Australian housing market facing 'bloodbath' collapse: economists

Discussion in 'Property Market Economics' started by Sackie, 19th Jun, 2017.

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  1. Sackie

    Sackie Well-Known Member

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  2. Sackie

    Sackie Well-Known Member

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    Good on you for seizing the opportunity there. Takes courage to be great. Easy to be a coward and shout crash, crash every single day of the year. Year in, year out. ;)
     
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  3. Biz

    Biz Well-Known Member

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    I like the advertising banner at the top of this site.

    Australian recession coming 2016!!!

    Australian recession coming 2017!!!

    Australian recession just hurry up and ()$&@ happen already!!!!
     
  4. Sackie

    Sackie Well-Known Member

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    The Australian recession is coming 2018. Stay tuned.
     
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  5. Angel

    Angel Well-Known Member

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    Don't drop your ciggie into a bathtub full of notes.
     
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  6. Sackie

    Sackie Well-Known Member

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    I'd say he's OK with burning money :D
     
  7. MTR

    MTR Well-Known Member

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    very funny, just imagine that
     
  8. Perthguy

    Perthguy Well-Known Member

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    I heard 2019. ;)
     
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  9. Foxdan

    Foxdan Well-Known Member

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    From memory, neither of them turned out to be economists and one was a uni student.
    But if the housing market did collapse back to prices from 3yrs ago, would you still post this? There were lots of people gloating prior to the gfc thinking everything would be rosy forever.
    There has been a economic recession in the USA of some sort within 12-18months of a new president in the USA replacing a prior 2 term president. This has happened since the 1930s and trump replaced Obama 2 terms in the hot seats. The USA sharemaket is at record highs based off the trump marketting machine, USA sentiment is at record highs, USA retail and restaurant profits are at record lows. It's been nearly 10yrs since the gfc and no real economic downturn since.
    What are you going to do if your confidence is wrong and the USA tanks? How will Australian property look then?
     
  10. MTR

    MTR Well-Known Member

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    I think that was whgat @sash has mentioned.

    Personally I think sooner?

    Currently I think we only have 2 booming markets, Syd and Melb, I believe some softening, but I cant confirm as I am not looking at these markets, but just what I have heard.

    The idea is that Brissy and perhaps other markets will boom shortly? don't know? I do wonder though if finance tightens, interest rates continue to rise and investors can not source loans this would impact on all markets??

    Can all markets be correcting at the same time? Happened in GFC, except Melb market which was booming
     
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  11. Perthguy

    Perthguy Well-Known Member

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  12. sash

    sash Well-Known Member

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    Rubbish....the Sydney/Melb market will never go down...this time it is different....they will hit 1.5m medians.....;)

     
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  13. Silverson

    Silverson Well-Known Member

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    I assume this is a tongue in cheek comment but on a serious note I would forgive someone for thinking 'this time is different'. It takes a level head and investment experience in my opinion to realise it is not different and that house/land prices will recede in the future. Yes in the long term I do believe prices will inevitably increase but it will not go up in straight line, money is made when you buy not sell.
    I'm a little younger than afew experienced investors here, so a part of me does want a recession/correction in housing prices, mainly to witness and note the signs of a retrace/change in sentiment as I have never witnessed one in my time and really didn't care about investing untill 2012/13. Sure my wealth will take a hit but it's a price I'm willing to pay for a lesson that I think will serve me well in the future with property/economic cycles.

    Would any of the more experienced posters/older posters be kind enough to share their warning signs from past downturns. My father always references the late 80's and early 90's but never goes into details as he isn't an avid investor
     
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  14. MTR

    MTR Well-Known Member

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    [
    whats the median of Syd now, not been looking lately
     
  15. MTR

    MTR Well-Known Member

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    I will give it a shot, here are some

    Interest rate rises
    Market sentiment changes, more negative media coverage
    Affordability out the door
    Changes in financial policy/tightening
    Economy/business' struggling
    Immigration policy changes, making harder for foreign investors to buy in OZ
    More stock coming to market, going to oversupply
     
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  16. Cactus

    Cactus Well-Known Member

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    Was that some of the signs in the past or exactly what your seeing now?
     
  17. sash

    sash Well-Known Member

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    $2m?
     
  18. Hwangers

    Hwangers Well-Known Member

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    yep crash will come!!! DOOMSDAY - RUN FOR THE BUNKERS

    (typing this whilst am sipping on another green tea vanilla matcha soy latte and nibbling some poached eggs with avocado and feta smash on sourdough)
     
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  19. Perthguy

    Perthguy Well-Known Member

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    No way mate. That was last week. ;)
     
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  20. kierank

    kierank Well-Known Member

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    People saying "It is different this time".

    People who think they are investment experts as they have made a motza from investing in property and are now going to repeat that "success" in shares/EFTs/LICs.
     
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