywealth.commbank.com.au/property/perth-property--pros-and-pitfalls-infocus201410
I think the take away of the second article is that different areas of the market will not perform the same. So you really need to know your market. I think a good example is Forrestfield, which seems to be going well at the same time other areas are struggling.
It's interesting they highlight Belmont and Rivervale as moving into oversupply. That's my reading of the local market too. Whereas, I know in other areas there is still undersupply. I think the idea of a Perth market is a bit misleading. As we have seen, there are markets within markets within markets, and they don't seem to be performing the same at all. Complicated!
Some interesting and useful articles about the Perth property market.
https://www.mywealth.commbank.com.a...p--across-the-capitals-for-2015-infocus201501
https://www.mywealth.commbank.com.au/property/perth-property--pros-and-pitfalls-infocus201410
I think the take away of the second article is that different areas of the market will not perform the same. So you really need to know your market. I think a good example is Forrestfield, which seems to be going well at the same time other areas are struggling.
It's interesting they highlight Belmont and Rivervale as moving into oversupply. That's my reading of the local market too. Whereas, I know in other areas there is still undersupply. I think the idea of a Perth market is a bit misleading. As we have seen, there are markets within markets within markets, and they don't seem to be performing the same at all. Complicated!
steve Mcknight in tonights seminar said sydney is at 11.30.
30 min left for the party, not enough enough time to finish ur drinks. his words
Melbourne what, Melbourne where? It will depend on where you a looking. My area of interest in Melbourne is north of Heidelberg. I know development sites there are going well, as are new townhouses.What about melbourne ? Where is that at ?
Development sites in White Gum Valley and Willagee? I'm just going on what my mates have told me. I have two looking in the area. I have been told there is a lack of supply. The other one is Forrestfield. I know of a couple of people looking in the area and they are having trouble finding anything.Where is the undersupply? Just curious. Not seriously looking at the moment.
Development sites in White Gum Valley and Willagee? I'm just going on what my mates have told me. I have two looking in the area. I have been told there is a lack of supply. The other one is Forrestfield. I know of a couple of people looking in the area and they are having trouble finding anything.
It might be a matter of demand. re.com.au says that Forrestfield, White Gum Valley and Willagee are 'High demand markets'. Have you seen Willagee and White Gum Valley are crazy! Average of WA is 194 page visits per property. Willagee is 466 page visits per property. White Gum Valley is 498 page visits per property!
http://www.realestate.com.au/neighbourhoods/forrestfield-6058-wa
http://www.realestate.com.au/neighbourhoods/white gum valley-6162-wa
http://www.realestate.com.au/neighbourhoods/willagee-6156-wa
Melbourne what, Melbourne where? It will depend on where you a looking. My area of interest in Melbourne is north of Heidelberg. I know development sites there are going well, as are new townhouses.
Can you please provide an update on the seminar and what he had to say, if you don't mind sharing, keen on this Thanks
Another interesting metric is the number of listings with reduced prices. For example, go to re.com.au, select 'Perth - Greater Region, WA' and key work search 'reduced' or 'reduction'. Out of 26092 Total Results:
'reduced' returns 710 results and
'reduction' returns 759 results.
I note there is some duplication between the listings, but that's still a fair number of properties with reduced prices.
Melbourne has been flying under the radar, some of the Melb posters have vanished, and I think why we are not getting too much news about this market East is hot, hot, hot
and development sites are hot, hot, hot
steve Mcknight in tonights seminar said sydney is at 11.30.
30 min left for the party, not enough enough time to finish ur drinks. his words
Could turn back up, but Residex shows growth has been slowing in Melbourne:And the nights just about to get wild in Melbourne. 10 months left peak in May 2016.
http://www.shinewing.com.au/news-and-publications/2015-federal-budget-property-insights/Land transfer duty surcharge
Foreign buyers of residential property will pay a surcharge of 3% on the greater of the purchase price or the market value of the property, in addition to any other stamp duty payable.
The surcharge will apply to contracts entered into on or after 1 July 2015 and payable at settlement.