NSW Sydney property prices falling

Canary in the coal mine: Why a sports car sales slump is bad news

A question for the optimists . . . Has anyone on here bought a new sports car in the last 6 months?

Or for that matter an IP in Sydney in the last 6 months?

 

I doubt anyone would have bought a sports car in last 6 months...because not many would have invested in sydney in the last 6 months...

 

I think its quite evident many markets in Sydney are cooling. I dont understand why ppl get so obsessed over it. It's normal. Just look for other opportunities nationwide in the mean time and let Sydney do its thing.

 

Yes, but you don't understand! Lamborghini sales are down!

 

Yeah... and when lingerie sales are down they'll say Australia has become a sexless country.

 

I am more interested in number of Lambo's being repossesd.....see article below..

Canary in the coal mine: Why a sports car sales slump is bad news

 

10 Offbeat Economic Indicators That (Might) Predict The Future

"Back in 2009, Hugo Lindgren of New Yorkmagazine coined this theory, which he actually called the “Hot Waitress Economic Index,” that says that the “hotter” the waiter or waitress serving you in a restaurant, the weaker the economy is. Lindgren’s assumption was that good-looking people tend to find higher-paying jobs in good times"

 

In America , the topics of country songs is a good indicator . When things are down , people want to be distracted , so it’s party time , hence the rise of “ bro country “ , which is let’s go out and get drunk.. now that’s not dominating the market to the same degree .

Now that things are picking up , artists are happy to have some sadder songs . I mean everyone’s it won’t stay good forever ...

Cliff

 

Interesting thing about the graph in the article is that Lexus hasn’t dropped as much as the others . Maybe people are starting to recognise value and not just ego ...

Cliff

 

Do you know what you get if you play a country song backwards?

Spoiler

You get back the wife, the kids, the house, the car, the bike, the dog and the cat

 

The boom has happened, the money has been made. Those who wanted a new sports car have already purchased it.

The Sydney investors have either retired or moved on elsewhere - all the hoping, wishing and willing for something more than a flesh wound for them is in vain.

The people who might get hurt by a Sydney pull back are not on this site.

But back to the question - no Sydney IPs or sports cars for me recently.

 

And here I am thinking it was because Brisbane hadn't boomed.

 

Because all future sports car owners are waiting for brisbane to boom.

 

Bogans have done alright out of the boom out west. Plenty of these on the streets of the Druitt keeping coppers busy lol:

 

Yes. Not surprising though. Bull markets = plenty of opportunities and more negotiable on salaries.
This is why the waitresses in Sydney and Melbourne are not as good looking vs those in Brisbane etc...
Take it from me...I've eaten smashed avo with $5 coffees in all cities

 

One thing to note is that Tesla is not included in this luxury list. Even though its not doing that great in Europe, in the USA it is took away luxury market share from BMW/Audi with Tesla Model S to become leading luxury/premium sedan.
Tesla’s Model S outsells Mercedes S-Class, Porsche Panamera, and BMW 6/7 Series combined in the US

Perhaps the luxury market in Australia is moving towards Tesla as well, especially with upcoming Tesla Model X?

If the Luxury index does include tesla then maybe it is a good indicator the top end is feeling the effects of china/mining slowdown and our economy is really cooling.


@sash : yep would be enlightening if repos were to suddenly spike, but then we would have our own local repo reality show start showing on TV for sure.

 

In answer to OP - yes there's still plenty of activity in Sydney (may or may not be the smartest idea). It's a massive city and engine room for Eco activity, so it will always have activity.

From our 'clued' on investment clients, we've still done a fair bit of sydney INV purchase loans in 2017 (much more of the inv money has moved to Melbourne in recent months though). More higher net wealth stuff, larger land plots, etc that have very solid growth fundamentals attached. My summary of it has been the areas where investment money has gone is becoming more targeted in pockets/areas than in prior years where any money down anywhere would do well.

 

To the OP - is there a reason you're posting scaremongering threads non-stop?? I count 8 threads from you on the first page of this forum. It's very depressing...

 

Don't really see the luxury car marker as a leadin indicator - more of a lagging one in my view.

Seem more lambos getting about melbourne cbd than ever though but dealship owner I know says sales haves deopped off due to capital controls. Make of that what you will

 

Op is posting these threads because he is waiting on the sidelines since 2010 to buy into the property market. He's hoping to have influence on the market from PC so the prices drop and he will buy them all.