"The Crash" has been called... end of 2017.

Property might not, properties can

 

I'm just spitballing really. It's not like they have a choice. They pretty much have to sell up asap.

 

Will a month make a difference though? I'd rather sell in the new year if they aren't desperate, than around Christmas time. Although first week of December is still ok.

 

I will talk to them and see what their options are.

 

Best option if they do need to sell ASAP is to act like they don't need to sell ASAP.

 

my opinion,
if these experts were so good at predicting, theyd be betting against/for their views and making a living off it

markets are the same as gambling with different odds

no one knows

 

Thats it...go the soft launch with an agent that does plenty in your price bracket, they should have qualified buyers waiting on standby.

 

True. Although they might have been thinking of an auction.

 

Well hey hopefully they make a sale soon, christmas is definitely not a good time to sell in Perth. No ones around to transact. That said, any update on belmont? ive had a look, it seems quite an attractive Price, but it leaves me wondering about the demographic if people are willing to discount it.

 

Lucky they are selling in Melbourne. Trying to lock in the first week in December.

I would have to check Belmont. I know there is still overpriced stock. Some have been taken off the market. I am not sure how much discounting is going on. From my point of view, the biggest negative is the lack of a good high school. We need a Willeton or Rossmoyne to boost prices

 

Hey mate, spoke to an agent yesterday I deal with and asked about selling now. First two weeks are ok in December, 1st week much better. Very quite in Jan, feb will pick right back up. So either 1st week or wait till feb

 

Thanks for that. It's what we figured. They are lucky to know 2 excellent agents who work in the area. I don't think they will have any problems selling. It's a hot area. Ringwood.

 

Great area, fantastic growth

 

It will come.Prices are too high to be honest and wages are not going up either.
Good times will soon be over i presume.
People have debts

 

Melbourne and Sydney will correct. It is inevitable. However, will prices crash by 50% as predicted? Will the crash take down one of the big four banks? I don't think so.

 

It looks like the apartment market is already correcting:
CBD apartment prices are dropping nationally

The disconnect (denial?) between the industry 'views' and the stats is stark (this was recorded in Melbourne 2 days before that article was posted): https://drive.google.com/open?id=0B6P-bZoDklfSSXdJaFlGX2U3TEE

I suspect that if this continues further it will effect the housing market as first buyers and other low end players will chose apartments over housing.

 

While interest rates remain low its still blue sky today.

However, if you read between the lines Syd and Melb has slowed down from this time last year. However, still strong markets.

Many are predicting a softening or flat lining in mid 2017 for these 2 markets, time will tell.

I am not watching any other markets at the moment so wont comment.

 

With the US Fed now at 90% chance of increasing rates in December, how long will this low IR environment last in Asutralia?

 

At least 5 years if you lock in now. Even if it heads to 6% which will take time, it's still cheap compared to older days.

 

You mean 6% market rates or 6% as the reserve banks cash rate?

6% market rates would be a hike, but not dramatic.

6% cash rate would mean approx 8%+ market rate and peoples mortgage repayments might double!!! Dramatic consequences...