HTW March 2017 Property Clock

Ooh hard to say. We might be approaching something between "OMG what even is happening I don't know anymore" and "wait, seriously?"

 

From the outside looking in it seems crazy that people would be buying in Sydney right now. And yet they are. Sydney & NSW, week ending Sunday 05 March 2017 - 1032 Total Scheduled Auctions, 80% Clearance Rate. To me that is insane. And it has been posted on this forum that markets are rational. No joke!

 

Hopefully Loooong term view .

 

Friend just bought her first home (unit 1/1/1 near Sydney city). Getting loan docs done. Yes, in one of those locations we tend think is overbuilt. But she says everything was still going under offer very quickly. I shut my mouth. Ps. She topped the HSC, so she's not an idiot.

 

When have brains or the lack of ever had any say in the emotional aspects of investing.

 

I think first home buyers don't understand the property cycle

 

We didn't with our first PPOR . Bought at peak of market in late 80's and saw it go sideways for seven years .

We have some friends , intelligent and property savy , but in the development , commercial sphere. Their son recently bought OTP in Penrith .

Cliff

 

As far as markets go for tasmania what do people think about other areas in the north west?

 

i work with a guy. Russian. very smart, very logical. bought OTP apartment Brisbane CBD...

 

Quote from the Brisbane section of the report:

"Many investors are also looking at detached homes. We’ve seen a trend towards housing in areas like Sunnybank Hills, Macgregor and Coopers Plains where investors buy highset housing and rent out the lower level separately to increase the return."

So the trend is to break the law...?

 

Not true!!!! Some of us joined PC and got edumacated before buying.....

Still could have buggered it up? In theory I didn't but who knows?....Time will tell!

 

PC first home buyers are much more edumacated than the non PC population....

 

Melbourne and Sydney are placed right.

Gold Coast, Brisbane, Newcastle and Coffs Harbour don't belong in the same category. I would put them all at around 7.30pm, still with pleanty of easy upside.

 

Agree entirely.

 

As always - take these data sets/infographics with a grain of salt. The HTW property clock is not meant to be indicative of where the trend of the cycle is at, but just to collate a general section showing where property prices have moved in the last period. If you follow these monthly over a reasonable period it gives you a good understanding of how the markets are performing - but only on a macro level which averages out the markets within markets.

 

I just had a look at the 2015 property clock and Sydney was at 12 o'clock and now at 2017 it's gone backwards to 9 o'clock, was it adjusted from daylight saving time.
Canberra currently is at 3 o'clock and declining, but it seems to have grown quite well, so that's not right.
If the market corrects in Sydney in the next few months the clock could look very different very fast.

 

Its's hard not to trust a clock which goes both ways.

• March 2016 HTW Clock - Sydney Houses past peak and starting to decline
• March 2017 HTW Clock - Sydney Houses approaching peak

Sydney market must be having multiple orgasms!!

 

It seems like the hands on the clock move independently? That is how many times can the hand on one city go round before the hand on other cities start to move?

 

I gotta say, At least for Darwin - Their commentary is pretty much spot on.

Easily the best market overview of Darwin I have read.

How did they go for other markets?