ANZ says Australia's housing slowdown is almost over with prices set to rise again

Discussion in 'Property Market Economics' started by Propertunity, 1st May, 2018.

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  1. KinG3o0o

    KinG3o0o Well-Known Member

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    well if every one bought on the yield , and not think of NG only or property only goes up and double every 7 years. :)


    and we wont have this problem
     
  2. Ald

    Ald Well-Known Member

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    We would not have this problem if Australians valued their money.

    1 hour from New York City, one of the biggest and most desired cities in the world and you can buy a beautiful house on huge land for $200000. For 1 million you buy a castle sized mansion on a ranch with swimming pools and stables.

    Sydney 1 hour out of town, you buy a fibre and wooden box nailed together by Bazza and Jonno for 1.2 million and it’s called a house and not a dog kennel.
     
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  3. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    Thread headline :)
     
  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    https://www.domain.com.au/news/buyers-snap-up-homes-in-falling-sydney-market-but-some-suburbs-buck-the-trend

    Top 10 house price declines
    Suburb Median Price YoY
    Penshurst $1,060,000 -19.7%
    Lane Cove $1,800,000 -18.2%
    Glebe $1,580,000 -17.7%
    Rose Bay $3,375,000 -17.5%
    Redfern $1,386,000 -16.8%
    Castle Hill $1,335,000 -16.6%
    North Bondi $2,560,000 -16.1%
    Peakhurst $1,000,000 -15.8%
    Lindfield $2,385,000 -15.7%
    Forestville $1,436,000 -15.6%
    Source: Domain House Price Report, December Quarter 2018.

    Top 10 house price increases
    Suburb Median Price YoY
    Blakehurst $1,900,000 +11.8%
    Cremorne $2,700,000 +11.1%
    Surry Hills $1,785,000 +10.2%
    Paddington $2,505,000 +8.9%
    Vaucluse $5,100,000 +8.2%
    Camden South $708,750 +6.2%
    Fairlight $2,328,500 +5.8%
    Mosman $3,762,500 +5.2%
    Lilyfield $1,755,000 +5.1%
    Avalon Beach $1,822,500 +4.1%
    Source: Domain House Price Report, December Quarter 2018.
     
  5. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    really?
    As per realestate.com.au
    • Blakehurst fell by 6% instead of 11% rise
      from 1.81mn to 1.7mn
    • Cremorne fell by 22% instead of 11% rise
      from 2.93mn to 2.26 mn
      I won't bother to check the rest
    upload_2019-2-5_12-37-45.png

    upload_2019-2-5_12-42-56.png

    Cremorne Investment Property Market Data
     
  6. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    You are not measuring data in the same time period.:rolleyes:

    You have the Blakehurst median at $1.70M based on 114 sales YE 31/8/18. This conveniently leaves out the last 3 months of 2018's sales figures.
    upload_2019-2-5_14-19-53.png

    Domain therefore has it at $1.9M based on 50 sales YE 31/12/18.

    I won't bother to check the rest.
     
  7. Kangabanga

    Kangabanga Well-Known Member

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    [Shawty had apple bottom jeans
    Boots with the fur
    The whole club was looking at her
    She hit the floor
    Next thing you know
    Shawty got low, low, low, low, low, low, low, low]

    'nuff said, enjoy the ride down....
     
  8. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    How did you infer that?
    if you hover over the chart (from link) at median at $1.70M based on 114 sales, it displays it for
    YE 31/01/19 and not YE 31/8/18

    upload_2019-2-5_15-57-53.png
     
    Last edited: 5th Feb, 2019
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  9. dabbler

    dabbler Well-Known Member

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    Looks like a lot of non normal house sales in there....

    It is futile to push back on the sentiment and direction, there is likely a large portion of people here who know exactly what has happened to buying power, so defy gravity for a bit, but sooner or later, what went up will come down.
     
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  10. dabbler

    dabbler Well-Known Member

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    I think it was another thread, yes, it was @TMNT who put it perfect.....

    All this data means nothing, what means something is comparable sales and now actual vals would come into play in places and property types too. Well they always did, but the banks were optimists and not be spanked.

    There are people who were saying areas in the SW are holding up, but if you know the areas and compare apples too apples, it is all down.
     
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