The property growth in Perth is not related to mining it is because of population growth. Cheap properties attracts immigrants to live in Perth. The more population the more opportunities will open up. More sectors will grow not just mining. Perth is a nice coastal place Many dreams of living on that kind of place
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 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
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
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
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 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.
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).
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.
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The property growth in Perth is not related to mining it is because of population growth. Cheap properties attracts immigrants to live in Perth. The more population the more opportunities will open up. More sectors will grow not just mining. Perth is a nice coastal place Many dreams of living on that kind of place
It has an impact given economic output is 60% of wa economy
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.
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
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
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
When is a good time to buy - 2 years from now?
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
You can’t even say the names properly
I live in Perth. Thanks mate. Get a real job
I would vote for this guy
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
I personally think house should not be an investment vehicle. House is a place to stay and raise family. Thank you.
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
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
How about Mandurah Meadow springs etc
Demand is low in mandurah under average.
Try balcatta or merida they are currently very high
How come you're not wearing your yarmulke? Mom and Dad would be very upset!
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.
Mining booming?
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 is a mining town - boom and bust
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.
You need to Change your Name Man
What do you mean?
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🤦