Sydney home prices now falling $120,000 a year

I don't agree with that statement at all.

 

Did you make it to the first line? "Sydney’s median house price has dropped almost $120,000".

The charts and data have nothing to do with literacy, academia or emotion, they're facts.

 

So, who lost $120,000 in actual transactions?

 

Well I simply refuse to believe that! Us property investors are universally loved are we not?

We put a roof over the head of the disenfranchised, we stimulate the economy with our investments, we provide liquidity to the property market, we keep avocado in the mouths of millennials. What's not to like?

 

Head over to the Sydney price corrections thread and see.

 

We did, much more than that.

Life goes on, not first rodeo, etc.

But hey, based on new research* we're going to buy a couple of cheap suburbs because parts of Sydney are about to turn into Detroit. Houses will be $1 in a few years time!

* this thread

 

Sorry to hear that mate. I’m sure you will find other opportunities at the right time. I recall that you were actively investing.

 

Thanks. Along thread it is.

 

There is one for Melbourne too but it's less active, they are a good way to keep a finger on things as people with specific suburb knowledge tend to chime in.

 

Some PC members would lead one to believe that this will be the case .

 

Thanks & absolutely Wouldn't have been the first time and won't be the last time. On the balance confident we'll come out front as a nett result.

 

it must be fake news

 

Did not bother reading the article. I think I know whats happening

..... at the end of the day its a property forum, investors only want to hear good news.

Smart money were out of these markets 12 months ago

 

But the article is positive, people will see what they want to see and what suits their biases. I think you are being negative as the article is only stating the fact the that median house prices have fallen 9.9% in 12 months. Which was needed and expected not necessarily bad but if you are negative you may think so. It says that house prices have increased 89% in six years ! and that the current slump is not as bad as the 2004-06 slump, and that this slump could be over next year,

 

Maybe. Maybe not. Certainly not the point. What was the intention of the poster in posting this article and many similar ones? Was it to highlight future buying opportunies? Or something else? We don't know because the poster very rarely posts anything except articles about prices falling. Without context we don't know why.

I wasn't commenting on the article, I was commenting on the poster.

 

Right, we must get to the bottom of OP's true intentions!

 

Well?

What's your point about her same same article.

You are in the US. Are you buying here? Or spruking US sales like some others here.

Ok so you will publish daily negative articles re Sydney.

Why not focus on South Australian opportunities or Brisbane or Tassie or regionals.
It's easy to grab some negative lines. It takes a much larger intellectual capacity to identify opportunities in a depressed market.

 

Thats not true.

Some aren't like you who bash any one with positive mindset.
I don't mean delusion.

Although you have a negative bias. It's fine. It's Just depressing at times.

Investing in property is not just for the boom times.

 

Oh dear... read the thread, my point is clear.

I'm not in the U.S anymore, I’m in Melbourne. not spruiking just calling bs where I see it, and yes I am positioned to buy and will, in cash, once I believe the ass has finished falling out of the market which won’t be anytime soon IMO.


Thanks.

 

I did not read the article, no idea what it is about

No point getting emotional, best thing to do is provide evidence to support your argument.


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