Sydney price growth to drop or prices to drop?

May be Sydney it went too fast in the preceding years of 2004, and the resultant stagnation was revert to mean without external trigger till post 2012?


With lots of construction projects unwinding in next 12 months, mining is a deadbeat at least in terms of jobs creator, and agri getting highly automated, retails not doing great.
Without external stimulus there has to be real growth in income for boom to sustain, where do you see jobs growth(forget losses due to automation gains) coming from in next five/10 years?

 

I see that as a contributing factor but it's not enough to boom the market that hard. Also, did they start the party or join the party?

Maybe prices stagnated so much they went below the mean and that was a trigger for what happened next?

Did the start of the recovery in Sydney coincide with the end of the mining boom? I know a lot of people from the East came to work in WA on high salaries. After the mining boom they returned to Melbourne and Sydney and then those markets boomed. That could have been the trigger for all of this.

 

Property cycle - Wikipedia

 

Might want to check the sources there mate...

I could post an article about astrology but that don't mean it's true...

 

We are most definitely not going to agree on this, so carry on

I am an Aries what are you

 

I do mean literally check the sources of that article. That guy cited was a property spruiker.

When I say there is no evidence I'm serious. There are economic studies of property and the idea of a "cycle" as envisioned on PC doesn't exist.

For example: The Economics of Commercial Property Markets

 

Kieran Trass, Grow rich with the property cycle, excellent book? have you read it?

I have never seen it listed on PC as a popular book, but it remains my favourite.

MTR

 

No, never read it.

Didn't turn out too well for him though: From property guru to protester

 

The boom won't sustain. I don't see strong jobs growth for some time. It seems the Australian economy is entering a downturn. It's long overdue IMO. Successive governments have kicked the can down the road for as long as they can and now it's unwinding. The economy has stagnated. It's not healthy.

 

I recommend it

 

Maps // Atlanta BeltLine

 

RBA could raise rates eight times in next two years, ex-board member says

If this happens.... def going to impact on the market.

 

I think the thread question is worthy of a poll....

 

I laugh at this...rba potentially hikes 8 times (presumably they mean by 25 BP everytime)..in the next 2 years.
If they do that, then the economy will almost certainly be in recession.
I think the author of the article has to realise there is more to Australia than point piper and rushcutters Bay no doubt all his properties are in those locations

 

That article is a complete pile of rubbish. LOL

 

sounds pretty exciting. Atlanta BeltLine Overview // Atlanta BeltLine and more years to come before completion in 2030.

 

No wonder your scratching your head Frank

Here is the scoop.....

I say you will have both, or bit of both, depending on area,

As for the many other things in this and other threads where people think it will just flow along slower, apart from the major credit changes, this boom has a bunch of people who knew no world without the internet & how it has enabled all sorts of things....

There were a lot of planets lined up this time, most have them have passed, it does not look so good ATM, given credit, low rates, and amount people have taken up & the most crazy part, 2or 3% yield in many places, this means high expectation of large growth....not ok to just travel along and be flat while bleeding.

While things may not seem logical, I think many things are put in front of us & it is not seeing the forest for the trees type of thing at times.

 

Melbourne is still hot as **** right now. Well that's what you would believe if you went to a listing in the Western suburbs where the agents intentionally under quote the price so 50 FHBs show up and are forced to bid against each other (at a private listing). That **** is so unethical, you got hoards of young couples lined up at the door and the Agent saying "wow, so many people, it's like a nightclub!".

 

I found most the agents down there a while ago about as useful as nightclub patrons would be to a property investor