We're OUT! Major Warning for Perth Property Market

[@AusPropertyMasteryWithPK]

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[@TryABaconSlice]

I work in Mining and live in Perth, and honestly mining is feeling pretty shaky right now. Nickel and Iron Ore is in dire straits, lots of layoffs happening. Lithium and Rare Earths have potential but iron ore is the life blood of the city and if it cracks i feel like the property market will too

[@naguoning]

I feel like some mining is already cracking, but the market has gone mad thanks to immigration pushing demand combined with very little new supply.

[@abbot1]

I feel the same way not to mention Ai dump trucks and other machines going the way of automation.

[@mariocondello2353]

Spot on and it will crack as we head into a global economic depression.

[@meech.88]

@@TryABaconSlice 100% agree

[@escapewithct]

i work in iron ore, can confirm.

[@ctherats6023]

Here is the problem . DEVELOPERS !!!!! In cohort with the govt ! Simply - Any house that goes on the market in any suburb is bought by property developers and immediately SUB DIVIDED into two or three. No problem in planning cos 1) theres a housing shortage 2) The govt gets stamp duty on the sale and stamp duty on the sub division 3) the local govt council gets DOUBLE OR TRIPLE THE RATES ANNUALLY and only has to provide an extra couple of bins. When the properties are finished and sold, EACH ONE is equal to the initial pruchase of the single residence, 3 x the profit, 3 x the stamp dity, 3 x the council rates and 4) Three times the mortgages going to the big four banks who are lending people money wayyyy past their means - all based on the property values which will soon plummet and they will repossess and resell just like the US 2008 GFC. People out, banks and govt rich and STILL NO IMPROVEMENT IN HOUSING. Its a corrupt govt and elite developers SCAM.

[@maheah101]

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.

[@fionchan2507]

well said

[@AusPropertyMasteryWithPK]

Yes I understand thanks for sharing but I didn’t mention this as it doesn’t change the conclusions

[@maheah101]

@@AusPropertyMasteryWithPK I think it does change how we look at the data. Instead of looking at is 10 year of almost no growth, we can look at it as high growth from 2011 to 2016 and sharp decline from 2017 to 2020. It will be interesting to see how the market behaved each year from 2005-06 to 2010 before high growth period of 2011 to 2016. I know median house prices fell by 11 percent in 2008 in Perth. There would have been some markets that probably fell more than that.

[@themitchellbrothers]

@@AusPropertyMasteryWithPK This guy makes a very good point. It was 2 separate cycles which you've presented as one

[@macalacalan1175]

1. Nobody should be able to purchase property in our country unless they are an Australian citizen - not foreigners or residents. 2. Net immigration should be reduced to about 80,000 per year. Those two measures would help ensure that Australians could afford houses (as we once could).

[@bronteb8762]

Yes, bring on the next Perth!

[@ourisolife8613]

It's Melbourne. He said it in a previous video Would like to know your opinion on investors tax in next vid PK

[@gingerkilkus]

Back in the day, when I purchased my first home to live-in; that was Perth in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@JohnsonAshley-sy3lx]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@williamDonaldson432]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@foreverlaura-fq4eu]

@@williamDonaldson432 Impressive can you share more info?

[@williamDonaldson432]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 4 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@CharlesArthur-fq5sx]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@JL00212]

Where can we check the % of purchases in Perth bought by investors?

[@anthonypai6127]

Fantastic analysis, once again PK. You’re my go to for Real Estate information.

[@jeanleota6543]

There’s nothing to buy even if you want to

[@AusPropertyMasteryWithPK]

Listing are so low!

[@d.j.z.j]

@@AusPropertyMasteryWithPK yep and not really quality so need to be careful with stock on market. Saw a 4 x 2 in oreila double story on 165 sqm.. 650 k ummmmm and cockburn 190 sqm 4 x 2 for 750 k.

[@d.j.z.j]

Land size is shrinking

[@jonathonbrisbane2350]

I have a property 4x1 in safety bay that im about to list

[@jobonesAUS]

Just took me 7 weeks of doing 15 open homes a week towing two kids and loosing out on multiple properties each week to cash buyers doing no pest or structural inspections. finally got our PPOR this week. It’s a bloodbath here. Especially in the ~4 bedroom sub. 1 million space. The 8 days average would actually be around 4, if agents did opens the day after putting online as they are typically closing offers 24 hours after first open home and 99% of home are under offer that day. It’s crazy

[@mis8024]

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

[@AusPropertyMasteryWithPK]

Amazing work! Thanks for sharing

[@amandajane7760]

Great! Thanks for pricing out the local first home buyers 👍🙄

[@mis8024]

@@amandajane7760most of the properties I bought are for people asking me to buy and rent to them under market value due to they couldn’t find a rental (they can’t afford current market rents). There are a lot of landlords are doing the same. Buying to help others and at the same time it seems a good investment opportunity. Not all just making money.

[@sarahberry3819]

So why cant people buy a first home? Why is there a shortage? Could it be that there are too many people who own 5 homes & rent them out at ridiculous rent prices. There is an increase of population thanks to the government. When I first came back to Australia in 1990, you couldnt own property unless you were an Australian citizen or held a permanent residency visa…..so now we have all these immigrants who want to buy too, again less homes available for the Aussie families. Yeah well done mate, how about just owning 2 & having those other 3 homes on the market for a young couple to buy. I have nothing about people making an investment & getting ahead but there comes a point of ridiculous - owning 5 homes is just ridiculous especially if they are overseas investors….give the Aussie families a fair go!

[@kaining7622]

@@sarahberry3819 Yet it's ok for multibillion dollar tech companies to own most of the planets wealth so people can own a mobile phone in order to feed their social media addictions? I think you need to put things in perspective here. Investors with 5 plus properties are just Mum and Dad investors trying to invest for their children's future. Please redirect your messaging to people like Gina Rinehart or Twiggy Forrest as these are the people who are selling WA's future so they can make a ridiculous amount of money to found their ludicrously wealthy lifestyles. Congrats to PK for having the insight to invest when you did this will give you a much better future for you and yours.

[@bokyeahlao1]

Who are the two data driven BAs?

[@snowball05]

It's an interesting time. I agree that some areas of Perth are over valued. These first home buyer/investor areas with large mortgages are very susceptible to economic downturns. In 2022 40% of new mortgages were fixed rate, these will come off over the next couple of years into a more normal rate environment. If investors start seeing prices drop, they will look to sell, adding fuel the fire. On the flip side, record immigration will help underpin demand and rental prices. But some of this immigration was pent up demand from COVID and will normalise.

[@Adventurous724]

yes the next perth

[@nq6417]

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 !

[@kumarsharmaji]

Thanks for the videos. I did buy in perth after watching your videos about 2 years ago. Was rightfully convinced by your research. Curious to know the next perth😊

[@rohitgehlot9165]

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.

[@d.j.z.j]

Good timing. won't find anything that good any more I suppose

[@SFR666]

#SFR

[@AusPropertyMasteryWithPK]

Congrats!

[@bloodwolf1211]

You're the problem.

[@SFR666]

@@bloodwolf1211 so he is the problem for making $ 🤣🤣🤣

[@shannonroscoe4761]

Yep. Because of your KZbin clips, I bought two properties in Perth. One went up 55%+ in 18 months and another has so far gone up about 15-18% in 5 months. Thanks for your analysis! I do think both of them will go up another 10-20% at least until it flattens out a bit.

[@YogeshPatel-sv5gv]

Really PK, that’s your video??? time span for Perth and Sydney are different. Just to show Sydney volatile, specific years range has been selected to create impression that author believes.

[@Sid0419]

Yeah the first chart is completely manipulated. Pick whatever dates you like to suit your arguement. Perth was just a bunch of investors selling to each other.

[@SachinThakur-j5s]

Yes, bring on next Perth! Looking forward to it.

[@pauljarrett6546]

Yes PK - I bought in Perth in a couple of years ago after watching your KZbin predictions on Perth. I paid $330,000 borrowing 110% to cover legal and stamp, leveraging against my other property, to keep my own cash free in reserve. It's now valued at $490,000. I was able to refinance the property recently, so my other property is no longer needed for security. The rental yield I currently have is 8%. I know other people are looking for investment properties for passive income so they can retire early, but I was looking for a way to pay off my other property's mortgage quickly as retirement isn't far away for me. If growth continues for another couple of years, then I can sell it and pay out my other mortgage and be debt free when I retire. That is a great relief. Thank you for your free content and sharing your wisdom with the community. You are making a difference.

[@AusPropertyMasteryWithPK]

@@pauljarrett6546 wow that’s stellar

[@markgiles8527]

How is Perth a mining town? People Fly into the Pilbara from all over Australia, including Thailand and Indonesia.

[@Motivational_Flavio]

Mackay and Townsville are the next Perth! Thanks PK

[@luiscalderon37]

Yes it will be nice to see a video of the next Perth

[@rickpollard5573]

Yep I bought in Perth.... built in 2016. Built a second one in 2019. My first broker said we couldn't afford to have both. Thankfully we found a broker who made it work. We've still got both properties. In 2020, they were worth about 1mill combined. Their current value has almost doubled

[@davidgriggs3967]

Perth only has the growth it has now because of covid , to work in the mines you had to be based in W.A . The price of iron ore is dropping and redundancies are like to follow that means people bugger off back to what they know is a solid income leaving alot of empty houses and and crashed housing market. This why I am selling my 5 x 3 and moving back into my rental , paid $460K in 2016 for it and it's going on the market next week for $900K .

[@ranjithpowell6791]

Yes please. What is the “next Perth?” Melbourne?

[@melolas6]

We bought in sept 2021. Ours has gone up around 50% since then. We were going to sell and downsize but might hold off and see what the market does for a year or two. Thanks for the info 👍

[@justinconte436]

Great video mate. Yes please, show us the next perth that will be here in next 1 or 2 years

[@gerhardlabs6893]

I live in Perth. Homes that cost $300,000 back in 2018, are now selling for $600,000+ (Good luck finding a family home in Perth for under $600,000..) - wish I invested in property before the boom!

[@AndoStyle]

Bought 3x1 in Gosnells for $375k, 2017. Selling now in the mid $600ks to downsize.

[@willscape2085]

Yes, looking forward to the episode of next Perth!

[@sandyman692]

Great Video PK. Yes please for next Perth! Also what are your thoughts on Melbourne, seems like a low point in the cycle? Potential?

[@AninePlus]

Melbourne is a bust....

[@stevetaylor-lg6pw]

Awesome video as always PK! Yes to the next Perth :)

[@mverma30]

Yes for next Perth! Love your work PK!

[@aden1990]

Bought a 30 acre property in Yallingup back in 2021 and got an offer a few weeks back which was 271% more than what I paid, however I won’t be selling.

[@AusPropertyMasteryWithPK]

@@aden1990 nice

[@RayC01]

Yes What is the next Perth?

[@enlightme8612]

Thanks PK. Your content always inspiring. I made decision to buy in wellard 2022, look back.. , im gratefull. Truly amazing growth. Look forward to your Next Perth video 🤩. Thank you🙏

[@AusPropertyMasteryWithPK]

Nice

[@classicappetite]

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.

[@sbaber82]

Is it wise to buy townhouse in Perth these days?

[@bsvphillipines4728]

Hi PK . I bought in Dec 2021 and as of today we have had 54% growth and things are still looking good. Love your videos so thanks for all the great content.

[@jameslay1348]

Great video. What the new spot your investing in?

[@AusPropertyMasteryWithPK]

We are investing in multiple states - over 100 suburbs

[@markjones3817]

yes!

[@Joseph-s8j9u]

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!

[@AusPropertyMasteryWithPK]

So happy for you

[@jillbetts1241]

Great summary

[@tharindujayasinghe5010]

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 .

[@AusPropertyMasteryWithPK]

So good! Congrats!

[@cristianlucisano3715]

Bough in Perth girrawhine at 355 for 692 sqm current market value 650

[@agarwalvj]

PK, this chart itself is so powerful. Gr8 post as always

[@isabelleahn1733]

How about buying land release land now in areas such as hilbert and Haynes (armadale council)? Apprwciate your though PK..

[@AusPropertyMasteryWithPK]

@@isabelleahn1733 not ideal

[@ank1234sa]

What are your thoughts on Townsville? People are still buying there.

[@williamcrossan9333]

Might be too late once Propertyology has recommended it. There's quite a buying frenzy right now.

[@chrisy1998]

In regards to the melborne market, I get there's markets within markets but do you think the labour government has had some sort of play in their consolidation?

[@JaySam-c4f]

Yes, PK, bring it on !!!

[@krystianbacewicz2433]

Bought 3 in 2014 (Kwinana) all 3 have more than doubled but it was a bumpy ride. Hoping the AUKUS and new Kwinana to Fremantle projects will stimulate even more growth. I think there is $10 billion coming to that area over the next 3-5 years. Keen to get your thoughts PK

[@tk7577]

Yes (for next Perth)

[@justbecozican]

A great presentation & I’ve immediately subscribed to your channel. A constructive criticism; As a long-time property investor, I’ve learnt that R.E investing should never be called “passive income”. It’s a misleading & inaccurate term, that cannot be honestly applied to almost any investment on the planet. “Semi-passive” is the correct term. Do keep up the great work 🙌

[@Subzero0999]

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.

[@AA.AA.399]

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.

[@williamcrossan9333]

Perhaps the house price needs to reduce?

[@amandajane7760]

No, they need to start lowering the interest rates so that fewer families are forced into homelessness, which is happening at a record rate here in Perth.

[@hsvracer]

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.

[@AusPropertyMasteryWithPK]

Boom! Well done

[@arthurhuntclub]

Well said! data really matches with my experience with rental in June and July while still not much listings.

[@AshunSingh-l2x]

Is it really that hard to buy property? If you prioritize your wants I guess there is always a way. I came to Australia 6 yrs ago, my earnings were way below, somehow I managed to build first house, after 3 yrs I just signed up for the second house. I'm not saying it's easy but not that bad. Perfect time to buy in Perth

[@OzHyderabadwala]

Dear PK, thanks for Knowledge Sharing. Could you please shed somelight on calculations or tricks paying off mortgage in 5 or 7years with out buying investment property and get into Interest again.

[@michellethomas319]

Yes new Perth info 🙌🏼

[@lydialeong6708]

Yes next Perth please do another one, thank you so much 👍👍

[@solomonthomas7444]

Should i buy a property in Wandina, near geralton?

[@d.j.z.j]

Yep. Great spot I used to live there

[@solomonthomas7444]

@d.j.z.j thanks for the response...is it good as an investment opportunity?

[@d.j.z.j]

@@solomonthomas7444 it's a great suburb. Put it this was there are 1 to 2 million dollars home and 500 k homes..really high quality and good land. The issue with Geraldton is it's not potential getting the wealth effect from Perth meaning it's not a Newcastle . So it's risky in terms of growth and economics but it's really stable

[@d.j.z.j]

I'm priced out of Perth now as I live her so I'm thinking maybe Brisbane . Perth won't be affordable much longer and shit quality houses and h and l are all 700 k plus and not worth it as negative gearing will be to much risk on it for my situation

[@solomonthomas7444]

@d.j.z.j thankyou for your opinion...appreciate it.

[@drymoper2234]

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 ......😢

[@EdBarton31]

36% is close enough to 40%. Im buying (elsewhere) for the next 10 year period, not the next 10 minutes.

[@philiplim338]

PERTH definately here to stay, just hold on to what you have at the moment..Mining is not doing well, but as with all charts ups n downs...enjoy the ride together hv 2 properties both growth 100% ..sold one and keeping one :)

[@d.j.z.j]

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

[@AamerShedam]

Yes please.. eagerly waiting for next Perth!

[@magicdeaths]

Love your analysis PK . Perth has seen nice gains but still very healthy in terms of income/property price ratio. Also the top population growth in Australia. Yes commodity’s are softening but I feel there are still much space to move to compared to other capitals.

[@mediamechanic403]

bought 12 months ago southern suburb - gone up about 50%. thats insane

[@benmarshall6364]

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!

[@AusPropertyMasteryWithPK]

@@benmarshall6364 crazy!!

[@KanesTrades]

Thanks PK, your video was insightful and backed with plenty of data - very helpful. I'm currently selling a property in Clarkson - bought for $295k in 2019 and I hope to get mid $700s to maybe $800k+ (I've just pumped about $40k into renovations). It's staggering to me that a boring old suburban house in Clarkson could be worth $1mil in a year or two - that said, the data seems to point to this being the case - as you've pointed out. Anyway, I'm still happy to sell despite the probability of continued strong growth - I'm diversifying into stocks (bank won't allow me to take much out of equity to invest in stocks - so selling it is). I believe certain stocks will majorly outgrow property, but I'll still put aside a chunk of the sale proceeds for another investment property when I find a bargain in the right area. As soon as I get the chance, I'm going to circle back to your channel/profile to figure out where you get all your juicy data!

[@Westralia]

@KanesTrades Hi,just checking in if you were able to get the price you were looking for.I sold mine in Arvada Street, somerly estate ,clarksonfor 665 a year ago.2023 sept.

[@user-ii8mo5gz6h]

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

[@AusPropertyMasteryWithPK]

@@user-ii8mo5gz6h 👍🏼

[@AninePlus]

A property of $200k can not go down. The one that is over $1 million can go down... it is because no one can afford $ 1 million😅 ... monthly repayment is too expensive...

[@yuvi120]

Been renting in Perth for the last 3 years, planning to purchase a property to live in. Is it the right time to buy in Perth?

[@AusPropertyMasteryWithPK]

@@yuvi120 to live yes asap

[@yuvi120]

@@AusPropertyMasteryWithPK shall I wait until next year election will this create a any impact to intrest rates and mining downturn?

[@AninePlus]

You should have bought it 3 years ago

[@Mark-ce9xh]

Saw the recent news on China and iron? Not good.

[@sokkeangseav]

Yes, please share the next Perth!

[@minanader809]

Yes, the next Perth. Great content

[@FedericoGianti]

Yes! Thank you!

[@devo7428]

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 ?????

[@AusPropertyMasteryWithPK]

I think I answered this in the video

[@devo7428]

@AusPropertyMasteryWithPK nearly all data or available media says around 8-10% higher in 2025 so on paper it should be the right decision. But the market may be less heated so less chance of scoring an overheated buyer. Talks of people paying $100k over asking may dry up. So point being the sale price might not be 10% above today's value. Time will tell. Shouldn't go backwards atleast......

[@prabuduraipandi4143]

Yes for the next Perth

[@louistsang5300]

thank you PK look forward to hearing about next perth

[@kathleenlewis4590]

105% bought in Forrestfield in Jan 2019 700sqm 🎉

[@AusPropertyMasteryWithPK]

@@kathleenlewis4590 nicee

[@hansoncherie]

Yes to the next Perth

[@smb7576]

yes (next perth pls). we bought 3 properties in perth & mandurah area in late 21 early 22. all at $300k. they have all doubled since then. timing is everything!

[@AusPropertyMasteryWithPK]

@@smb7576 amazing stuff!

[@kirk1canedo]

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.

[@AusPropertyMasteryWithPK]

Congratulations!

[@AninePlus]

It is called Covid Boom😅

[@bencantyproperty]

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?

[@Keep_calm_and_slave_on]

I’m mad as hell ! My house was for sale in the most beautiful town with plenty of work (Esperance w.a) it was a well built 3x1 with a large powered shed and beautiful garden on a large 750m square block . It was on the market for 2 years for 150k !? The only ones that were interested in it was smart foreigners and they still wanted it cheaper

[@brendand1937]

When was it on the market for 150k? And when did you sell?

[@kibwengoientombe5556]

HOUSING MARKET...HOUSING MARKET...HOUSING MARKET AND HOUSING MARKET...THAT IS ALL PEOPLE IN AUSTRALIA TALK ABOUT ALL THE TIME...LIFE IS NOT ONLY HOUSING AFFORDABILITY...THIS THE BIG REASON I'M TAKING MY FAMILY OUT OF AUSTRALIA.

[@AusPropertyMasteryWithPK]

@@kibwengoientombe5556 all the best with your move

[@KD-rb7cu]

lol! Where are you headed?

[@OZZIEMV]

Perth will boom for a long time, there are very few tradies left, many builders have gone broke and lets face it, Perth is far too spread out. I've seen houses demolished to make way for unit developments. I myself will renovate as the stamp duty on buying a house is ridiculous with these higher prices.

[@naguoning]

It may not. The elephant in the room is mining isn't doing well lately for most things (some exceptions like gold, but most...) and mining is what created other booms. This one is strange because it is more from immigration.

[@Stanthemilkman]

I bought a 3 by 1 unit in Perth Victoria park for 515k a year ago. Another sold last month for $806k. 56.5% more. Crazy

[@stevehartnett9665]

If you want an affordable property in Perth, buy in Midland .New train station ,major shopping centre only 30 minutes drive to Perth city

[@pocupineyoulove973]

Yes, we want a video on the next Perth!

[@ernishant13]

Melbourne is next?

[@AninePlus]

Nah... the next boom is Armadale.. Melbourne is bust and will be for few years before the next cycle

[@cristianlucisano3715]

Yes please video on the next Perth

[@suecowie5596]

Yes I'd like to know the next Perth please

[@frankjanetmugisha2248]

Yes, please. I want to know the next Perth.

[@darrenmckinley4174]

Yes love your work

[@ashishgulati8697]

Bought @ 170 in Kelmscott in 2018 Sold in March @490.

[@pistolpete8539]

Bandit Country.

[@AninePlus]

It is good area..The price will keep going up... you sold it too early... soon it could go $800k

[@thereelfisho5800]

Bought in Baldivis Perth WA abit under 4 years ago for $440k now AVG $750+K was considering selling but don't want to get locked out of the market , but I don't want to miss out and the Market crash

[@荀剑阳]

yes

[@TheAllenWay-64]

Yes Please do NEXT Perth

[@badonkadonkskidz]

I believe Perth is about to peak in the coming months. That’s why I’m selling soon. The good weather has started, so time to advertise.