AMP Capital Predicts 25% decline in Sydney and Melbourne

Discussion in 'Property Market Economics' started by Mark, 25th Jan, 2019.

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  1. Mark

    Mark Well-Known Member

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  2. icic

    icic Well-Known Member

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    those so call "predictions" are no more accurate than rough drawing of a curve on the paper on the back of a napkin based on the current trend. I remembered they where predicting a something lile 6% growth for 2018 back in 2017.

    Those analysts are being paid 300k for hot air from their backsides! Now that what I called profitable.
     
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  3. willair

    willair Well-Known Member Premium Member

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    This is a simple lesson from worldwide housing downturns is they never end well,and the more the media plays this it may well be the longest downturn in Australian history for some location's ..
     
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  4. dragon

    dragon Active Member

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  5. jprops

    jprops Well-Known Member

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  6. dragon

    dragon Active Member

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    I am quite new here.. anyway thank you. when do we expect this to go bottom and recover to growth.

    Anyway how is the bank going to give new loan now. what would be their valuation price. will it be still based on sold price for houses. I know for apartments they started to reduce bit. like to know for houses?
     
  7. JohnPropChat

    JohnPropChat Well-Known Member

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    It is falling at the moment, then stay flat for x years before signs of recovery followed by a rising market. I suspect it'll be 2022 before things start looking up. Until then cash up and/or invest in other markets etc
     
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  8. Illusivedreams

    Illusivedreams Well-Known Member

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    Unless you are telepathic and knew that APRA would introduce prudential policies to slow the market down in the manner it did the depth of the this downturn was hard to predict.

    The rest is talk.

    Although the down trend is worldwide at the moment not just Sydney Melbourne Perth Darwin and others.

    USA will be next in 12 months.
     
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  9. dragon

    dragon Active Member

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    Thanks John. What do u think best investment option now for few years at this time. Im sure shares have uncertainty as well.
     
  10. dragon

    dragon Active Member

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    Agree with you.
     
  11. JohnPropChat

    JohnPropChat Well-Known Member

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    It all depends on your circumstances, skill and available capital. Shares, property, business, investing in self education or just simply cashing up for when the market turns.

    Some investors are looking to Brisbane for the next boom market
    Some investors are looking to Perth as it's an absolute buyers market
    Some investors are going overseas

    I think, take your time to research your next market/investment. No hurry in the current climate.