Your analysis is quite superficial and lacks supporting evidence. Perth's growth is expected to continue for another 3-4 years, leading the nation. Meanwhile, Sydney's decline has already begun and is likely to persist for several years. Western Australia's economy is no longer solely dependent on mining, especially since iron ore prices have been declining since last year. Perth also has the highest population growth rate in the country, with its housing supply being easily absorbed, which drives demand and leads to price increases. The city boasts some of the country's most beautiful beaches, and the government is investing in the tourism industry, which has the potential to generate more revenue than mining. Perth is a modern city with excellent infrastructure, well-designed streets, and high-quality amenities across its suburbs. Additionally, the WA government is financially robust with zero debt, unlike other states such as Victoria, which are already struggling financially.
i have been in the steel fabrication industry (structual and pipe) for 30 years demand for my trade is low unless you work for way less then before, without mining,oil and gas invesments we are in deep s__T
@@kajak012 As I mentioned, Perth is set to lead the nation due to Western Australia's significantly stronger economy compared to other states. Living in Melbourne, I’ve noticed that the unemployment rate is higher, and wages are considerably lower than in WA. Additionally, while housing supply is abundant in Melbourne, property prices in comparable suburbs are about 30% higher than those in Perth. There are also several other factors influencing the market, and Perth is benefiting from them compared to other states.
You're obviously not from Perth since you pronounced Wannaroo (a major suburb in perth) wrong. I actually live in the NE in the city of Swan. Most people here buy the house/land due to the deals offered from the major state builders. Out of the 1800 you mentioned there is a large number of genuine first home buyers due to the state offers and the availability of schools and young families and facilities in the area. You seem to be superficially glancing over the stat's and not actually know the real world situation. However you're right there will come a time where prices will stagnate and fall. If you're investing you can just hold through the period and if you're buying to live, you could just hold through as well.
Lol, bull crap. Perth is crap; it's filled with bloody flies. It's just a shit place because of the flies. Not to mention it's overly dependent on China, yet Aussies hate China due to being overly brainwashed by the media. WA just digs and sells, that's it. If China stops buying, WA is screwed. Nobody is going to buy the dirt like China does, and please don’t start with the India argument that they're going to buy because India is not China, period.
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
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
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
@@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
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.
@@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.
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.
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Your analysis is quite superficial and lacks supporting evidence. Perth's growth is expected to continue for another 3-4 years, leading the nation. Meanwhile, Sydney's decline has already begun and is likely to persist for several years. Western Australia's economy is no longer solely dependent on mining, especially since iron ore prices have been declining since last year. Perth also has the highest population growth rate in the country, with its housing supply being easily absorbed, which drives demand and leads to price increases. The city boasts some of the country's most beautiful beaches, and the government is investing in the tourism industry, which has the potential to generate more revenue than mining. Perth is a modern city with excellent infrastructure, well-designed streets, and high-quality amenities across its suburbs. Additionally, the WA government is financially robust with zero debt, unlike other states such as Victoria, which are already struggling financially.
i have been in the steel fabrication industry (structual and pipe) for 30 years demand for my trade is low unless you work for way less then before, without mining,oil and gas invesments we are in deep s__T
@@kajak012 As I mentioned, Perth is set to lead the nation due to Western Australia's significantly stronger economy compared to other states. Living in Melbourne, I’ve noticed that the unemployment rate is higher, and wages are considerably lower than in WA. Additionally, while housing supply is abundant in Melbourne, property prices in comparable suburbs are about 30% higher than those in Perth. There are also several other factors influencing the market, and Perth is benefiting from them compared to other states.
You're obviously not from Perth since you pronounced Wannaroo (a major suburb in perth) wrong. I actually live in the NE in the city of Swan. Most people here buy the house/land due to the deals offered from the major state builders. Out of the 1800 you mentioned there is a large number of genuine first home buyers due to the state offers and the availability of schools and young families and facilities in the area.
You seem to be superficially glancing over the stat's and not actually know the real world situation.
However you're right there will come a time where prices will stagnate and fall. If you're investing you can just hold through the period and if you're buying to live, you could just hold through as well.
Lol, bull crap. Perth is crap; it's filled with bloody flies. It's just a shit place because of the flies. Not to mention it's overly dependent on China, yet Aussies hate China due to being overly brainwashed by the media. WA just digs and sells, that's it. If China stops buying, WA is screwed. Nobody is going to buy the dirt like China does, and please don’t start with the India argument that they're going to buy because India is not China, period.
You can’t even say the names properly
I live in Perth. Thanks mate. Get a real job
I would vote for this guy
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
Perth is a mining town - boom and bust
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
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
Well said
Adam, could you do a deep dive on Melbourne please
Here's my most recent video on Melbourne - ruclips.net/video/dk883XuojJU/видео.html
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
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
How about Mandurah Meadow springs etc
Demand is low in mandurah under average.
Try balcatta or merida they are currently very high
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.
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.
How come you're not wearing your yarmulke? Mom and Dad would be very upset!
I personally think house should not be an investment vehicle. House is a place to stay and raise family. Thank you.
Mining booming?
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🤦
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
You need to Change your Name Man
What do you mean?