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Good analysis I agree with you.

I just made about $ 30000 in the last month. This is bloody stupid what chance have the young got. For Perth I have a feeling there will be a drop. Reason.... look at Metronet and go down the rabbit hole , Warwick Quarter development a high density high rise in a nice suburb. There are others planned with a relationship with the rail . I'm sure this will pull things down.

im just trapped here because I cant find a rental anywhere else in the country 🤣 probably be trapped here for life

"Quick buy now prices are going up don't miss out......" Prices start coming down "Quick buy now excellent value...."

Great video

fun fact, my 1970 $30,000 3x1 timber house in Melb just sold for $860,000 near on 29x original value. The new owners will have to restump it and 100% strip out the plumbing and wiring, a quote of at least $70,000 The last annual rental income was $30,000 a year, do the math, housing is going one way only, never south over a life time.

Spent a working holiday year in Perth in 2012! The memories are still very vivid! Planning a holiday still this year - Perth and Queensland as I never been! Probably a good trip to decide if moving there! I’m a field service engineer in the medical field in London

lets be honest here, any place not getting smashed by bombs is a doable place to live I find the social life in Oz similar to the UK, but getting a nip at a coffee shop is impossible Perth being so spread out and booze patrols on a par with the East German Stazi makes the pub scene awkward unless a $100 cab fare is locked in. But note , Perth taxi scene is a total joke most times. 10x easier just to chilli out at home and crash when you the light go out

I personally hate the perth's weather, hot summers, wet winters. rest is good.

should show more than the last 20 years to give your proposed hypothesis/theory any strength

Should you relocate to Perth? No. The place has no spare accommodation and being homeless or living in a van or tent is not a great way to live.

This is a great summary, a lot of investors sold out in Perth from 2015-19, prematurely it night seem. Perth's future looks bright, WA has the highest mean salaries in Australia yet is still one of the cheapest capital cities. Coupled with a strong local economy and net migration, this growth cycle still has a long way to run. Eventually Perth will catch up to the eastern state markets.

Love Perth, love the people, it’s amazing, Perth is rapidly growing and changing. My children are all here now, all brought homes have great jobs, it’s easy going, Perth offers loads. Meet my second husband here yip he’s Aussie 😂😂😂been here 17 years. Great video, cheers, moved from Auckland

Just wait until the iron ore bubble bursts, which is now underway. The whole economy will collapse and house prices with it.

Where are the good suburbs to purchase in perth??

Born in Perth, live in Perth, and work in Perth. Liked the early 90s Perth, houses were cheaper and affordable. Just another big city now and theyre still coming over paying astronomical prices for rentals if you can get one.

simon they dont give apartments to asians.....do you have an answer

REVENGE!!ON PERTH!! I am not your average buyers agent with high school diploma.. Did my Masters of Architecture from UTS and have developed pretty unique duplexes all around South Sydney (mainly Cronulla and Wollongong) I was never interested developing in PERTH as the Sydney market was pretty good. What crushed me!! My wife works for Sydney Water and went for a job interview at Water Corporation Perth. During the interview process the team leader told my wife sorry “we don’t hire from interstate” local residents ONLY!! When my wife called me crying I felt like the 1933 Western Australian secession referendum. I called my realestate agent and told him I don’t care if you sell my Cronulla duplex from 2mill or 2.1 … I need cash for REVENGE!! within the next 60days. Today 16 August 2024 …. I have just signed on new!! land development (beach side suburb) handover 2025 and I will personally design our holiday home WHICH WILL NEVER BE RENTED TO WA LOCAL!! only used for future job opportunities for my miss’us ❤ I love NSW!!!!!!!!!! NSW till the day I die……………………….

Australia trying to drive economy with real estate its speculative produces nothing.Australia got very little manufacturing any more and very little down stream processing of minerals Australia screwed destroyed by globalist politicians and buissiness leaders flooded with third world immigrants we don't need

It's ridiculous houses they stop any non citizens buying real estate and cut back immigration back to net zereoWho can afford 700000 dollars for a ordinarily house

Back in the day, when I purchased my first home to live-in; that was Perth in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

After last time, why the hell are still pretending its business as usual? 2020, then they tried to Imprison him, then they tried to kill him. And we're talking about polls?

Worst drivers in Australia.

Hi, I’m hoping to bring my 2 kids and partner to Perth next August as she has family in Perth and England just isn’t what we want anymore

Watch the recession and depression take dosn the property prices. There is no way Australia or Perth can dodge the reduced global demand on mining resources. Every economy is retracting or already in a recession. The prices are going to flatten out and the drop.

Fundamentals?? Simon do you understand that you are talking about it and forgot ALL what about Fundamental!! 30 year and more of Quantitative Easing and zero interest rates!! Is this enough for you? Ohh I forgot corrupt government policy scam and negative gearing and all and more than what I can even thinking! Sorry this to me is not and never will a Market, not even a boom and dust cycle but ONLY A BIG HUGE PONZI SCHEME. SO PLEASE GO Back home and look for a good activity to occupy your free time, I suggest gardening and walking in the open air that you help your old brain so much😊

Must be a real estate agent 😂

I think there is far too much bullishness and Fomo in the market. If you follow the 18.6 year property cycle we are just about to hit peak and collapse/Major recession 2025/2026, The data goes back 200 years and almost always hits all times of financial strife. Look at states in the USA now, states like Florida no one can sell their home people got far to bullish Which Mirrors The peak trend in 2007/2008. All you need to do is look at the overvaluation of AI stocks and the reflection of some Wallstreet investors like Michael Burry who is vocally talking about going long and shorting assets now. When you are seeing your real estate agents with their new BMW's and 7 houses you know it’s the end of the cycle. Smart money will sideline with deep pockets and buy from all the morons who are about to get Liquidated with their heavy amounts of overleverage.

can be you please explain how are your kids or grand kids will afford houses?

Need to pull the horse up on immigration/overseas investors imo.

I think the property market will crash no one can afford to buy it will become stagnant ,young people can’t afford to buy houses so they will stop having kids for this reason even though you bring in immigrants there’s no houses for them and they probably can’t afford houses either our kids are back at home as they can’t afford a place wages can’t keep up

We are so heavily reliant in the mining sector here in WA. The mining sector is so heavily reliant on world economies. With the way politcal alliances are currently being formed, our economy might be affected by political moves which are out of our control. The housing market might be the least of our concerns.

In Australia the Leftist ALP Government has ushered in Mass Immigration together with foreign buyers (Indian & Chinese) buying out Australian homes. This has supercharged demand outstripping supply. Destroying the aspirations of young Australians being able to own a home. Rentals have also sky rocketed as is homelessness. Treasonous!

Suspect you might be right…hope so! Don’t see it slowing down here soon

The housing market will come to crash soon can expect it will stay as is.

I came to perth in 1973 after travelling overland from the uk. After working in the pilbara in the iron mines.i have left a few times but always return it is a great place to live .i have two children and six grandchildren who all live in perth. I have travelled around australia three times and think west australia is the best place to live not just in australia but the world!!!

PERTH IS SO ISOLATED AND BORING...I PREFER TO BE IN SYDNEY OR TEXAS DALLAS...AUSTRALIA IS BECOMING SO EXPENSIVE.

Is it really growth or is it just all inflation?

With job lay off I say we will nose dive in Perth real soon

The best thing about Perth, and there are many, is the consistent weather. From November to March, you can be guaranteed the weather will be perfect. It is due to the lack of mountains. It means you can arrange a barbeque weeks in advance knowing for sure the weather will be perfect. We moved here ten years ago from the UK and it's been the best decision of our lives. Literally everything is better than it was: work, money, lifestyle, schools, health, everything. Best of all, I can still watch Tottenham play almost every game live, and Formula One races, something I couldn't do on the east coast.

Good info. Thank you

Hey mate isn't median 800 k. Will we meet oxford estimate at 1 mil. Will Perth trend the ,18.6 year cycle

Hi Simon - needed to check if there are good opportunities for hr professionals in perth.I will be travelling to Australia on a 491 visa.Please advise.

The currencies around the world are being debased at an average of 15% a year. In nominal terms housing should continue to grow with the debasement everywhere. Until it doesn't, Governments said we needed inflation, they certainly gave it to us.

Informative to me.

Perth is windy by the coast. Can’t go to the beach after midday when the freo doctor is in. Nearly no humidity because of the doctor .

Perth is the furthest place I can go from where I am now. If I was able to dig a hole straight through to the exact opposite side of the earth I would be just off the coast of Perth.

This is the reason why I have stayed in Perth

Heading that way in November, Australia is known for everything that can kill you. Is it really like that?

Heading that way in November, Australia is known for everything that can kill you. Is it really like that?