NSW Sydney property prices falling

Discussion in 'Where to Buy' started by DowntownBlock, 25th Sep, 2017.

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  1. Simon_S

    Simon_S Well-Known Member

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    When you are told that property can never really fall in value and 26 years of uninterrupted growth to reinforce this view its quite easy to develop a siege mentality and believe it could never happen.
     
    Simon_S, 22nd Nov, 2017
    #581
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  2. radson

    radson Well-Known Member

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    My investment time frame is 25 years
     
    radson, 22nd Nov, 2017
    #582
  3. Sackie

    Sackie Well-Known Member

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    Tbh only dumb bells believe property never, ever falls in value. I don't know a single person who believes that.
     
    Sackie, 22nd Nov, 2017
    #583
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  4. Simon_S

    Simon_S Well-Known Member

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    You obviously hang out with intelligent people. That cant be said for most property investors I'm sure.
     
    Simon_S, 22nd Nov, 2017
    #584
  5. Simon_S

    Simon_S Well-Known Member

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    House prices fell from 1929 to 1946. That's a long time to be losing money.
     
    Simon_S, 22nd Nov, 2017
    #585
  6. radson

    radson Well-Known Member

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    You're right i should base my investment decisions on the recurrence of the worlds largest intercontinental global conflict mankind has ever seen,
     
    radson, 22nd Nov, 2017
    #586
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  7. Simon_S

    Simon_S Well-Known Member

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    WW2 didn't start until 1945 some 14 years later from when the falls began.

    House prices had already fallen dramatically by 1945.
     
    Simon_S, 22nd Nov, 2017
    #587
  8. propernewb

    propernewb Well-Known Member

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    No, WW2 started in 1939.

    Why do you even post?
     
    propernewb, 22nd Nov, 2017
    #588
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  9. radson

    radson Well-Known Member

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    As a complete sidetrack. This is an amazing graphical interpretation of WW2.

     
    radson, 22nd Nov, 2017
    #589
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  10. pwt

    pwt Well-Known Member

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    Yep, started 1939 and ended 1945
     
    pwt, 22nd Nov, 2017
    #590
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  11. Cia

    Cia Well-Known Member

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    Almost 15% annual growth in Balmain this past year for houses and 12% growth for units. https://www.realestate.com.au/invest/house-in-balmain,+nsw+2041

    A great variety of houses in Balmain but they're all going up in price, sometimes the vendor's expectations are too high and they're passing in often, but still making good profits.
     
    Cia, 22nd Nov, 2017
    #591
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  12. Perthguy

    Perthguy Well-Known Member

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    That's hilarious. Poster claims to be able to predict the future but doesn't know when WW2 started.
     
    Perthguy, 22nd Nov, 2017
    #592
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  13. bobbyj

    bobbyj Well-Known Member

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    lol
     
    bobbyj, 22nd Nov, 2017
    #593
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  14. sash

    sash Well-Known Member

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    1929 was the stock market crash...it took abot 6 years to recover...Hitler comes to power in the early 30s.....WW2 starts in 1939.....and ends 1945...that is probably why there was no confidence in the market as in the first 6-8 years people did not have jobs the next 8 years or so people did not know if they would be conquered by Japan or Germany.
     
    sash, 22nd Nov, 2017
    #594
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  15. ashish1137

    ashish1137 Well-Known Member

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    School
    School
    School
     
    ashish1137, 22nd Nov, 2017
    #595
  16. dabbler

    dabbler Well-Known Member

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    Why would anyone let that put them off ? :)
     
    dabbler, 23rd Nov, 2017
    #596
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