THE ECONOMY IS IT REALLY THAT BAD

Today we went to the Domain Breakfast where we heard Dr Andrew Wilson Senior Economist for the Domaingroup (where you find all our current listings besides REIWA).

http://www.domaininsights.com.au/en/events/event-presentations
Go and down load what report you want to read very interesting reading

I have to say I was really impressed with his content of his seminar/talk and he has to be one of the most interesting people.  Although he comes from NSW where its the only market that is currently hot, investors snapping up the majority of the property which are yielding them 4% where as the banks are offering 2.4% - no brainer isn't it?

He told us that in WA here we are still flattening out and it will be flat for the remainder of the year however stop being in the doldrums as our figures for growth are good and we have actually increased our employment from 1,048,751 in 2014 to 1,089,639 in 2015 a raise of 40,000+ jobs (no thanks to the mining companies and all their shedding).

It's what I have been saying all along we increased so sharply and grew so sharply as he said we had to have a hangover period at some stage (love that saying). 
We were the fastest economy in the world in 2011 (18.1%) outrun China (now that's saying a lot isn't it) of course we wouldn't be able to sustain that????  Now we are having that adjustment.

The Mining boom is over, but there are other exports that WA offers to the world and they are doing just fine - now that our dollar has dropped we are again cheaper to buy from.

I would suggest if you are really interested in the graphs and the full report from Dr Andrew Wilson please go to marketview and read it all I am sure you will be pleasantly surprised.

NOW DONT GO THINKING WE ARE GOING TO GO BACK TO 2007 PRICES WE WONT BE !!  We believe we will still be flat but eventually will go back to doing the normal increases we use to be obtaining which was about 6-7% per year.

Whatever you do don't listen to those people that don't have real estate - honestly they are the negative nellies who think they know.
Stop listening to those reporters who have to report on a sensational story to sell their papers they also go on half baked information.  Keep in touch with someone doing the business and that you can trust.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO !!

(go buy some real estate before everyone else does and you get caught up in multiple offers and prices rising - because yes with every fall there is a rise it's picking the rise, which most people cannot do)