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Yes plz next Perth
I’ll buy in Perth in 2028
Yes next perth pls
Yes, the next Perth. Great content
Well said! data really matches with my experience with rental in June and July while still not much listings.
Hi PK. Thanks for your excellent contents. Could you please share where you get the Distribution of Median House Price Growth since 1980 chart? Is it frequently updated? Thanks a lot.
2019 tried to buy houses for $100-$200k but they got swept up.2020/21 house in camilo was $185k (up from $150k in 2019) huge 800m2 old house and agent said wait a little bit they will come down, never went down don't trust agents is the lesson the data analyst was right this time
If you want Perth to be part if Australia and not a mash up of Singapore meets Beijing then may as well outbid them otherwise they will hoover uo everything. This time is different because of the South China Sea and they are sendung the kids with
Follow the advice of someone who is consistently wrong at your peril
Yes next Perth pls
“They weren’t” the face hahahaha legend
Perth to the MOOOOOON ‍
Can you do a property report on Halls head, I know it’s inflated especially the canal’s. now the surrounding areas. Would you buy now or wait 3.5 years to see a downturn.
Yes next Perth please
your graph is showing up to june 24 before the stock market crashed, lets see the new figures
Yes the next Perth
Great video mate. Yes please, show us the next perth that will be here in next 1 or 2 years
Yes, the next perth would be amazing
Yes next perth please!
The next Perth
Hey PK. Great vid as always mate. Thanks to you I purchased 2 properties in Perth 12 months ago for under $450k. Increased a combined $300k. Would LOVE to see a video on Melbourne. Currently for a certain type of investor? Deeper pockets and more patient?
Yes PK please!
Western Sydney units are good value. Auburn in particular. Low-mid $400,000 buy in, 6.5% yield, 25 minutes to the city and 10 minutes to Parramatta. No other capital cities represent this sort of value once Perth is cooked.
Yes please, the next Perth
As a Mortgage Broker in perth, i love this video. Exactly the data we're tracking in our sales meetings. Exciting long term outlook for Perth even if there will be a few blips in the road up. The resource boom that is in the approval pipeline for WA is huge
Ok not Perth related, but still in WA. I purchased a 1 ha block of land in Pemberton in November 2023 for 256k. Its now valued at 560 to 640k - INSANITY!
Im suprise to learn in perth that land tax is a hugh amount when the land you hold goes up in value each year .... If you leverage to buy a few properties and your land value is say $2 million added up together you have a land tax bill of $15000 a year and if your properties double in value to say $4 millions then the land tax shoots up to $53000 and if the properties double again to 8 million your new land tax bill will become $137000 a year ......
The borrowing power of most investor are already max out, they need to start lowering the interest rate so that investors can catch up to the house price.
I wouldn’t buy there at the moment. My property is up 120k and I’ve raised my rent as well. The yields are just not that great anymore.
Mining has brought mass immigration to perth, every one wants to live here, money is part of the attraction andcheaper housing but perth will become a multi cutural meca, and doubt i say a cool place
Yes, In one year 30% growth betram.
My 1st property went up to 85% Bought it on 2019. 2nd property up by 57% bought in 2021. 3rd property went 35% bought it on 2022.
I have no idea who this dude is but I have 3 rentals in Perth..Morley, Noranada and Ballajura since 2000 all houses with land only one is dub divisible.. IF someone is getting a 100% return on property investment anywhere on the globe ..I would love to know some details .. My properties have made gains for sure...100% return is a joke and this dude is full of it :-D .. 8% is the standard Australia wide return in property as a best case scenario over the last 30 odd years I'd say ..well I don't really know for how long it has been so but 8% capital gain is what is anticipated .. .. It is inevitable that property prices will rise because we humans are like rabbits but with no predators ..as the population rises and shortfall comes so will the price of housing go up as is happening now.. in Perth new constructions are almost 2 years behind schedule for the mass builders... so what do you invest in ? Built up houses in established areas ? Thats what has been happening which is driving the market up ..has it peaked ? Depends on investors . NO ONE knows .. I have a simple logic with all my holdings .. if I do not need the cash I never liquidate.. the market goes up and comes down and invites financial gurus .. I get close to 13% percent consistent returns on the share market which is why I have not bought and will never buy another property ..people like this dude will tell you how to get rich ,,have it all.. just be aware if they had it all they would not be on you tube or selling a book or podcast or what have you since they would be too rich to need to do that
I bought a house in Perth 2006 for 210k then sold the backyard in 2020 for 270k. Free house still own it
30% gain in 18months. Ocean Reef
Bought in Perth (High Wycombe) in August 2022, wasn’t sure if it was the right decision at the time . Bought for 450k and now it’s valued at ard 640k just after 2 years and the value keeps going up. I’ll hold onto this property for a few more years or even a decade + cos soon it’ll become a positively geared property .
Yes, show us the next Perth
Hey PK, thank you for the video, iv purchased a property in Perth for $315,000 in 2019. It’s now valued at $550,000!
The last year of the boom is always the biggest
What are your thoughts on Townsville? People are still buying there.
Yes next perth please
Does anyone take into account the psychological impact of the median price milestones. Eg. 100k, 250, 500, 750 and 1M to come
Not all properties would have doubled in that period.
I bought 2 x freestanding 3,2,1 houses on a 1200m² R20 block, a little over 2yrs ago. We're formally subdividing the rear off now and will sell the rear one for the original purchase price of both. Profits going into PPOR non-deductible debt and then getting redeployed.
Next high growth areas: Darwin and Hobart.
Brissy might be the one
36% is close enough to 40%. Im buying (elsewhere) for the next 10 year period, not the next 10 minutes.
The RR for investing in Perth is not great ATM
Yes please. Also pk perth still good to invest just wont get high returns jn quick timeframe? Is it still a good long term play if still averages 4 to 6 percent growth pa
Yes, next Perth info for non clients.
PK, in late 2021, I took your point of view buying in Perth. Since then I added 5 properties on top of my home. 9 months ago I got 3 properties in one month. Those three are now have almost 30% increases on each. Amazing! Thank you for your valuable information. Can’t thank you enough. PS the rest of other three also have 30-40% increases in 2.5 years
Yes on the next perth PK
yes the next Perth !
PK, in late 2021, I took your point of view buying in Perth. Since then I added 5 properties on top of my home. 9 months ago I got 3 properties in one month. Those three are now have almost 30% increases on each. Amazing! Thank you for your valuable information. Can’t thank you enough. PS the rest of other three also have more than 30% increases in 2.5 years
Bought 3 in Perth from July to Sept 2021 in three months back to back. One has grown over 100% and other two are closer to 80-90% higher and still rising.
Can you make a video on the next Perth? Where would be a good place to buy now?
Yes for the next Perth
Do a video on darwin
Yes Also about Vic
Should i buy a property in Wandina, near geralton?
Yes for the next Perth :)
I have a 4x2x2 in perth noranda. My plan is to sell and then look at Melbourne. Lease was up in a few months. I thought about selling then but decided to go another lease through to march next year then sell.Do you think I have done the right thing ?????
What is the next Perth?
Oh oh. Goodbye perth. Congratulations to everyone who got in Earlu. Is Brisbane the next place
next perth
Yes PK, the next Perth!
thank you PKlook forward to hearing about next perth
Yes next perth
Yes, the next Perth please.
Who are the two data driven BAs?
Yes to next Perth
Yes, Next Perth please!
I am selling in Perth.
Yes to next Perth
1:28 I think you may have shown that chart in a previous video PK, but, when I saw that chart last time I thought to myself, I’m going to look at property on a 20 year cycle. That way I’m not looking too closely at the bumps and dips of the market. Excellent video as always !
Yes for the next Perth please
Where can we check the % of purchases in Perth bought by investors?
Where's the next Perth, PK?
Yes the next Perth please
K Wave will peak near the end of the decade as will Perth property. not sure where you got 2045 from. 50-55 years peak to peak
PK I find one issue with this data. The data shows from 2011-2022 property grew at 1.3 percent which is fine. However, data doesn’t show that until the start if not middle of 2015, houses prices in Perth were peaking. I bought a property for 460k in 2014 and by 2015 end it went up to 550k. It was from late 2016 when supply started to increase and houses stopped selling and house prices tanked by 2019. So even though 1.3 percent figure may be right but I think if you break it in two parts 2011-2016 and 2016-2020, it will give us better picture of the market at the time.
Luckily there are more investors in Perth ... otherwise families who cannot buy a house would live in tents, due to rental properties shortage
Yes please on next perth
Hervey Bay is the next big boom.
1 BAR for me..thank u very much
Yes Perth
Yes mate
Yes to the next Perth!
Do a video on far north Queensland, Cairns, Townsville
Yes please
PK, this chart itself is so powerful. Gr8 post as always
Yes. Next Perth pls
Brilliant
Yes. What's the next perth
Great video. What the new spot your investing in?
Yet Darwin sits idle. The last boom circa 2011 saw both Perth and Darwin to boom. What''s missing?
Yes the next perth please!
Yes to the next Perth :)
Yes please
Awesome video as always PK! Yes to the next Perth :)