You’re the only one saying keep buying. Other buyers agents are looking elsewhere. AFR saying Perth to be the out performer through to 2027 of any other city. Good job Jarrod
@@birtlee2078 check this episode out for my analysis on timing of the cycle and why I think there is much more ahead: ua-cam.com/video/ctdouU64-w4/v-deo.htmlfeature=shared
This boom feels like its never going to end. But clearly, looking at the past, it will. But what causes booms to start and stop? Why was the vacancy rate as high as 7% a few years ago! But almost zero now? 17,000 listing in 2018? Yet almost nothing now! What made the market change? It's a mystery to me.
It felt like the down period was never going to end too… it’s the nature of cycles and our economy, availability of finance, business, share market and real estate… they all go through cycles and work off each other. -Jarrad
People will be living in tents more and more ,what’s driving the market (greed ) young people can’t afford to buy a house in Perth or any other state ,camping shops will do ok selling tents ,property market is stagnant ,even people won’t renovate materials are expensive
5:02 can you clear something up for me Jarrod. If land is supposed to be the thing that goes up and the building depreciates, then why is land median price flat for 10 years and houses go up. That flies in the face of that myth doesn’t it?
Hello! The underlying value of land has been going up but there has been very little land selling or being created in higher priced areas to reflect in the median land price, which has mostly been driven by lower priced land in outer land estates selling and keeping the median price low. As subdivision becomes more viable, more higher priced land will get created and the median price will go up.
@@InvestorsedgeAu it sounds me like it’s one of those things that can’t be measured then. The land graph represents land sales, yet the land values under a house can’t be graphed, hence the guesstimate. Interesting. Thanks for replying
You are by far the best Perth real estate commentator in the game, covering absolutely everything!! such an underrated podcast, good job man 👏
Thanks for tuning in Matt, glad you found it useful 👍🏻 Jarrad
You’re the only one saying keep buying. Other buyers agents are looking elsewhere.
AFR saying Perth to be the out performer through to 2027 of any other city.
Good job Jarrod
Perth has peaked - I fear a correction - but when - I’m not sure!
@@birtlee2078 check this episode out for my analysis on timing of the cycle and why I think there is much more ahead: ua-cam.com/video/ctdouU64-w4/v-deo.htmlfeature=shared
Thanks for your great insights! Can you do videos for regional WA as well? Thanks.
This boom feels like its never going to end. But clearly, looking at the past, it will. But what causes booms to start and stop?
Why was the vacancy rate as high as 7% a few years ago! But almost zero now?
17,000 listing in 2018? Yet almost nothing now! What made the market change?
It's a mystery to me.
It felt like the down period was never going to end too… it’s the nature of cycles and our economy, availability of finance, business, share market and real estate… they all go through cycles and work off each other. -Jarrad
I just bought so a crash is probably imminent
People will be living in tents more and more ,what’s driving the market (greed ) young people can’t afford to buy a house in Perth or any other state ,camping shops will do ok selling tents ,property market is stagnant ,even people won’t renovate materials are expensive
What’s driving the market ?
Labours immigration policies 👍
5:02 can you clear something up for me Jarrod. If land is supposed to be the thing that goes up and the building depreciates, then why is land median price flat for 10 years and houses go up. That flies in the face of that myth doesn’t it?
Hello! The underlying value of land has been going up but there has been very little land selling or being created in higher priced areas to reflect in the median land price, which has mostly been driven by lower priced land in outer land estates selling and keeping the median price low. As subdivision becomes more viable, more higher priced land will get created and the median price will go up.
@@InvestorsedgeAu it sounds me like it’s one of those things that can’t be measured then. The land graph represents land sales, yet the land values under a house can’t be graphed, hence the guesstimate. Interesting. Thanks for replying
Awesome ep Jarrad! Such great insight into the current Perth market!
I can see the end now