This guy has no idea... No idea of what is ahead for the Rockingham area and clearly no understanding of mining, its drivers or the Perth property market. Sounds like another salty eastern states property investor who missed out on the first stage of the Perth boom.
Takes times as the mining downturn is recent and Perths market is booming from east coast investors who will keep buying until main stream media say Perth is going down
Clearly you don't live in Perth. I can tell by the fact that you cant' even pronounce place names. The Local Government of Wanneroo (WO - Nah - Roo) is so large that it has multiple markets from Middle City multiple dwellings through to rural lifestyle lots. get off the couch and fly over to see what's really going on. Come join the 150,000 new residents per year that make this place home (ps. could be why there's no rentals).
Perth in 2023 is nothing like 2012/13. 1. Different stages in mining and resource projects. Previously the boom was on the design and construction phase of the project. Once design is done and construction reaches peak employment. Currently these projects are at the operating stage and have long lives. 2. While WA is generally better at building adequate housing supply the numbers getting built don't match the previous price boom. There is no employment flight on the horizon and we're not building enough houses unfortunately. Were likely seeing a long term secular change in Perth and WA. The state is about to clock over 3 million people, most confined to the south west.
You clearly have no idea what's goin on this side of the country bud. Rockingham has a 2% vacancy rate and climbing coz it's about 50km from the city, no one wants to live that far away and, historically, it was a shithole with a bad reputation. The reputation and quality has improved a bit, but only eastern staters and bogans live there. the eastern staters, coz they have no idea what area they're buying into.
@@MindfulStir Agree. I lived in East Rockingham a street back from the best beach I've seen in Perth, it's like a Caribbean cove with calm warm shallow waters right down to the newly renovated esplanade and cafes. Yes, inland Rockingham can be dodgy but there's good and bad in every suburb. Loved my 4.5 years there.
That is interesting. A lot of Property analysts are saying Perth still has a few years of fundamental growth but you’re the only person warning that the boom will end sooner than later. So I’m listening all ears to everyone’s views especially yours with your mining background
Experienced Perth real estate investor here, I do agree with you I’m afraid, I’m seeing houses come online faster than I have ever seen before. I’m pretty sure they are built to rent houses buy vanguard snd Blackrock and other REITs. I’ve noticed the rental vacancy rate has climbed significantly. Mining will take a hit as the trade war ramps up. Sorry to you buyers who have just bought in, but this is the truth. I disagree with you on the eastern states however. Sydney prices are a cruel joke and those prices alone will help the Perth market as ppl move to where prices are more realistic.
You are spot on.. Perth is the greatest boom bust city you will ever see.. in 2011 the bank value my house in Nedslands at $3 million. Three years later sold it due to divorce. Got $2.3 million. Look at the history and it repeats itself
@@libertyblue-wealththroughe3874 oh ok I had thought SQM was quite reputable. There is a big difference in the numbers though. So I have reached out to SQM to confirm the vacancy rate as I think its important to be accurate when presenting vacancy rates. Hopefully we can confirm whether your number or SQM research number is correct
could have purchased a 1 bedroom sitter in maylands in 84 for just $19k this pad just sold for $499,000 raking in $600 pw {😭😭} cannot even imagine the price by 2050
You know nothing my friend, what you are saying about interstate buyers are supposedly buying up properties. I think you’ll find that those Interstate buyers buying properties are people who come to Perth to take advantage of mining and are mostly FiFo. So they make a lot of money in the mines buy houses and then any thing from 2 years to 5 years after they made their money sell these homes and go back to the State they come from and this is nothing new, also property on the whole is much cheaper than on the East Coast and that’s why they do it because with the money they have saved and the sale of their house they can go back over East and buy a home there.🤷♀️
@@libertyblue-wealththroughe3874 Yes please Adam, if that works for you and the content you want to create. Agree with the videos on Perth, not only am I FIFO, I reside in WA. I think we are in an inflated market here now, can still make money, but once the correction happens may be in a difficult situation.
The average income in Perth is the highest in the country, which reflects its strong economy and abundance of job opportunities. It's a beautiful city, attracting a large number of migrants each month. Given these factors, I believe the Perth market will remain robust for at least a year. However, the health of the WA mining industry is the primary factor directly influencing the housing market.
It might go for a bit longer than mid 2025. We can only speculate. Some areas are still very undervalued but unfortunately they are not the ones interstate buyers are getting into
Adam..Perth has 5-years stagnation..this is only a correction with rest off the country...We have another growing time ahead..Minimum 5-years...Sorry..
You can’t even say the names properly
This guy has no idea... No idea of what is ahead for the Rockingham area and clearly no understanding of mining, its drivers or the Perth property market. Sounds like another salty eastern states property investor who missed out on the first stage of the Perth boom.
Plenty of our students purchased in Perth from the same formula 18+ months ago
Y..when as u said its gonna get that bad
I live in Perth. Thanks mate. Get a real job
I would vote for this guy
Mining is currently in a downturn, so why is Perth’s property market booming?
This video is just hyperbolic clickbait.
Takes times as the mining downturn is recent and Perths market is booming from east coast investors who will keep buying until main stream media say Perth is going down
Clearly you don't live in Perth. I can tell by the fact that you cant' even pronounce place names. The Local Government of Wanneroo (WO - Nah - Roo) is so large that it has multiple markets from Middle City multiple dwellings through to rural lifestyle lots. get off the couch and fly over to see what's really going on. Come join the 150,000 new residents per year that make this place home (ps. could be why there's no rentals).
Great information . Thank you
Perth in 2023 is nothing like 2012/13.
1. Different stages in mining and resource projects. Previously the boom was on the design and construction phase of the project. Once design is done and construction reaches peak employment.
Currently these projects are at the operating stage and have long lives.
2. While WA is generally better at building adequate housing supply the numbers getting built don't match the previous price boom.
There is no employment flight on the horizon and we're not building enough houses unfortunately.
Were likely seeing a long term secular change in Perth and WA. The state is about to clock over 3 million people, most confined to the south west.
Perth has 60% economic output in mining. Less mining, less population and less money
@@libertyblue-wealththroughe3874 Absolutely. But that's not something that you're going to see in the next few years.
BS. Like Albo, you are full of it.
You clearly have no idea what's goin on this side of the country bud. Rockingham has a 2% vacancy rate and climbing coz it's about 50km from the city, no one wants to live that far away and, historically, it was a shithole with a bad reputation. The reputation and quality has improved a bit, but only eastern staters and bogans live there. the eastern staters, coz they have no idea what area they're buying into.
Ummm. Best beach and cafe strip and train to cbd.... I love Rockingham.
@@MindfulStir Agree. I lived in East Rockingham a street back from the best beach I've seen in Perth, it's like a Caribbean cove with calm warm shallow waters right down to the newly renovated esplanade and cafes. Yes, inland Rockingham can be dodgy but there's good and bad in every suburb. Loved my 4.5 years there.
@@MindfulStirlol you can keep it 😂
That is interesting. A lot of Property analysts are saying Perth still has a few years of fundamental growth but you’re the only person warning that the boom will end sooner than later. So I’m listening all ears to everyone’s views especially yours with your mining background
Perth is a mining town - boom and bust
Experienced Perth real estate investor here, I do agree with you I’m afraid, I’m seeing houses come online faster than I have ever seen before. I’m pretty sure they are built to rent houses buy vanguard snd Blackrock and other REITs.
I’ve noticed the rental vacancy rate has climbed significantly.
Mining will take a hit as the trade war ramps up. Sorry to you buyers who have just bought in, but this is the truth.
I disagree with you on the eastern states however. Sydney prices are a cruel joke and those prices alone will help the Perth market as ppl move to where prices are more realistic.
When is a good time to buy - 2 years from now?
You are spot on.. Perth is the greatest boom bust city you will ever see.. in 2011 the bank value my house in Nedslands at $3 million. Three years later sold it due to divorce. Got $2.3 million. Look at the history and it repeats itself
I’m looking at buying or building in next 12 months & will be following your channel closely the whole way🥳
You probably should follow other channels
What are your thoughts on Byford 6122?
Will play this back to u in 5 yrs. Lets see
Please do
Sqm research says rockingham vacancy rate is 0.9 not 2.63. Has also rents rising.
Please include the source of your data.
Free data is normally free for a reason
@@libertyblue-wealththroughe3874 oh ok I had thought SQM was quite reputable. There is a big difference in the numbers though. So I have reached out to SQM to confirm the vacancy rate as I think its important to be accurate when presenting vacancy rates. Hopefully we can confirm whether your number or SQM research number is correct
Many unoccupied houses in Boganham are holiday houses.
could have purchased a 1 bedroom sitter in maylands in 84 for just $19k
this pad just sold for $499,000 raking in $600 pw {😭😭}
cannot even imagine the price by 2050
How about Mandurah Meadow springs etc
Demand is low in mandurah under average.
Try balcatta or merida they are currently very high
Adam, could you do a deep dive on Melbourne please
Here's my most recent video on Melbourne - th-cam.com/video/dk883XuojJU/w-d-xo.html
Where in Brisbane, Sydney and Melbourne though? Give some suburbs?
Perth isn’t a mining town, it’s a capital city with over 2 million people
Similar characteristics as a mining town
@@libertyblue-wealththroughe3874 Clueless! You make Albo look intelligent.
I personally think house should not be an investment vehicle. House is a place to stay and raise family. Thank you.
You NEED someone to buy as an investment, rent it out, so people have a house to live in
You know nothing my friend, what you are saying about interstate buyers are supposedly buying up properties. I think you’ll find that those Interstate buyers buying properties are people who come to Perth to take advantage of mining and are mostly FiFo. So they make a lot of money in the mines buy houses and then any thing from 2 years to 5 years after they made their money sell these homes and go back to the State they come from and this is nothing new, also property on the whole is much cheaper than on the East Coast and that’s why they do it because with the money they have saved and the sale of their house they can go back over East and buy a home there.🤷♀️
How come you're not wearing your yarmulke? Mom and Dad would be very upset!
Mining booming?
Could you please deep dive Wollert in Melbourne
Do you want the same kind of info like this video?
@@libertyblue-wealththroughe3874 Yes please Adam, if that works for you and the content you want to create. Agree with the videos on Perth, not only am I FIFO, I reside in WA. I think we are in an inflated market here now, can still make money, but once the correction happens may be in a difficult situation.
Have you heard of AUKUS. Rockingham will be booming for many years to come. Not sure you've done your research
The average income in Perth is the highest in the country, which reflects its strong economy and abundance of job opportunities. It's a beautiful city, attracting a large number of migrants each month. Given these factors, I believe the Perth market will remain robust for at least a year. However, the health of the WA mining industry is the primary factor directly influencing the housing market.
It might go for a bit longer than mid 2025. We can only speculate. Some areas are still very undervalued but unfortunately they are not the ones interstate buyers are getting into
Well said
Make up you mind mate. Is it WORST best area, or BEST worst area??
If you want to invest, just do the opposite of what he said. Seriously.
Adam..Perth has 5-years stagnation..this is only a correction with rest off the country...We have another growing time ahead..Minimum 5-years...Sorry..
We shall see :)
what I hate is seeing Indians etc doing posts on how to come to WA and how and where to buy land, for immigrants coming here
@@IHG-ou8kd yeah agree, blame our stupid government for opening the flood gates🤦
They will be running this country in the next 20 years for sure just like England
@@uncleteddy78 Another Albo cock-up!
Dont agree
Whenaru
You need to Change your Name Man
What do you mean?