after sydney boom

Any thoughts on the next place with CG? I am thinking Hobart and maybe the coast?

 

Melb is still experiencing boom but I think both markets are close to peak, but what do I know..

Already happening but not in Australia, am playing in Atlanta USA market, its currently booming

MTR

 

Aleppo

 

MTR, another article Sydney housing boom has peaked after crackdown on investor loans: QBE

 

Bargain hunting time in Perth. If you want slow and steady then Adelaide too

 

JohnPC
Just my opinion, however I would never recommend buying in Perth market, its not slow and steady it is actually a falling market, so what this means is the value of property you purchase today could actually be worth less this time next year.

I don't have a crystal ball, however I am smart enough to understand that when the State economy is suffering and we have on going job losses we are no where close to recovery. There is an oversupply of stock and more sellers than buyers. Combine this with an oversupply of rentals does not make an attractive proposition today.

MTR

 

Have been reading and watching Melb and Syd markets, and have also posted figures on what has happened over the last 12 months, growth has slowed down in both these markets from this time last year.
What investors do with their information is up to them, my guess is ignore it....

Its not all bad... you can still take your profits off the table, buyers always lose their heads close to peak, I wonder why?? ... not too late yet.

MTR

 

I agree with @MTR. Perth market is looking grim. Prices are down but dropping, rental vacancies are high and increasing. Yields are low and dropping.

 

Yes, it will take a brave person to play in this market today.

 

not surprising- i wouldnt have thought anything else.
Perth medians need to be between adelaide and brisbane for it to deemed a fairly priced market...imo...either that can mean brisbane will accelerate or perth will fall or both to a degree ( and we are seeing both things happening).

 

That would be a massive drop for Perth, somewhere in the middle of Bris and Adelaide would be around $450K, Perth is currently $530K and Bris around $510K.

 

Not impossible.

 

Care to share some of the Atlanta purchases? Interested to see what you're buying over there.

 

There will be some real pain if this does happen.

 

Not necessarily. If Brisbane continues increasing and Perth continues decreasing then it could happen without Perth dropping massively. Remember that the median house price in Perth was higher than the Sydney median house price at one point? That wasn't because Sydney had a massive price drop. It seems ridiculous now that Perth was higher than Sydney!

 

What's the rationale for this? Both resource based economies with similar population levels. Yes Perth is doing it rough at the moment but that can happen to Brisbane too.

 

I will place some information on my other thread so this does not get derailed.

 

Perth is definitely a falling/trying to stabilize market and such markets bring out desperate vendors due to fear of loosing much more- could find a decent bargain when that happens. I am most certainly not jumping in for borderline deals. Just keeping a close eye for potential bargains.

I have a suspicion that Perth is gonna over-correct before it stabilizes, just an opinion though.

 

The title is "AFTER THE SYDNEY BOOM"
Zzzzzzzz
Still waiting
For the end of said "boom"
And waiting........................
And .......

Hobart for future growth
DD for Perth & Darwin
(the bottom can't be far away, buy in 6-9 months, 2 + years till you will see growth again, sell 4-5 years )

 

I hear not all markets in Perth are dropping. Has your latest purchase dropped further or same same?