Sydney home prices now falling $120,000 a year

Discussion in 'Property Market Economics' started by Pete Arendt, 24th Jan, 2019.

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  1. Pete Arendt

    Pete Arendt Well-Known Member

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    Sydney house prices fall 9.9 per cent in 2018: Domain report

    • Sydney home prices fell $120,000 last year.
    • Similar sized falls are expected this year.
    • "It’s the sharpest downturn in more than two decades, although the duration is yet to surpass the 2004-06 slump.” - Domain senior research analyst Nicola Powell.
     
    Gee Gee likes this.
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    OMG, in 10 years my house will be worthless!!!! :eek:

    But think of the ROI if buying into the market (if rents stay the same). :confused:
     
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  3. paulF

    paulF Well-Known Member

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    @Pete Arendt , are you planing on taking advantage of the downturn?
     
  4. Simon Hampel

    Simon Hampel Founder Staff Member

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    @Pete Arendt I would have thought you would be all over the "Where to Buy" forum looking for bargains with the market growing so much - but a quick analysis of your posts shows that you only ever post negative articles talking down the market.

    Do you actually own any investment properties? Do you intend to buy any investment properties?
     
  5. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    What if he doesn't?
    does that invalidate what he has to say?
    isn't it bit silly to assume negative posts by a random poster will take down the market?

    Unless PC is an exclusive " Perma-bulls lets pat each others back" forum, I think every one has a right to post unless they are breaking any forum rules.
     
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    He doesn't actually say anything except to post negative sentiment articles - which is kind of my point.

    My policy has always been that if you don't fundamentally believe that you can make money investing in real estate, then you don't belong on this site.

    I've yet to see any evidence that he actually wants to invest in real estate or is anything other than another troll.
     
  7. paulF

    paulF Well-Known Member

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    Who are these Perma-bulls that you are talking about ? Most on the forum has been expecting this downturn (in Sydney and Melbourne) for at least a year or two and no one is denying it and many are still investing in other cities.

    It's silly not to assume that there is no agenda behind non stop negative threads too
     
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  8. New Town

    New Town Well-Known Member

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    Perma-bears are probably less dangerous to the masses than Perma-spruikers :p
     
    Last edited: 24th Jan, 2019
  9. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    its was a general statement,
    but hey... if the size fits

    :) stop it... you are too funny


    No.. what's silly ...is to think that bulls (some very astute investors) are silly enough to be swayed by posts of some random users view and bring the market down.
     
    Last edited: 24th Jan, 2019
  10. wilso8948

    wilso8948 Well-Known Member

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    legallyblonde and Morgs like this.
  11. Simon Hampel

    Simon Hampel Founder Staff Member

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    ... and can travel really really fast to be in both Adelaide and Canberra at the same time! :p

    It would be much more of a plot twist if one of the multiple identifies was a perma-bear and the other a perma-bull!!
     
  12. berten

    berten Well-Known Member

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    I don't see how its trolling. I'd argue the post indicates there'll great opportunities in the not too distant future!
     
  13. Phantom

    Phantom Well-Known Member Premium Member

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    If you observe the pattern of the OPs threads, you will better understand what Simon is talking about.
     
  14. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    If he has violated any forum rules then ban him, but just because he posts opinions I don't want to hear or like. does make his opinion less worthy.

    If I am invested in an asset I would be keen on hearing the other side of the trade, ignore it if it is noise or counter it by what I think,
    hiding my head in the sand is never a good strategy.

    @Simon Hampel I have a great respect for your effort in founding this great forum, lets keep this forum open to all ideas and welcome all opinions, counter it rationally and not personally.
     
    Last edited: 24th Jan, 2019
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  15. Gen-Y

    Gen-Y Well-Known Member

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    If I have spare change $ - I might take the opportunity to pick the bottom.
    Hopefully I don't get smelly fingers in the process. :p
     
  16. JamesP

    JamesP Well-Known Member

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    All I gather here is there's more growth to come. The sky is the limit!
     
  17. Blueskies

    Blueskies Well-Known Member

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    The problem isnt the negative bias, it's the fact the threads are just links to the mainstream media doom and gloom article of the day. Doesn't really add a lot...
     
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  18. Beano

    Beano Well-Known Member

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    When it reaches nothing call me
    I offer you double that (twice nothing)
    :)
     
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  19. Scott No Mates

    Scott No Mates Well-Known Member

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    Deed of agreement transferring the debt too?? :rolleyes:
     
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  20. berten

    berten Well-Known Member

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    The article is based on factual data, I found it interesting. One man's doom and gloom is another's interesting facts.
     
    Last edited: 24th Jan, 2019
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