Perth Property Market Cycle Explained

Рет қаралды 10,842

11 ай бұрын

Eddie runs through Perth's property market cycles over the past couple of decades + shares exclusive information on what the current market is doing in Perth. Is this the next boom city primed for property investors? Watch the video to find out more...
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Пікірлер: 24

@ian7033-qj9wg 10 ай бұрын

Anyone who owns an average house in Perth is now making 1000 a week in their sleep. Prices could easily double within 3 years. Everything is being sold within a week and people are still flooding in. Ive lived in Perth most of my life and I have never seen anything like this, bigger than 2007.

@gregthomson3074 11 ай бұрын

Great info Eddie. You literally answered my question right at the end regarding covid having an impact on the market.

@cardyfamily4789 9 ай бұрын

Can you please do a video on best suburbs in Perth to buy property with good capital growth

@masterbaap1 11 ай бұрын

Great advice! Only 2 or 3 years to late! The later you jump in the bigger the risk 😮

@erandalee810 10 ай бұрын

Property dip in Perth was around 2019 -2020 period not 2022

@sashaziramov9355 9 ай бұрын

So in this graph, 2002 is a peak, 2012 is a peak, but 2022 is a bttm? I do think we have a year or two more to go, houses are already 50% up from 2019.

@tracycreaser4462 11 ай бұрын

What about rural ,say york wa ?

@mitch9880 5 ай бұрын

My partner and I are priced out of Perth.. it's absolutely deflating knowing that we can't enter the market.

@eddiedilleen_ 5 ай бұрын

What price range are you looking for? We are currently finding properties as low as under 300k right now.

@mitch9880 5 ай бұрын

@@eddiedilleen_ those property prices would be just fine. We've been looking on real estate... but the options aren't showing heaps of properties in that price range ...

@mitch9880 5 ай бұрын

@dilleenproperty price range is 300-500k .. 2 bedroom, 2 car park and not an hour drive to and from work. If you can find me something, I'll buy you a 🍺

@siblingworldtv1946 9 ай бұрын

Other than talking about a 10 yr cycle he doesn’t explain the reasons for growth or what’s driving prices now😀 It’s all happening in a 10 yr cycle that’s it ?

@eddiedilleen_ 9 ай бұрын

We have a video coming out soon about the growth driving factors in Perth. Stay tuned!!

@martyncoates6035 10 ай бұрын

The Australian Dollar has dropped and looking to drop 50% further so prices in Australia rise. The increases are not 100% real terms value rising and is a lot to do with inflation and the currency dropping

@navalbhullar702 10 ай бұрын

Another year and it will dip. Please do not compare to brisbane. It has different reasons why people are moving.

@MichaelCalautti 8 ай бұрын

You need to go back a long way further mate, Perth is a TWENTY YEAR cycle. Look at the early 60's, 80's, and 2000's if you want to understand the overall average. It's about to do what it has always done and catch up for the lack of the growth over the last 15 years. Get in or miss out.

@alizamun1 11 ай бұрын

Perth is different to Brisbane.. iron ore price is going down and will stay down for a while and that's the biggest contributor to above average house prices.. Perth is at high risk of per capital recession which could potentially lead to a downturn in housing prices and also immigration will slow down rapidly once the layoffs from mining companies exceede in coming months

@craig3949 11 ай бұрын

Did you ignore the whole presentation to say this? LMAO

@ian7033-qj9wg 10 ай бұрын

Dont know what reality you are experiencing but there is acute shortage of mining and other workers in WA. Wouldnt worry me to get laid off, get a new job tomorrow. Also the price of iron ore just went up to 114 tonne.

@axedog1395 10 ай бұрын

Perth isn’t just a mining town anymore. It has diversified a lot in the last decade

@craig3949 11 ай бұрын

40 year old here. Biggest mistake is listening to anyone that tells you not to buy now it’s too expensive. Your not buying a car. It’s a minimum ten year investment. Biggest loss I ever made was selling a house before a up cycle. Stop being stupid buy what and when you can afford. Set and forget. Home should not impact life. Go and live. 10-20 years you will be better off than knob head that said it was too expensive.

@user-td9fr1jt5v 10 ай бұрын

Totally agree mate.

@kasebrah 10 ай бұрын

bang on!