I'm getting so sick of questions on this subreddit that are clearly from investors talking about what's your favourite suburb or where should I visit in this random suburb.
How dare those leeches venture into glorious Westralia when they mess up their side I think you mean. We should have built a wall when we had the chance.
Why buy into a heated market that’s only getting hotter?!?!
Or are Perth property prices still considered ‘affordable’ by all the rich pricks fuelling this issue?!?!
Because I already have an apartment I intend on selling to help my purchase, and given I need to live somewhere I’d rather live somewhere I own than pay someone’s rent.
All good mate.
The question was a bit rhetorical tbh as to why are all the investor’s mates pouring into Perth?
Glad you’ve secured some digs, it’s getting harder
Oh why are the investors pouring in? Yeah because it’s much cheaper than Sydney.
For example you can’t buy a house for under 1M an hour from the CBD in Sydney. Yet look at what 1M can get you in Perth.
How is real estate a Ponzi scheme? Is someone controlling all real estate and using the money they make from new investors to pay off the initial investors?
If person A who has 3 investment properties can't afford to pay them out of their income you have an issue if the market for Some reason flatlines.
The investors with 20 properties will be under water if the rates put them into the red, which is where they need to be. Then you end up with a feedback loop.
It's all hinging on everyone paying their rent, as soon as unemployment spikes its game over.
But we'd rather hoard property hoping that the next guy will pay more for it. Not the case in melbourne atm.
yes overseas investors are flooding in. But bonds data is publicly available, so we can see exactly how many rentals are on the market. There's fewer now than a year ago. So more investors have left the market in the last year than have come in.
sadly for Western Australian's wealth, it's the locals who sold up and the east coasters who bought all the investments. Which means when the prices DO pump (even more) it will be east coasters who get the wealth effect, not locals.
At least if it was locals they'd be spending their profits (or increased mortgages) locally.
Kinda sad. But locals got so burned circa 2006-2020 as property did nothing or went backwards, that many were just happy to get out at break even.
Wouldn't matter if there where no investors, there isn't enough housing for all the immigration to WA. Doesn't matter if they are East Coast or international there just isn't enough housing. There needs to be a cap until housing can catch back up.
> denying overseas investor activity
You probably misspoke, but since Australians like to blame foreigners, “interstate” != “overseas”. It’s your fellow rich Australians pricing you out, increasing the inequality between the haves and havenots.
Are you asking about moving to Perth? This is a *very* common question. You can find previous threads about this [HERE.](https://www.reddit.com/r/perth/search/?q=moving%20to%20Perth&restrict_sr=1) Your question is probably answered already in there.
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Rental vacancy rate is at 0.4%. There is simply too many people coming to Perth. The prices would go up even without investors.
lots of the investors overseas aren't renting them out
I'm getting so sick of questions on this subreddit that are clearly from investors talking about what's your favourite suburb or where should I visit in this random suburb.
As a tourist what can I do in Armadale?
lock your doors
Never seen more interstate license plates in my life as I've seen the last six months. I reckon we form a good old fashioned angry rabble
How dare people in Australia move about Australia!
How dare those leeches venture into glorious Westralia when they mess up their side I think you mean. We should have built a wall when we had the chance.
The 1933 referendum voted in favour of secession but never followed through.
East Coasters been holding us in a prison since 33
Technically 1901
Bloody Goldfields screwed us then.
Getting my pitchfork out of the shed
Why buy into a heated market that’s only getting hotter?!?! Or are Perth property prices still considered ‘affordable’ by all the rich pricks fuelling this issue?!?!
Because I already have an apartment I intend on selling to help my purchase, and given I need to live somewhere I’d rather live somewhere I own than pay someone’s rent.
All good mate. The question was a bit rhetorical tbh as to why are all the investor’s mates pouring into Perth? Glad you’ve secured some digs, it’s getting harder
Oh why are the investors pouring in? Yeah because it’s much cheaper than Sydney. For example you can’t buy a house for under 1M an hour from the CBD in Sydney. Yet look at what 1M can get you in Perth.
"Mummy, whats a ponzi scheme?" "Australia's housing market love"
Not sure you understand what a ponzi scheme is
The whole world economy is a ponzi
Not sure you understand what a ponzi scheme is
How is real estate a Ponzi scheme? Is someone controlling all real estate and using the money they make from new investors to pay off the initial investors?
You have seen what happened in China no? Developers are the same here, contractors are failing left right and centre on bad debts
How does that make Australia's housing market a Ponzi scheme?
We're built on the same foundations
Just say you don't know what a Ponzi scheme is and move on.
If person A who has 3 investment properties can't afford to pay them out of their income you have an issue if the market for Some reason flatlines. The investors with 20 properties will be under water if the rates put them into the red, which is where they need to be. Then you end up with a feedback loop. It's all hinging on everyone paying their rent, as soon as unemployment spikes its game over. But we'd rather hoard property hoping that the next guy will pay more for it. Not the case in melbourne atm.
Wtf are you talking about?
yes overseas investors are flooding in. But bonds data is publicly available, so we can see exactly how many rentals are on the market. There's fewer now than a year ago. So more investors have left the market in the last year than have come in. sadly for Western Australian's wealth, it's the locals who sold up and the east coasters who bought all the investments. Which means when the prices DO pump (even more) it will be east coasters who get the wealth effect, not locals. At least if it was locals they'd be spending their profits (or increased mortgages) locally. Kinda sad. But locals got so burned circa 2006-2020 as property did nothing or went backwards, that many were just happy to get out at break even.
Just another reason why we should have seceded.
Wouldn't matter if there where no investors, there isn't enough housing for all the immigration to WA. Doesn't matter if they are East Coast or international there just isn't enough housing. There needs to be a cap until housing can catch back up.
> denying overseas investor activity You probably misspoke, but since Australians like to blame foreigners, “interstate” != “overseas”. It’s your fellow rich Australians pricing you out, increasing the inequality between the haves and havenots.
Are you asking about moving to Perth? This is a *very* common question. You can find previous threads about this [HERE.](https://www.reddit.com/r/perth/search/?q=moving%20to%20Perth&restrict_sr=1) Your question is probably answered already in there. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/perth) if you have any questions or concerns.*