Uni student numbers will dramatically reduce next year, alot of places will be available to rent. Currently 40,000 that will reduce dramatically with Murdoch losing 38 % or 2000 students being stopped.
I think now it is reaching peak but mainly because I feel people are waiting for what the RBA will do due to people wanting their borrowing power to increase. A neighbour is trying to sell their house and it’s been on the market for 4 weeks and they have dropped their prince from 1.25 mil to 1.1 mil. 6 months ago a house in our neighbourhood would be on market for 10 days max. That’s when I noticed that things might be cooling until the RBA makes a new decision 🙂↔️
Vacancy rates are still super low. Rents are still going up. Days on market have increased slightly, but that could be due to spring/summer selling. I don’t think a quarter percent rate drop is going to have much of an impact. Wages haven’t gone up, so affordability is still an issue. And mining has dropped off. I think it will start to slow and hold steady for a while.
never ever thought in my life time a crappy 3x1 on the beach 16 kms from the city would ever be worth $2 million. Really don't know if I should sell or subdivide my 2200 sqM block?
Means nothing for normal mortgage holders, if we wake up tomorrow and the house prices have doubled. It creates a false sense of profit 'equity', just means more people will take out more debt against their homes. Watch the fall in the coming years
@ Liberal policy is to ban foreign ownership and drastically reduce the temp visa numbers. This will stop residential price growth dead in its tracks in both capital value and rents. Demand for Multi unit developments will evaporate.
Uni student numbers will dramatically reduce next year, alot of places will be available to rent. Currently 40,000 that will reduce dramatically with Murdoch losing 38 % or 2000 students being stopped.
Yes listings have increased dramatically in the last two weeks.
Going strong still. It will be kerosene on the fire when interest rates drops early next year or before.
But rates aren’t dropping early year. I’d be very surprised if they drop in the first 6 months.
I think now it is reaching peak but mainly because I feel people are waiting for what the RBA will do due to people wanting their borrowing power to increase. A neighbour is trying to sell their house and it’s been on the market for 4 weeks and they have dropped their prince from 1.25 mil to 1.1 mil. 6 months ago a house in our neighbourhood would be on market for 10 days max. That’s when I noticed that things might be cooling until the RBA makes a new decision 🙂↔️
Millennial that missed the boat in the Perth market. At this rate I'll be retiring in S.E Asia.
You’ll have much more Superannuation than us, think you’ll be able to pay off your mortgage at retirement easily
Vietnam is the place, cheap, friendly, great food and the women....
Vacancy rates are still super low. Rents are still going up. Days on market have increased slightly, but that could be due to spring/summer selling.
I don’t think a quarter percent rate drop is going to have much of an impact.
Wages haven’t gone up, so affordability is still an issue. And mining has dropped off.
I think it will start to slow and hold steady for a while.
Another 4-5 years, at least.
Busting
never ever thought in my life time a crappy 3x1 on the beach 16 kms from the city would ever be worth $2 million. Really don't know if I should sell or subdivide my 2200 sqM block?
Great video mate, if you are the first home buyer, would you like to buy house in perth now?
Too many people moving to perth shortage of housing as they say you need education boy ..
Many suburbs in perth past 1 to 2 million again you need education boy!!
Already past the peak. Listings have increased 30% in the last month. More downside to come as China slows due Trump policies.
Already bust!
Ponzi
Means nothing for normal mortgage holders, if we wake up tomorrow and the house prices have doubled. It creates a false sense of profit 'equity', just means more people will take out more debt against their homes.
Watch the fall in the coming years
Thank you for your comment
Overpriced Dullsville , just a matter of time look at history ! 😮
Not a fan of Perth I take it... @naidoo307
Nope… it’s got years left! It’s the only state with value still
Thanks for watching, Perth will be an interesting market to observe moving forward.
Immigration. The rest is just noise.
2.7m temp visa holders in Australia. They all have to live somewhere.
Will be interesting to see gov policies moving forward on immigration
@
Liberal policy is to ban foreign ownership and drastically reduce the temp visa numbers. This will stop residential price growth dead in its tracks in both capital value and rents. Demand for Multi unit developments will evaporate.