Very interesting analysis and discussion, particularly with regards to what drives Perth property prices! everyone else is saying its population growth that drives demand/competition and therefore value of housing . but you are saying its employment in mining industry and therefore related to iron ore prices? Well, there is an almighty iron ore price crash coming due to slowing construction in china...........
Thanks very much for your comment @fatgim and glad you enjoyed this episode. Tell me more about the pending iron ore crash - curious to know your thoughts.
@@user-th8fn5kv6i chinese construction slowing down and will plummet in 2025 along with the commencement of first iron ore out of Simandou project ( the biggest untapped iron-ore reserve globally) which is chinese owned. low demand, high supply and competition with cheap iron ore is not a good recipe for WA iron ore
In the 3 months since this video was produced, Perth has increased 6.2% and Melbourne has gone backwards. The whole idea that “employment or economic diversity” has any role to play in the value of real estate is nonsense. There is a shortage of available homes in WA and a huge increase in demand, combined with highest incomes in the nation. This guy would tell you to avoid buying Manhattan Real Estate because everyone works in finance and there’s no “diversity”.
Appreciate your comment @jasontoheal. Spot on that Perth has been going gangbusters and Melb is in the doldrums at the moment. WA is very much undersupplied and seems to be look this way for some time. Demand is outstripping supply, with strong local incomes and high yielding properties making it attractive for investors - Perth as flagged by NAB for 20%+ growth over the next two years.
Interesting Discussion
Thank You 🙏
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Very interesting analysis and discussion, particularly with regards to what drives Perth property prices! everyone else is saying its population growth that drives demand/competition and therefore value of housing . but you are saying its employment in mining industry and therefore related to iron ore prices? Well, there is an almighty iron ore price crash coming due to slowing construction in china...........
Thanks very much for your comment @fatgim and glad you enjoyed this episode. Tell me more about the pending iron ore crash - curious to know your thoughts.
@@user-th8fn5kv6i chinese construction slowing down and will plummet in 2025 along with the commencement of first iron ore out of Simandou project ( the biggest untapped iron-ore reserve globally) which is chinese owned. low demand, high supply and competition with cheap iron ore is not a good recipe for WA iron ore
lol i have all ready noticed them pushing the unemployment rate
In the 3 months since this video was produced, Perth has increased 6.2% and Melbourne has gone backwards.
The whole idea that “employment or economic diversity” has any role to play in the value of real estate is nonsense.
There is a shortage of available homes in WA and a huge increase in demand, combined with highest incomes in the nation.
This guy would tell you to avoid buying Manhattan Real Estate because everyone works in finance and there’s no “diversity”.
Appreciate your comment @jasontoheal. Spot on that Perth has been going gangbusters and Melb is in the doldrums at the moment. WA is very much undersupplied and seems to be look this way for some time. Demand is outstripping supply, with strong local incomes and high yielding properties making it attractive for investors - Perth as flagged by NAB for 20%+ growth over the next two years.