A tale from an epic housing crash

Discussion in 'Property Market Economics' started by hammer, 30th Oct, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 2
  1. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
    I guess parts of Sydney are down %20+ already, parts of Melb not far off it. Not a stretch to imagine other areas will follow suite, considering the bleed rate and headwinds. The next 6-12 will give a much clearer picture how bad it's likely to get.
     
    berten, 31st Oct, 2018
    #21
  2. radson

    radson Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    1,563
    Location:
    Upper Blue Mountains
    Can you show us the source for that?
     
    radson, 31st Oct, 2018
    #22
  3. berten

    berten Well-Known Member

    Joined:
    12th Jul, 2018
    Posts:
    600
    Location:
    Melbourne
    [​IMG]
     
    berten, 31st Oct, 2018
    #23
    Kangabanga likes this.
  4. hieund85

    hieund85 Well-Known Member

    Joined:
    16th Nov, 2017
    Posts:
    1,068
    Location:
    Melbourne
    A friend of mine got her Mel CBD 1bed apartment re-valued two months ago and the result was less than 10% increase after almost 15 years (2004-2018). But she has enjoyed the +cashflow I would assume.
     
    hieund85, 31st Oct, 2018
    #24
  5. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,861
    Location:
    Darwin
    Are these YoY? What is the source?

    In Darwin the stats lagged about 3-6 months behind. That may or may not be the case in a bigger market like Syd/Melb....
     
    hammer, 31st Oct, 2018
    #25
Page 2 of 2
Join Washington Brown's Tax Agent Referral Program