BOOM OR PROPERTY BUBBLE?

 It's interesting isnt it that the media have said oh we are going to drop 30% in the property values, now we are going to go up 30% they have no bloody idea. They also are not working on the ground like we are, they are looking at figures that are actually 3 months behind in what's actually happening.  Quite frankly sick and tired of the media that are feeding peoples frenzy or their fears just report responsibly for a change will you.

Our major banks are saying that we are now going to get some strong markets for the next few years as they have no intention of raising the interest rate up (that doesnt mean you should be borrowing over your head by the way, you should always be allowing for at least 5-6% interest rate).

Most banks are predicing between 6-8 to double the percentage that we are going to have in growth - THE REAL TRUTH IS NO ONE KNOWS!!  If we knew wouldnt we all be buying at the perfect right time.

In my history of 20+ years we have cycles and the property boom is usually the shortest time at the end of the cycle.  They eventually blow out and possibly have a small correction and then just plod along.  Western Australia has been pretty dormant for about 8 years now with a little bit of growth then back wards we go we have been seesawing for a few years now.

Finally when we start to have a run on we are magically in a BOOM !!  No I think that there is such a short supply the market is pushing the prices up right now as many sellers have not wanted to sell in this down market.  (need to make lots more calls to people and get them listed now ha ha).

If we are in fact in a "bubble" then it will burst at some stage and then house prices will end up lower than where they started.  I just dont get that feeling about Perth to be honest I see that people are making big decisions on where they want to live and they want to live here in Perth because we are considered one of the safest places to be.

Perth will continue to rise for a little while whilst the demand is here and the stock is low naturally things are going to be snapped up.

So you fence sitter stop sitting jump off and get in the prices on homes may have jumped by 10-20% already but the old apartments are still good value.  Then I will hear you all say to me wish I got in when they were cheaper !!      NO THE MARKET will not go back down dont you think we have been down enough it doesnt make any sense.  Who has the crystal ball no one but what I personally think is NOW is the time to get into the market for that investment property especially.  

If you are up sizing or down sizing it's the same market so best you get on with it.

If you need to talk about it please give me a call.

Stay safe.

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

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!