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105% bought in Forrestfield in Jan 2019 700sqm |
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Yes please make next Perth video |
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Been renting in Perth for the last 3 years, planning to purchase a property to live in. Is it the right time to buy in Perth? |
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Saw the recent news on China and iron? Not good. |
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REVENGE!!ON PERTH!! I am not your average buyers agent with high school diploma.. Did my Masters of Architecture from UTS and have developed pretty unique duplexes all around South Sydney (mainly Cronulla and Wollongong) I was never interested developing in PERTH as the Sydney market was pretty good. What crushed me!! My wife works for Sydney Water and went for a job interview at Water Corporation Perth. During the interview process the team leader told my wife sorry “we don’t hire from interstate” local residents ONLY!! When my wife called me crying I felt like the 1933 Western Australian secession referendum. I called my realestate agent and told him I don’t care if you sell my Cronulla duplex from 2mill or 2.1 … I need cash for REVENGE!! within the next 60days. Today 16 August 2024 …. I have just signed on new!! land development (beach side suburb) handover 2025 and I will personally design our holiday home WHICH WILL NEVER BE RENTED TO WA LOCAL!! only used for future job opportunities for my miss’us I love NSW!!!!!!!!!! NSW till the day I die…………………….. |
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Remember 1988 _1990 Perth If you were around at the time Huge price rise and huge price drop |
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Yes please next Perth |
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My house in Vic Park has gone up $280k in 6 months. . |
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We dont need east coast investors in WA |
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I’m mad as hell ! My house was for sale in the most beautiful town with plenty of work (Esperance w.a) it was a well built 3x1 with a large powered shed and beautiful garden on a large 750m square block . It was on the market for 2 years for 150k !? The only ones that were interested in it was smart foreigners and they still wanted it cheaper |
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Hi PK . I bought in Dec 2021 and as of today we have had 54% growth and things are still looking good. Love your videos so thanks for all the great content. |
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Double in value after long hold 16 years still in dilemma sell or hold |
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How is Perth a mining town? People Fly into the Pilbara from all over Australia, including Thailand and Indonesia. |
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You should have a chat with @jasonpizzino - would be a nice collab chat |
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CoreLogic puts Perth property from 2012–2022 as the worst ever and every time that has happened, the following decade will get close to 100% (2022–2032). We've only seen ~30% increase in Perth so far since 2022, so I think there's still another ~50% from current prices over the next 8 years. This would put it in line with other capital cities in Australia. |
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The foothill suburbs near Armadale will take off... |
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Yes to the next Perth |
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Yes, bring on the next Perth |
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Yep I bought in Perth.... built in 2016. Built a second one in 2019. My first broker said we couldn't afford to have both. Thankfully we found a broker who made it work. We've still got both properties. In 2020, they were worth about 1mill combined. Their current value has almost doubled |
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Yes. Next Perth |
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Yes, next Perth? |
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1. Nobody should be able to purchase property in our country unless they are an Australian citizen - not foreigners or residents. 2. Net immigration should be reduced to about 80,000 per year. Those two measures would help ensure that Australians could afford houses (as we once could). |
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If you're looking for a place to live, buy a house.If you're looking for a place to put your money, buy bitcoin. |
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Perth follows the Iron Ore price. It's that simple. Royalties make up 22% of the WA state government income and iron ore makes up 88% of that. It's impossible for Perth house prices to go up if the iron ore price is depressed. |
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Yes please. |
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Yes, please. I want to know the next Perth. |
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That chart looks to a new low and couldn't brake to a new high be like if get to the mid line its a sell |
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We're at the top of the market..... |
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A drop of 30% and then two lost decades of very little movement. All the best Perth. |
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Bought a house and land property in Alkimos beach in 2022 for 520k and it's already close to 900k in value. What a crazy time for hosuing markets. |
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A great presentation & I’ve immediately subscribed to your channel. A constructive criticism; As a long-time property investor, I’ve learnt that R.E investing should never be called “passive income”. It’s a misleading & inaccurate term, that cannot be honestly applied to almost any investment on the planet. “Semi-passive” is the correct term. Do keep up the great work |
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Is it wise to buy townhouse in Perth these days? |
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Honestly buying from 2016 to 2020 yea sure because there was a downturn. Buying after then no. It's wasn't a good decision because Perth is boom bust if you buy in an upturn you have to wait to sell in another upturn to break even or get a decent return. That could be years after all the costs incurred from purchasing the property renting it out etc. When there is a downturn in Perth the population shrinks, a lot of people leave because jobs dry up the population in Perth doesn't just keep growing and growing and growing it grows and then shrinks and keeps going through the same cycle. |
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Pls share nest Perth |
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Yes . Over 20% in a year |
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I work in Mining and live in Perth, and honestly mining is feeling pretty shaky right now. Nickel and Iron Ore is in dire straits, lots of layoffs happening. Lithium and Rare Earths have potential but iron ore is the life blood of the city and if it cracks i feel like the property market will too |
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Yes, please |
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Why is youtube showing me this. Im in government housing on disability pension and cant even afford a car to get back into work. I wont be buying a house EVER.Im waiting for the day we say stuff it and squat in all the empty houses owned by investors who dont live there, and if they try kick us out, we burn it to the ground and move to the next house untill the rich have lost all their houses besides the one they live in. |
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Perth is the the next perth |
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Yes for next perth! |
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Yes , next Perth, thanks. |
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If perth puts up its hand to take all of the massive overs in immigration, it would explode up. Theres almost NO supply over there. |
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So, if you chop out pre 1990 aberration, most property investment is junk? Even worse considering 6% of those alleged gains are the debt all these people dump in? |
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HOUSING MARKET...HOUSING MARKET...HOUSING MARKET AND HOUSING MARKET...THAT IS ALL PEOPLE IN AUSTRALIA TALK ABOUT ALL THE TIME...LIFE IS NOT ONLY HOUSING AFFORDABILITY...THIS THE BIG REASON I'M TAKING MY FAMILY OUT OF AUSTRALIA. |
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The next perth is not in WA... Bye bye |
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Yes please, the new Perth! |
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Sat in South Perth over ten years for all but zero percent, only recently has there been some good movement.One thing is REIWA used to publish chart showing house prices overlaid with rents - many cycles of 3-5 years showing it was house prices flat while rents peaked in a curve like a lying down hockey stick with the curve/head to to the right, and held. Then rents flat while house prices hockey sticked.Onwards, continuously alternating.The don't seem to publish it anymore, or I can't find it. |
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Yes for next Perth! Love your work PK! |
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Yes please! |
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Bought in Baldivis Perth WA abit under 4 years ago for $440k now AVG $750+K was considering selling but don't want to get locked out of the market , but I don't want to miss out and the Market crash |
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Melbourne is next? |
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yesim certainly up! |
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Yes please video on the next Perth |
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Yes please, Next Perth |
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Yes, please share the next Perth! |
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Yes new Perth info |
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Yep. Because of your Youtube clips, I bought two properties in Perth. One went up 55%+ in 18 months and another has so far gone up about 15-18% in 5 months. Thanks for your analysis! I do think both of them will go up another 10-20% at least until it flattens out a bit. |
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In regards to the melborne market, I get there's markets within markets but do you think the labour government has had some sort of play in their consolidation? |
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Which 3 major buyers agents? I know PK is unlikely to say, so community give your best bets. I'm guessing one is Metropole. Michael Yardney is very much blue chip only at least in his podcasts |
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YesPlease do NEXT Perth |
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Perth will boom for a long time, there are very few tradies left, many builders have gone broke and lets face it, Perth is far too spread out. I've seen houses demolished to make way for unit developments. I myself will renovate as the stamp duty on buying a house is ridiculous with these higher prices. |
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Yes, where is the next Perth. |
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Great Video PK. Yes please for next Perth! Also what are your thoughts on Melbourne, seems like a low point in the cycle? Potential? |
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Great Video PK. Yes please for next Perth! Also what are your thoughts on Melbourne, seems like a low point in the cycle? Potential? |
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Perth Airport to spend 5 billion dollars in 10 years as well |
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Bunbury/ Busselton will be the next Perth in decades to come.Large harbour, growing population, Worlds largest and most profitable Lithium mine just down the road.Thriving tourism scene. The Ferguson valley is the next Margaret River. |
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Bought my first investment property in South Perth brand new of the plans in a very popular / well known new double tower. So far 50% to 60% return and this is the best thing after my citizenship and my previous working hard years where I end up building my own brand. I was always talking about Perth and people laughed at me. It was my target market but I had to become financially independent and work hard to get there. The most important thing is that somebody can utilise the equity and proceed with another property without collecting and saving for new deposit. This is the importance of buying something below the market value, during desperation and proper constant negotiations even when cheap. Now even if you want to buy something Perth, there is lots of cash going in Perth and rich fellas will buy it before you get approved for a loan. Perth now is a hot spot. So even if I got one property I feel lucky. BTW I enjoy your content, I’ve been watching your videos the last couple of days. Check my IG account if you want to see what I am working on |
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Yes love your work |
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Dear PK, thanks for Knowledge Sharing. Could you please shed somelight on calculations or tricks paying off mortgage in 5 or 7years with out buying investment property and get into Interest again. |
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Firstly you spelt Perth wrong, it's perFFF.1. perFFF is only playing catchup2. Immigration major cause3. Under supply, over demand4. Mining5. Investors from east, plus over seas investors.6. Those selling up in tyranny state like NSW and VIC.Whilst homelessness is at it's highest, not even a mention on this, families in tent cities and living under bridges, full time workers....,camping site, caravan sites all full... Disgusting!Rental properties outbiddingBuying houses outbiddingLots of units, homes sitting empty....Okay, tell me this is normal...... |
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Next Perth - Yes. |
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yes (next perth pls). we bought 3 properties in perth & mandurah area in late 21 early 22. all at $300k. they have all doubled since then. timing is everything! |
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You are a wholesale buyer;s agent yourself. You are a part of this. |
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Yes to the next Perth |
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If the buyers purchase the property now in WA, it won't go up a lot. The best time for investment is during covid. After 12 months, the properties will drop in WA |
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Yes do the next perth |
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Back in the day, when I purchased my first home to live-in; that was Perth in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts. |
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Yes to the next Perth |
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Yes next perth |
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Yes next perth |
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Yes to next Perth |
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Next Perth |
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Yes, next Perth |
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Yes please |
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The swamp is collapsing so will the Australian ponzi scheme. Lots of people will lose lots of money... greed... |
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Yes, we want a video on the next Perth! |
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Yes make video of next Perth |
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yes next perth pls |
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Yes for next Perth |
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Bought @ 170 in Kelmscott in 2018Sold in March @490. |
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Next Perth yes! #fomo |
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Yes (for next Perth) |
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Yes the next Perth. |
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How about buying land release land now in areas such as hilbert and Haynes (armadale council)? Apprwciate your though PK.. |
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Yes, next Perth please!! |
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Yes please.. eagerly waiting for next Perth! |
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Yes next perth? |
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Yes! #nextperth |
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Really PK, that’s your video??? time span for Perth and Sydney are different. Just to show Sydney volatile, specific years range has been selected to create impression that author believes. |
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Yes, bring on the next perth |
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