澳洲Australia property Perth Property prices tipped to grow 19%
在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo
Here's some strong predictions
Perth property prices tipped to take off
Here's the PerthNow online story http://www.perthnow.com.au/business/property-prices-tipped-to-take-off/story-e6frg2ru-1226133710773
What do you think?
A fair prediction?
Or a bit bullish?
has to happen eventually - you can't have a roaring state economy with an all but stalled housing construction sector and 4 years of hefty negative growth rates without eventually reaching a turning point
if i was to value any of those referenced commentators I would pick Gavin Hegney - he has a great track record and talks a lot of sense
while i agree with Ausprop - i also note that BIS have a knack of being wrong .... consistently wrong.....
The REIWA stats are suggesting supply is dropping in Perth. We have noticed in the tightly held suburbs (supply on market of >3%) that properties are going under offer comparatively fast to the rest of the market. Buyer's coming back in to Blue Chip areas. Also, price has been fairly consistent in these suburbs over the last 3 years, were as the higher supplied suburbs have seen drops of 20%-25%.
BIS Shrapnel is not the only forecasting body tipping Perth to be the outperformer over the coming few years. However, I think their predictions are a little optimistic.
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