The last part on "source of free data" is such a goldmine, that's why I always watch these videos & skip over other channels here & there. It can get overwhelming with all the other channels but I know I can always find juicy tidbits on this one, thanks!
Hi @gamificationoflife! Thank you so much for your kind words! We're thrilled to hear that you find our content valuable and that our videos stand out for you. We aim to provide the most insightful and helpful information possible. Thanks for being a loyal viewer, and stay tuned for more!
Do I see it correctly, that end of the boom in all those respective cities didn’t actually impacted price? It seems from your charts that both Sydney and Hobart just went back 12 months or so as just before peak prices, but never more than that. Also, they just grew from there in next 12 months surpassing previous peak. But in Perth in 2014, it took 6-7 years to surpass previous peak…. so only benefit of post boom era was more days on the market, to give you more time to decide rather than actually get better price, correct?
Hi @MatejSpeedFit, While the end of the boom could cause price decline, the decline won’t be huge as long as the economy is healthy, like what you saw in Sydney and Hobart. It took Perth 8 years to surpass the last peak because the economy was significantly weakened after the mining boom. We just showed 3 capital cities here, in many regional cities where prices do not fluctuate dramatically, the end of a boom just means lower growth, not decline. Buying post boom does give you more time to decide, more negotiation power, and likely a better price (because of market decline and/or through negotiation). However, as it takes time for the market pressure to recover, short-term growth won’t be as good as the markets in earlier phases of their growth cycle. Hope this helps. Thanks for watching and stay tuned for more.
none of the property podcasts are mentioning iron ore and commodities crashing having a effect. unemployment going up in Perth. there is still a supply and demand issue but demand is lowering compared to 12 months ago. all real estate and property pages are trying to give as much fomo as possile and get people to keep buying.
I put a similar comment in as well. Iron ore and other commodities are the true leading indicator for Perth and in general there was no mention of its obvious link with the market in this video, this is where Perth differentiates itself to the other cities.
Exactly! People over east or overseas, or who have only recently moved here, have no idea about Perth being a boom/bust market driven by mining. It can't be compared to Sydney at all, it's a completely different city and economy.
Hi @Shanewilliams, We agree with you on Perth’s heavy reliance on mining. That’s why we’re not encouraging investors to buy in Perth, or other mining reliant markets, unless they already have a scaled portfolio. Perth is doing well these years not only because of the surge in iron ore surge, but also because of its affordability and cycle position. In this episode we try to show the most direct indicators that can help buyers identify the end of a property boom. In practice, many economic indicators are helpful - and we monitor them too - including commodity prices, unemployment rates, GDP growth, population and migration trends, and more. However, these influencers are not as precise as market indicators in estimating price trends. Hope you enjoyed watching and stay tuned for more!
Hi Shane, whilst mining is still a factor in the Perth housing prices , I believe a few things have changed since the last crash.Firstly Western Australia has become a highly desirable place to live with its beautiful coastline and it's climate. Secondly the economy has been diversified and is no longer fully dependent on mining. Lastly the public transport has been upgraded bringing world class infrastructure to Perth with three new train lines to open within the next year. Overall all these factors are attracting new immigration and putting pressure on the housing market.
Looking at the latest CoreLogic cycle graph shows Perth reaching its peak. The spring sales will be interesting. I expect units to boom, as they’re affordable to people priced out of the housing market.
Hi @MujahidHussain-ci3wq! Great question! The Perth market is currently experiencing strong growth, and while decreasing inflation and interest rates can impact the market, predicting the exact end of a boom is challenging. We’ll continue to monitor these trends and provide insights as the situation evolves. Stay tuned for more updates!
Hi @Kavthe6yrdrummer! Thanks for your question! We’ll consider covering it in a future video. Stay tuned for more insights and analysis on different regions!
Rental growth has plateaued here based on affordability, like many other eastern investment “hotspots”. So long as you’re buying knowing this in mind it could be a good bet. My personal preference is more central but good value for money there. Would take costal Rockingham/waikiki etc over baldivis any day of the week
I have no clue about all these, sorry if I am asking the wrong question but can you tell me what will happen if the dollars crash 50%, what will happen to Perth market?
Thank you for your question @joejo7698. Not sure how realistic the question is. I’ve never seen AUD crashing by 50% in a short time. The steepest crash in the past 20 years was during the GFC - down by 33% from Jun 08 to Feb 09. Perth’s house prices declined by 11% in 2008 and then surged by 19% in 2009. So if we’re talking about a short-term shock, its impact on the property market will be short-lived too. However, if you’re talking about potentially weakening AUD in the medium to long term because of the weakening demand from China, WA would be one of the most impacted as their economy relies on China the most. In that case, Perth’s property market could be slowing down together with the economy, but that won’t last forever - the economy will eventually adjust and thrive again, like what we saw in 2020.
Hi @AA.AA.399! Thanks for sharing your thoughts! It’s definitely an exciting time for Perth’s property market. We’re keeping an eye on the trends and look forward to discussing the ongoing developments. Stay tuned for more insights!
Hi @yonashabtom810, We source our data through many sources including Housing Australia, ABS etc. Other then that, stay tuned to our channel for more Australian Property Market videos.
Hi @satendertokas4713! Thanks for your question! We’ll consider diving into a more detailed analysis in a future video for Halls Head. Stay tuned for more insights!
Can you see? The graph movement is not proportionate or scale each other increase or decrease? They are not really correct indicators. The right one, currently days in the market in perth is just less than 14 days... demand is more than supply because lack of builders. The price will slow down after hitting $800k and will go down after or close $1 million due to affordability issue... regardless demand/supply...
Hi @af7567! Thanks for your comment! It’s interesting to see how Perth has had its ups and downs over the years. The recent performance is certainly noteworthy. We'll keep an eye on how things evolve and share more insights soon!
The property market will slow down when immigration stops, when offshore investors stop poring funds into the market & unstable or politically backward countries like China, India, the middle east & other outliers become attractive retirement addresses. Not before so not anytime soon.
Perth is way to ober heated. Most places negatively geared as most houses are 650 k plus. I think there is value in lerth but investment is at 40 percent so is volatile, there probably sklwer growth over the next 10 years so be mindful of overpaying in Perth
Hi @d.j.z.j! Thanks for sharing your perspective on the Perth market. We’ll continue to provide updates and insights on Perth’s evolving market. Stay tuned!
Hi @birtlee2078! Thanks for sharing your perspective! The market can be quite unpredictable, and it's always interesting to hear different viewpoints. We'll keep monitoring the trends and discuss any significant changes in our future content. Stay tuned!
More properties coming on market around 700-800k. 1.6M plus are sitting now for weeks. Some unliked properties have passed 4 weeks. Idiots left to buy these. The final idiots. Maybe from Sydney. Perth is cooked. Perth market can turn much much faster than east coast, because it’s easier for migrating to swing back to home states when their markets steady out like Melbourne
The last part on "source of free data" is such a goldmine, that's why I always watch these videos & skip over other channels here & there. It can get overwhelming with all the other channels but I know I can always find juicy tidbits on this one, thanks!
Hi @gamificationoflife! Thank you so much for your kind words! We're thrilled to hear that you find our content valuable and that our videos stand out for you. We aim to provide the most insightful and helpful information possible. Thanks for being a loyal viewer, and stay tuned for more!
Very clearly articulated. Thanks!
Thanks for your comment @bRightAgent_Aus!
Do I see it correctly, that end of the boom in all those respective cities didn’t actually impacted price? It seems from
your charts that both Sydney and Hobart just went back 12 months or so as just before peak prices, but never more than that. Also, they just grew from there in next 12 months surpassing previous peak. But in Perth in 2014, it took 6-7 years to surpass previous peak…. so only benefit of post boom era was more days on the market, to give you more time to decide rather than actually get better price, correct?
Hi @MatejSpeedFit, While the end of the boom could cause price decline, the decline won’t be huge as long as the economy is healthy, like what you saw in Sydney and Hobart. It took Perth 8 years to surpass the last peak because the economy was significantly weakened after the mining boom. We just showed 3 capital cities here, in many regional cities where prices do not fluctuate dramatically, the end of a boom just means lower growth, not decline.
Buying post boom does give you more time to decide, more negotiation power, and likely a better price (because of market decline and/or through negotiation). However, as it takes time for the market pressure to recover, short-term growth won’t be as good as the markets in earlier phases of their growth cycle.
Hope this helps. Thanks for watching and stay tuned for more.
It is correct... the whole chart is wrong... the numbers are not proportionate.. professionals do not look at those chart
Great content.
Perth/WA boom still got legs.
Hi @jem6411! Thank you for the feedback! It's great to hear your thoughts on the Perth/WA market. Stay tuned for more updates and insights!
none of the property podcasts are mentioning iron ore and commodities crashing having a effect. unemployment going up in Perth. there is still a supply and demand issue but demand is lowering compared to 12 months ago. all real estate and property pages are trying to give as much fomo as possile and get people to keep buying.
I put a similar comment in as well. Iron ore and other commodities are the true leading indicator for Perth and in general there was no mention of its obvious link with the market in this video, this is where Perth differentiates itself to the other cities.
Exactly! People over east or overseas, or who have only recently moved here, have no idea about Perth being a boom/bust market driven by mining. It can't be compared to Sydney at all, it's a completely different city and economy.
Hi @Shanewilliams, We agree with you on Perth’s heavy reliance on mining. That’s why we’re not encouraging investors to buy in Perth, or other mining reliant markets, unless they already have a scaled portfolio. Perth is doing well these years not only because of the surge in iron ore surge, but also because of its affordability and cycle position. In this episode we try to show the most direct indicators that can help buyers identify the end of a property boom. In practice, many economic indicators are helpful - and we monitor them too - including commodity prices, unemployment rates, GDP growth, population and migration trends, and more. However, these influencers are not as precise as market indicators in estimating price trends. Hope you enjoyed watching and stay tuned for more!
Hi Shane, whilst mining is still a factor in the Perth housing prices , I believe a few things have changed since the last crash.Firstly Western Australia has become a highly desirable place to live with its beautiful coastline and it's climate. Secondly the economy has been diversified and is no longer fully dependent on mining. Lastly the public transport has been upgraded bringing world class infrastructure to Perth with three new train lines to open within the next year. Overall all these factors are attracting new immigration and putting pressure on the housing market.
$100 per tonne on iron ore is not a price crash. Gold is holding up well. Not enough to dampen real estate prices yet
Looking at the latest CoreLogic cycle graph shows Perth reaching its peak. The spring sales will be interesting. I expect units to boom, as they’re affordable to people priced out of the housing market.
Thanks for your comment @badonkadonkskidz. We will keep you updated on any future trends stay tuned!
I hope so. I've seen over 30% growth in less than a year already with high 7% yields and rents still rising.
Any idea when perth booming maket will end, inflation is going down, interest rate is gking down , looks like housing prices are in bullish trend.
Hi @MujahidHussain-ci3wq! Great question! The Perth market is currently experiencing strong growth, and while decreasing inflation and interest rates can impact the market, predicting the exact end of a boom is challenging. We’ll continue to monitor these trends and provide insights as the situation evolves. Stay tuned for more updates!
Thoughts on Rochingham WA LGA?
Hi @Kavthe6yrdrummer! Thanks for your question! We’ll consider covering it in a future video. Stay tuned for more insights and analysis on different regions!
Rental growth has plateaued here based on affordability, like many other eastern investment “hotspots”. So long as you’re buying knowing this in mind it could be a good bet. My personal preference is more central but good value for money there. Would take costal Rockingham/waikiki etc over baldivis any day of the week
how do you see the market now compared to when this video was made? listings are up? will iron ore prices crash?
Listings are up but not much when compared to the 5-7-10 year averages
I have no clue about all these, sorry if I am asking the wrong question but can you tell me what will happen if the dollars crash 50%, what will happen to Perth market?
Thank you for your question @joejo7698. Not sure how realistic the question is. I’ve never seen AUD crashing by 50% in a short time. The steepest crash in the past 20 years was during the GFC - down by 33% from Jun 08 to Feb 09. Perth’s house prices declined by 11% in 2008 and then surged by 19% in 2009. So if we’re talking about a short-term shock, its impact on the property market will be short-lived too. However, if you’re talking about potentially weakening AUD in the medium to long term because of the weakening demand from China, WA would be one of the most impacted as their economy relies on China the most. In that case, Perth’s property market could be slowing down together with the economy, but that won’t last forever - the economy will eventually adjust and thrive again, like what we saw in 2020.
Property Boom in Perth is just starting. It still way too early to discuss when it will be over. 🤫
Hi @AA.AA.399! Thanks for sharing your thoughts! It’s definitely an exciting time for Perth’s property market. We’re keeping an eye on the trends and look forward to discussing the ongoing developments. Stay tuned for more insights!
if iron ore crashes it could be a black swan
This is unlikely has China just announced trillion $ stimulus package to encourage growth @@shanewilliams6186
@@shanewilliams6186This is unlikely has China just announced trillion dollars stimulus package to encourage growth.
Shortages of rentals housing in perth and builders from what I read educate yourself Chinese
Anyone know any good book that covers the metrices that covered here, with historical figures on the Australian property market...
Hi @yonashabtom810, We source our data through many sources including Housing Australia, ABS etc. Other then that, stay tuned to our channel for more Australian Property Market videos.
Views on Halls Head ?
Hi @satendertokas4713! Thanks for your question! We’ll consider diving into a more detailed analysis in a future video for Halls Head. Stay tuned for more insights!
Great insights and resources
@@jan11162 thank you soo much!
Can you see? The graph movement is not proportionate or scale each other increase or decrease? They are not really correct indicators. The right one, currently days in the market in perth is just less than 14 days... demand is more than supply because lack of builders. The price will slow down after hitting $800k and will go down after or close $1 million due to affordability issue... regardless demand/supply...
Is the gravy train ever going to stop in the west ? People are feeling like millionaires over here, I’m thinking of getting a gold plated toilet seat
Thanks for your comment @Keep_calm_and_slave_on!
This analysis is rife for GenAI to help plot the data.
Thanks for your comment @blezza11teen
Perth awesome for the current two yrs but underperformed for the last 15 years.
Hi @af7567! Thanks for your comment! It’s interesting to see how Perth has had its ups and downs over the years. The recent performance is certainly noteworthy. We'll keep an eye on how things evolve and share more insights soon!
The property market will slow down when immigration stops, when offshore investors stop poring funds into the market & unstable or politically backward countries like China, India, the middle east & other outliers become attractive retirement addresses.
Not before so not anytime soon.
Thanks for sharing your opinion @arfajob4246.
Perth is way to ober heated. Most places negatively geared as most houses are 650 k plus. I think there is value in lerth but investment is at 40 percent so is volatile, there probably sklwer growth over the next 10 years so be mindful of overpaying in Perth
Hi @d.j.z.j! Thanks for sharing your perspective on the Perth market. We’ll continue to provide updates and insights on Perth’s evolving market. Stay tuned!
@@investorkit do you still feel it's wise to invest atm in the current cycle
You talk from your crack shortage of housing in perth Chinese
Perth will drop 20% in next 2 years. The early signs are already there!
Hi @birtlee2078! Thanks for sharing your perspective! The market can be quite unpredictable, and it's always interesting to hear different viewpoints. We'll keep monitoring the trends and discuss any significant changes in our future content. Stay tuned!
You talk from your crack there is shortage of housing in wa Chinese
LOL no it will not
More properties coming on market around 700-800k. 1.6M plus are sitting now for weeks. Some unliked properties have passed 4 weeks. Idiots left to buy these. The final idiots. Maybe from Sydney. Perth is cooked. Perth market can turn much much faster than east coast, because it’s easier for migrating to swing back to home states when their markets steady out like Melbourne
Thanks for your comment @craig3949.