Forecasting Perth’s Real Estate Boom — How We Unlocked the Secrets to the Future
The key to all of this is to gain a true understanding of the dynamics behind the real estate cycle that we teach over at Cycles, Trends & Forecasts.
Australian Housing Market
When you read articles about Australian housing affordability, it is often comparing the single average adult wage to house prices, from generations ago.
The articles generally say something like, ‘a house was worth three times the annual average wage back in the sixties and is now worth 10 times the average wage. This shows housing has become unaffordable.’
You can’t compare the two because back in the sixties it was one wage bidding on real estate.
Grab Your Share of Australia’s Huge Bounty
I’m not sure if this man is a fool or just spouting what people want to hear. Australia’s housing market is entirely a function of a tax system that does not capture the rental value of land.
The Mainstream Media Turns on Their Masters (before We Did)
Unashamed by their failures, and undaunted by their friends in the media suddenly questioning their claims, politicians are now focusing their ire on the unvaccinated.
Commodity Boom = Property Boom
With a commodity boom, comes a real estate boom. They practically go hand in hand. You’ve already seen a taste of this above. What will that table look like in five years?
The Other Land Boom
However, I do think virtual land is here to stay, even if the prices may be grossly overvalued right now.
Find Out When Australia’s Property Market Will Pop
Agents at the time were reporting a 75% failure rate in achieving a property sale on their books. There was a dearth of buyers.
