House price increase from trough ... so far

Discussion in 'Property Market Economics' started by wombat777, 1st Aug, 2019.

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  1. wombat777

    wombat777 Well-Known Member

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    I've stopped following. Markets to me seem quite stable despite the doom and gloom - at least in the markets where my properties are.

    My thought is that as soon as a vaccine successfully passes 6-month readouts in a Phase 3 trial that property markets could get a real boost. Much like the effect that happened with the Federal election.

    My opinion that now is the time to be buying as on positive vaccine news, markets could quickly move 10-15%.

    It's the Oxford trial that needs to be closely watched. 6-month readouts from the Phase 3 trial are likely to occur in Q1 2021.
     
    Last edited: 28th Aug, 2020
    wombat777, 28th Aug, 2020
    #201
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  2. wombat777

    wombat777 Well-Known Member

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    I should add. The other factor is opening of borders potentially by Xmas. Would assume that will increase confidence and demand in some localities. So maybe the next 4 months is the best time for buying.
     
    wombat777, 29th Aug, 2020
    #202
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  3. maroon

    maroon Well-Known Member

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    maroon, 29th Aug, 2020
    #203
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  4. wilso8948

    wilso8948 Well-Known Member

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    Or a game changing therapeutic treatment ayyy @wombat777. Seem to remember there's a pretty serious phase 3 interim analysis coming up in Sept.. ;)
     
    wilso8948, 30th Aug, 2020
    #204
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  5. petewargent

    petewargent Buyer's Agent

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    yes but the thread title might need to change :)

    Melbourne is now -4.93pc since peaking on 6 April

    Things have flattened out elsewhere, though Sydney's downtrend is still intact on 1 September

    upload_2020-9-2_2-37-5.png
     
    petewargent, 2nd Sep, 2020
    #205
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  6. mickyyyy

    mickyyyy Well-Known Member

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    @wombat777 as your retired I thought this thread would be good to bring back alive :)
     
    mickyyyy, 27th Jun, 2021
    #206
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  7. wombat777

    wombat777 Well-Known Member

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    I’m no longer tracking the data to enable me to do updates ( Corelogic were only providing 12 months of data so I would have a gap in data ).

    @petewargent might be able to provide a chart update.
     
    wombat777, 28th Jun, 2021
    #207
  8. petewargent

    petewargent Buyer's Agent

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    here you go (from CoreLogic's figures)

    since May 2019 election
    Sydney up 30.5pc
    Melbourne & Bris 19pc
    Adelaide 16pc
    Perth 6pc

    upload_2021-6-28_7-47-55.png
     

    Attached Files:

    petewargent, 28th Jun, 2021
    #208
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  9. maroon

    maroon Well-Known Member

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    Gosh, Sydney 30% in 2 years! I feel very poor now but maybe I did get a bargain buying recently at 33% more than the late 2016 price of a near identical neighbouring property in inner Sydney
     
    maroon, 28th Jun, 2021
    #209
  10. mickyyyy

    mickyyyy Well-Known Member

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    So Sydney is roughly 17% above previous peak! What do you think the next 12-24 months holds?
     
    mickyyyy, 28th Jun, 2021
    #210
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  11. petewargent

    petewargent Buyer's Agent

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    me? probably more of the same i reckon
     
    petewargent, 28th Jun, 2021
    #211
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  12. Illusivedreams

    Illusivedreams Well-Known Member

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    Interest rates will not go up for a while I dare say.
    We are not In The world of High rates .
     
    Illusivedreams, 28th Jun, 2021
    #212
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  13. petewargent

    petewargent Buyer's Agent

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    bookmark this one

    headline later in the week

    "Sydney prices up 3.5% in June despite lockdown"
     
    petewargent, 29th Jun, 2021
    #213
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  14. petewargent

    petewargent Buyer's Agent

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    ok...so 2.6%
     
    petewargent, 30th Jun, 2021
    #214
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  15. MWI

    MWI Well-Known Member

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    still up though...in winter, in lockdowns, in school holiday times, thanks!
     
    MWI, 30th Jun, 2021
    #215
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