Sydney prices will NEVER drop

Discussion in 'Property Market Economics' started by jaybean, 31st Mar, 2016.

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  1. jaybean

    jaybean Well-Known Member

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    Now that I have your attention, I need your help:)

    I have a colleague that insists prices never dropped after the 2003 boom. I've seen figures before of some huge drops in Western Sydney in particular (where he wants to buy). Does anyone know where I can find these numbers? I've seen them posted before, I just can't find them. I recall a few posts of properties in Kellyville or somewhere like that.
     
    jaybean, 31st Mar, 2016
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  2. bob shovel

    bob shovel Well-Known Member

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    PROPERTY ALWAYS GOES UP DAMMIT!
     
    bob shovel, 31st Mar, 2016
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  3. jaybean

    jaybean Well-Known Member

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    To the moon!
     
    jaybean, 31st Mar, 2016
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  4. bob shovel

    bob shovel Well-Known Member

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    Real friends let their friends buy wherever they want :p you've done enough
     
    bob shovel, 31st Mar, 2016
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  5. Azazel

    Azazel Well-Known Member

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    True.
    And then laugh at them with an I told you so thrown in for good measure.
     
    Azazel, 31st Mar, 2016
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  6. Phantom

    Phantom Well-Known Member

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    Which suburb does he want to buy in? Kellyville isn't a good example to show him. Medians have risen every year with two zero growth years and one -1% growth.
     
    Phantom, 31st Mar, 2016
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  7. bob shovel

    bob shovel Well-Known Member

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    It's not worth the pain, cause we all know anyone that lives in a house (or unit ;;) is an expert in property
     
    bob shovel, 31st Mar, 2016
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  8. HUGH72

    HUGH72 Well-Known Member

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    [​IMG]
    Graph 7
     
    HUGH72, 31st Mar, 2016
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  9. Hodor

    Hodor Well-Known Member

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    What if the general view on PC is wrong, currently it seems most people think its near or at peak, and it runs another 20%+?

    If your friend doesn't buy because of your advice things could get awkward.

    I don't see Sydney going anywhere in a hurry, no one has a crystal ball however.
     
    Hodor, 31st Mar, 2016
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  10. DaveM

    DaveM Well-Known Member

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    Property doubles every 7-10 hours
     
    DaveM, 31st Mar, 2016
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  11. Scott No Mates

    Scott No Mates Well-Known Member

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    That long huh?
     
    Scott No Mates, 31st Mar, 2016
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  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Go on the globe/Google Earth site, upload the globe extension. Pull out the sales in a particular area to prove/disprove your point.
     
    Scott No Mates, 31st Mar, 2016
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  13. bob shovel

    bob shovel Well-Known Member

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    :eek::eek::eek:bite your tongue! There are graphs you know:cool:
     
    bob shovel, 31st Mar, 2016
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  14. Big Will

    Big Will Well-Known Member

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    I know of faster alternatives that double every couple of seconds if you get it right.
     
    Big Will, 31st Mar, 2016
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  15. Azazel

    Azazel Well-Known Member

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    I like the not even 1 Sydney cycle property experts giving advice in the lunch room. Everyone's a genius.
     
    Azazel, 31st Mar, 2016
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  16. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Much faster if you have the right 'mindset' and are in parramatta
     
    Skilled_Migrant, 31st Mar, 2016
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  17. Azazel

    Azazel Well-Known Member

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    There are plenty of people who deserve being picked on here, he's not one of them. What's the deal, did he kick your puppy or something?
     
    Azazel, 31st Mar, 2016
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  18. bob shovel

    bob shovel Well-Known Member

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    Wtf?? Coincidence perhaps?
     
    bob shovel, 31st Mar, 2016
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  19. JDP1

    JDP1 Well-Known Member

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    sydney is the only city in australia. Anything else other than sydney is wasting money :p:)
    Even a car park in sydney is better value than a mansion in another other 'city'. Bonus if the car park is covered.
    Just ask any sydney sider who has made millions on carparks.:D
     
    JDP1, 31st Mar, 2016
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  20. Scott No Mates

    Scott No Mates Well-Known Member

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    At a pinch, I'll include Melbourne but everything else is located in country towns & subject to the vagaries of primary industry or the AUD ;)
     
    Scott No Mates, 31st Mar, 2016
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