The only way Isn't up

But have you not realised the center of the universe is Syd and Melb

 

I am keeping in cash..except for super which in Indexed Balanced..waiting...waiting......only exposure is going to 5% of net wealth....

 

Fixed.

 

Hehe
70% + on PC from Syd we are out numbered

 

This is how they see their markets...

 

I'm not doom and gloom. I just started taking the data seriously when the market turned last year.

I'm still not even sure the market will fall because government intervention will keep it propped.

All I know is I wouldn't invest much money it. Not at this point, it's too unstable.

 

Where exactly in Australia is too unstable? All of Australia or certain markets?

 

The problem in some markets is that they have actually been too stable... for years.

 

the whole country is too unstable because we're so reliant on the capital property markets

 

OK mate. If that narrative is working for you then good. Many people have a different narrative and they have gown much wealth and will continue to do so. Not much else I can say.

 

Anyone who has greater than 500k mortage in all those estates over 25kms from sydney cbd is very unstable

 

Admitting, I know very little about new estate 25km from the CBD. What I do know is Quakers Hill is 43km from the Sydney CBD and old crappy homes are going for 800k. So I don't think 25km from the CBD with a 500k mortgage is a big deal tbh unless there is some X factor that is affecting the area.

 

This is a worry

 

Property doubles every 7 to 10 years

Property doubles every 7 to 10 years

Property doubles every 7 to 10 years

 

Hahahaha

 

A lot of wealth has been made but soon the chickens will come home to roost.

 

And like you said, the market either goes up or down. the question is: if Sydney comes down, what impact would that have on our economy?

 

Markets always fluctuate over time, that's nothing new. The economy will be fine. I am not saying markets won't correct. I've said many times before than many markets will shift which is normal. Just don't see a total collapse like your suggesting .

 

Just so you know I don't hold that view, never have ( incase that post was directed at me).

 

There's too much household debt. Any slow down of the economy could have a huge impact.