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3,404 Posts.

20/01/15

19:10

Post #: 14612331
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Originally posted by moondoong ↑

The mining construction boom is all but over. Massive layoffs have happened, and most others will be wound up by the end of this year.
Oil and Gas construction has a few more legs in it, but it's in the downhill run phase.
Slump in commodity prices has forced all mining companies to slash and burn spending. This has knock-on effects.
Rents in Perth are falling. Vacancy rates are rising.
The number of properties listed for sale is rising, the time taken to sell is also getting longer.
The government is building a lot of infrastructure in Perth but it's the last gasp imo. State debt levels under Emperor Col have spiralled and there has to be a slowdown in borrowing sooner or later.
There were a lot of people coming here from Eastern states. That is no longer the case. Soon if not already this will become a reversal.
There is a massive glut of apartments coming onto the market in the CBD area this year.

I reckon the above is more than enough reason to at least be very cautious. Good luck.

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May very well be the case in a situation where prices have risen on the back of crazy unsustainable factors like cleaners getting $100k

In melb and syd though there is a much better foundation of fundamentals and historical demand
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