Property Clock

Discussion in 'Where to Buy' started by LifesGood, 7th Dec, 2016.

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  1. LifesGood

    LifesGood Well-Known Member

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    The latest property clock is out. Being that I'm isolated in my own little PERTH world, I tend to agree that we are at the bottom of the market. How long we sit here for is anyone's guess though...
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    LifesGood, 7th Dec, 2016
    #1
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    They do a pretty good job, accurate most of the time
     
    D.T., 7th Dec, 2016
    #2
  3. Propertunity

    Propertunity Well-Known Member

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    I don't put any faith in that clock. They have Sydney in a rising market and the NSW Central Coast at the peak of the market. The NSW Central Coast peaks about 9-12 months AFTER Sydney (ripple effect) if history is anything to go by.
     
    Propertunity, 7th Dec, 2016
    #3
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  4. Whitecat

    Whitecat Well-Known Member

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    Yes like when they had Brisbane at rising market for a few months and then put it down at start of recovery again the next month. Which was fair enough. Brisbane had some good growth but there is still a long period of steady growth ahead imo to catch us up to the long run relative average.
     
    Whitecat, 7th Dec, 2016
    #4
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  5. Whitecat

    Whitecat Well-Known Member

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    That is because things are retracting. Just as the outliers peak later, they also decline first. When demand is weaker the nucleus is the safe bet.
     
    Whitecat, 7th Dec, 2016
    #5
  6. Realist35

    Realist35 Well-Known Member

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    Hi Whitecat,

    Would you know what the long term average is for Brisbane?
     
    Realist35, 7th Dec, 2016
    #6
  7. MTR

    MTR Well-Known Member

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    its just a guide like medians far too broad, I take these in the same vein really
     
    MTR, 7th Dec, 2016
    #7
  8. Big Will

    Big Will Well-Known Member

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    Same as Melbourne being further across the market then Sydney.

    If Sydney is still rising then Melbourne would still be rising to.

    If Sydney was at the peak I can understand Melbourne might be in rising or reaching the peak.

    Then again I live in Melbourne so maybe I am just biased :rolleyes:.
     
    Big Will, 8th Dec, 2016
    #8
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