Perth property listings surge, RP Data

Property spruikers will tell you there will be a small fall of 5-10% & then prices will PLATEAU or move sideways then BOOM when wages catch up?. Property investment is O*N*L*Y based on capital gains, without this or the prospect of a quick sharp turnaround with massive rises to offset the past 3 years stagnant performance TRUE investors will shortly cut their losses & bolt for the exits. Remember you have investors who bought in December 07 @ a Median of $475K looking at Dec 2010 Median being only $475K ZERO Capital Gains after 3 years & with average A*F*T*E*R__ T*A*X losses of $7500K PA . Forecasters say prices will stay flat for the next 2-3 years So all these investors can look forward to is 6 years of next to ZERO Growth & losses of $50K plus??? How long do you think they can afford to wait, before they cut their losses? BTW the TAX office says that 80% of people claiming deductions for residential property had incomes of L*E*S*S than $70K pa so these people are not made of money & cant afford to wait it out. These are the first to head for the exits causing prices to I*M*P*L*O*D*E ... It is wishful thinking if you think prices will only go down 5-10% ....

Thanks Muppet ...Mark from Booming Vic Park of Booming Perth ..... Disgraced pretending to own property in Derby that turned out to be HOMESWEST housing .... This is the level of support Dogman & Travs draws on .... Keep it up all you do is show the reader you have nothing relevant to support your position

Meanwhile back to Mindarie Primary Grade 3.... Orrr Miss, Dogman is teasing me. Stop crying Dullsville, what's the problem? He keeps saying we were stupid for listening to Prof Keen and selling the investment property in 2007 and buying Telstra shares. OOOOrrr Mrs Jones...Trevs is teasing me. What is he teasing you about Punter? He is saying that my Dad was stupid for selling that big block in Mindarie in 2007 just before the GFC. We spent all the money on Rio Tinto shares and now we are really poor. I hate that Travs. His Dad brought a heap of gold and property instead. OOOOOrrrrr Miss. Whats the matter Not Fooled? That Mark from Vic Park is teasing me about my Dad selling those 4 units in Karratha in 2008 for 400 grand each. Mark's Dad bought them all and sold em last week for 800 grand each. That Keen bloke told us to buy US shares instead ...... or Miss were really really poor now. We're going to be renting trolls forever now. sob sob sob. As I said 3 stooges. Leave the comedy to me. Punter I'm going to make you my next RTW. Scaaarrry stuff. Not