NSW Sydney Housing Prices, Ratio to other capital cities

Discussion in 'Where to Buy' started by Sequin, 17th Jul, 2015.

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  1. Sequin

    Sequin Member

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    Sequin, 17th Jul, 2015
    #1
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  2. WinDyz.

    WinDyz. Well-Known Member

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    Yup that's how i see it. Compare to other capital city, if interest rate remain low for the next decade.. I don't see Sydney going sideway. Growth will be there but in slower pace - perhaps 5-6% instead of double digit.
     
    WinDyz., 17th Jul, 2015
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  3. Tekoz

    Tekoz Well-Known Member

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    So therefore price in Sydney will always goes up for the next 5 years :)
     
    Tekoz, 17th Jul, 2015
    #3
  4. HomePage

    HomePage Well-Known Member

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    Using similar logic, I've been graphing the sun rising in the sky all morning and it always gets higher. Therefore it will always continue to rise. No more night time, yay! ;)
     
    HomePage, 17th Jul, 2015
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  5. WinDyz.

    WinDyz. Well-Known Member

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    Hi Tekoz, I'm not sure about the growth in the top end of the market like 2 mill +, but apartment/unit in a good location under 1 mill i don't see how it's going sideway unless if interest rate suddenly spiked up to 8-10% in very short term.

    Rent prices has also been increasing for unit due to the high demand.
     
    WinDyz., 17th Jul, 2015
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  6. Tekoz

    Tekoz Well-Known Member

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    @WinDyz. : Yes I agree with you.
    @HomePage : lol not mate, what I mean is the under $1m price units.

    Because more people is now facing struggle in buying a house.
     
    Tekoz, 17th Jul, 2015
    #6
  7. ej89

    ej89 Well-Known Member

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    Wasn't a big fan of night time anyway.. The more sun the better
     
    ej89, 17th Jul, 2015
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  8. Befuddled

    Befuddled Well-Known Member

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    Couple of interesting observations from that graph:
    1. The peaks seem to be decreasing over time.
    2. The troughs are also decreasing

    What this tells me is that in the last 30yrs average Sydney house prices vs other capital cities has gradually trended down over time. I would expect this to continue as other cities continue to develop & lack of housing affordability forces some people to relocate interstate in search of cheaper housing, driving up demand in other states.

    If the average ratio line dropped down to 1.4x the interpretation of the graph would be completely different. ;)
     
    Befuddled, 17th Jul, 2015
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  9. Pistonbroke

    Pistonbroke Well-Known Member

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    I'd find that the commute from Adelaide to Sydney on a daily basis is A bit much.
     
    Pistonbroke, 17th Jul, 2015
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  10. Befuddled

    Befuddled Well-Known Member

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    Jobs creation is part of the development of a city. Adelaide will come out of the doldrums eventually
     
    Befuddled, 17th Jul, 2015
    #10
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