I think what you don’t know because you never lived in Perth is that a house in Mandurah was 500-600k once during the mining boom then housing prices just plummeted. It wasn’t always $200-300k
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that's well prepared for any eventually, that's how some folks' been an impressive average return of $150,000 every seven weeks over the past four months according to Bloomberg.
Successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Christine Maloney-wilson is my trade analyst, She has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Migration of affordability influencing real estate prices! Great discussion, however I still don’t understand what other industries other than mining are there in WA that are creating these high payment jobs?
Thanks for another relevant vid Todd, I’ve just bought an ip in Edgewater - are you able to do content about houses in the Balcatta, Edgewater in the 900k mark and their prospects as opposed to the gentrification suburbs
Great video and insights. Perth is now closing in on 3 million people with median house price still below adelaide and marginally higher than hobart and darwin. The other thing that will happen is AUKUS. Perth will be the hub of the new sub fleet of Aus and US. Seems perth is slowly moving away from mining towards other industries like defence
Never seen a boom last 3-4 years? Umm about 20 years ago Perth had a boom that was sudden up and then went down.... Perth incomes are skewed by mining. A lot of the high side is not coming from accountants etc earning more than in Sydney. People in mining are mostly working FIFO and have different house needs/wants than normal city workers. I feel like this discussion is from people who don't get Perth and are using Eastern states logic. While mineral prices are falling it makes NO sense for so many people to keep moving to Perth pushing prices up. The job market in Perth has clearly fallen off (to the extent I want to go home and leave Perth...).
was the current boom driven by commodity prices? No! Perth is moving based on supply and demand. With the previous housing crash in Perth it killed supply and new builds. The under supply in perth is insane atm and the lack of completions is not helping.
@Documentts the isolation and the type of lifestyle is exactly what Perth boasts. That's the whole point, you're moving away from that when coming to Perth. Some people, like myself who have lived in both, prefer to have at least 500m2 and not be in crippling debt.
Enjoying your logic and open minded view Kura 🙌🏼 Of course Perth isn’t Sydney, like Kura said it’s the opposite factors and affordability that’s making it more attractive to many. Adelaide and Brisbane have already over taken Melbournes median house price for the first time in history, while that makes no sense to me I leave my feeling about it aside and follow the logical value trail in the changing market, which now is pointing to Perth and potentially Melbourne soon
I think what you don’t know because you never lived in Perth is that a house in Mandurah was 500-600k once during the mining boom then housing prices just plummeted. It wasn’t always $200-300k
Yeah fully aware of that, tracking the historical data gives a pretty good snap shot of price and demand looking back many years
If 10,000 people are moving to Perth every month,Where are they when there are no places to live?
Cracking insight and delivery from Simon Loo. Adelaide has a lot of great culture.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that's well prepared for any eventually, that's how some folks' been an impressive average return of $150,000 every seven weeks over the past four months according to Bloomberg.
Despite all factors I'm still scared about 'em and the fluctuation in prices of the crypto Market, but gonna also start trading right away.
Successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
The worst reason to hold a coin is fear of missing out when it comes back. Two years in crypto I learned that lesson the hard way.
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Christine Maloney-wilson is my trade analyst, She has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Migration of affordability influencing real estate prices! Great discussion, however I still don’t understand what other industries other than mining are there in WA that are creating these high payment jobs?
Skill shortage causes every profession in Perth get higher wages than east coast peers.
Mining is the only thing that is keeping the economy going in WA. If we didn’t have mining we would be like Melbourne
Mining and infrastructure, once that tanks 💥 like it has done many times, Perth will always be a boom and bust state 🤣
@@carllyons4903pump & dump !!!
Thanks both for an interesting view on the Perth market, really enjoyed this video. The market here is pretty crazy at the moment.
Thanks for another relevant vid Todd, I’ve just bought an ip in Edgewater - are you able to do content about houses in the Balcatta, Edgewater in the 900k mark and their prospects as opposed to the gentrification suburbs
Hasn’t peaked? Maybe
Is it late now? Absolutely
Great video and insights. Perth is now closing in on 3 million people with median house price still below adelaide and marginally higher than hobart and darwin. The other thing that will happen is AUKUS. Perth will be the hub of the new sub fleet of Aus and US. Seems perth is slowly moving away from mining towards other industries like defence
Never seen a boom last 3-4 years? Umm about 20 years ago Perth had a boom that was sudden up and then went down.... Perth incomes are skewed by mining. A lot of the high side is not coming from accountants etc earning more than in Sydney. People in mining are mostly working FIFO and have different house needs/wants than normal city workers. I feel like this discussion is from people who don't get Perth and are using Eastern states logic. While mineral prices are falling it makes NO sense for so many people to keep moving to Perth pushing prices up. The job market in Perth has clearly fallen off (to the extent I want to go home and leave Perth...).
was the current boom driven by commodity prices? No! Perth is moving based on supply and demand. With the previous housing crash in Perth it killed supply and new builds. The under supply in perth is insane atm and the lack of completions is not helping.
yeh, go ahead buy in midland and armadale 😂
👍🏼
Yep Midland has gone up heaps as well 👍
Perth is not Sydney and it never will be
Kind of the point isn't it
I know right! Imagine having to put up with toll roads and pokie machines everywhere
@@kuracodovce7514 I imagine Sydney is better than Perth.. Perth is the most isolated city in the world
@Documentts the isolation and the type of lifestyle is exactly what Perth boasts. That's the whole point, you're moving away from that when coming to Perth.
Some people, like myself who have lived in both, prefer to have at least 500m2 and not be in crippling debt.
Enjoying your logic and open minded view Kura 🙌🏼
Of course Perth isn’t Sydney, like Kura said it’s the opposite factors and affordability that’s making it more attractive to many.
Adelaide and Brisbane have already over taken Melbournes median house price for the first time in history, while that makes no sense to me I leave my feeling about it aside and follow the logical value trail in the changing market, which now is pointing to Perth and potentially Melbourne soon
Here is a tip... in perth. Joondanna - incredible location, leafy, near city, near beach and affordable.
City of Stirling is a building site 🧱
Thanks for the tip!