Property Downturn Charts – by the ABC

How low can you go? Data shows impact of property downturn in your suburb

Nice and colourful...

As Steven Pinker puts it: "There is only newsworthiness in tragedy"

 

Nice find. Needs more hover tooltip to let you know what area you're looking at though.

Was a little surprised at the 2016 Melbourne declines - didn't notice that at the time... certainly not to that extent

 

ABC are doing a 3 part story
What is the future of Australia's housing market?

 

Thanks for sharing, that auctioneer scene seems to be what our forum members on the ground are observing too

 

What is interesting from the charts is that most property market downturns are no longer than two years and the longest (eg. Darwin) are 4 years. Not that that will stop the media whipping up a few frenzies...

 

What often filledf the 2 year drop is a period of stagnation

 

Where do you get this information from?

I think you'll find they can be a lot longer than that....

 

From the "Housing market declines since 1980" Chart.

Each of the Sydney declines (there are over 5 of them) lasted no more than 2 years

The longest downturns have been Perth and Darwin (2014–2018)

Granted, these are city and not suburb-specific, and they don't show periods of flat / no-growth, just declines, so it is not the full story, still interesting.

 

Longest downturns are after the longest run ups. So the graphs would indicate 2 years is the start line for this one. With 4 being likely. We are in the first stage then.

If this is the logic you are using.

 

Just for some light entertainment.

 

good to look back at and see what years and areas you made your purchases and what part of the cycle!

 

Sorry, wrong thread

 

I'm not sure I follow.

If Sydney and Melbourne behave now as they have in previous downturns, then prices would continue to fall in 2019 and recover in 2020. That is, according to the ABCs chart, and again, this is not suburb specific.

 

This up is bigger. So this down should be bigger.