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NSW The Signs of Sydney Slowdown....

Discussion in 'Where to Buy' started by sash, 29th Jun, 2015.

  1. sash

    sash Well-Known Member

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    The signs are there that Sydney will slow...in the coming months/year....

    Whilst some of the articles like BIS are funny..as I think they have not got it right in the past.press articles like below will affect people's psychology and affect buyer sentiment. Some articles which are becoming more prelavent. Commentary is most welcome....:D

    http://www.news.com.au/finance/real...y-prices-to-fall/story-fncq3era-1227416605503
     
  2. See Change

    See Change Timing Lord Premium Member

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    Last winter there was a series of articles in the SMH generated by comments from Andrew Wilson who is the chief economist from domain which implied the market was running out of steam and he felt the market might have peaked . There triggered a few copy cat articles in other media articles .

    I know there were links on somersoft and you may find them in the lets hype Sydney thread .

    Winter is always slower is Sydney . Cold , people don't want to go out looking at houses .

    So far the clearances are holding up better than last year . I'd expect to see more such articles and I'm sure Andrew Wilson will be responsible for some . To me he seems to be a fairweather bear . His natural instincts are bearish , but when he sees convincing evidence of price rises he's happy to come out of his cave and call a continuing boom .

    I'd expect clearance rates to drop below 80% resulting in the end of the boom to be called in the next months .

    I'd expect more negativity over winter from most of the commentators . The most interesting voice to listen to will be the voice of the buyers in spring time .

    Another interest rate drop and no major bad news . Strap on for the Sydney property sleigh ride as it goes around for another year .

    Cliff
     
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  3. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    One of the questions I get asked frequently from prospective clients, is: "Is now a good time to buy?" If I had a $1 for everytime I was asked that, I'd be a darn site more wealthy than I am today :p

    Nevertheless, if say the Sydney market goes up another 10-15% over the next year or so (which I expect from what I observe from being at the coalface everyday), even if the market comes off about 5% (which it has tended to do historically, after a boom, for well located, median priced property), then you'd still have to pay 10% more than today's prices if you decide to wait.

    Sure a lot of the growth has occurred over the last 2-3 years but that does not mean you can't still make money in any market.
     
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  4. sash

    sash Well-Known Member

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    Maybe.....but the smart money is moving South or North....
    Maybe in 2-3% of Sydney.....as I said the smart money is moving to the North or South.
     
  5. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    I have no issues with moving some focus to the North - even if the predictions for Brisbane are only 5% for the next 12 months. (although I'm sure that could be improved with careful property selection).


    We only tend to recommend the best bits of Sydney, as you'd expect.
     
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  6. willair

    willair Well-Known Member Premium Member

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  7. Joshwaaaa

    Joshwaaaa Well-Known Member

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    ^^ I know what I'll be putting on to put myself to sleep tonight
     
  8. Tekoz

    Tekoz Well-Known Member

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    Sash, you could be right, looking at the property clock that was on the other thread, the South is Melbourne and the North is Brisbane, is that correct ?
     
  9. sash

    sash Well-Known Member

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    Yes...just like Mexico and Canadia....

     
  10. Tekoz

    Tekoz Well-Known Member

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    Yes, I concur: http://news.domain.com.au/domain/re...ection-next-bis-shrapnel-20150628-ghykwo.html

    The article above seems to be forecasting the downturn of Sydney and the rise of another states.

    @Jacque is this you or just coincidence: "Real Estate Buyers Agents Association of Australia president Jacque Parker" ?
     
  11. See Change

    See Change Timing Lord Premium Member

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    It is Jacque.

    Cliff
     
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  12. Tekoz

    Tekoz Well-Known Member

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    Wow, that's cool to know that he is a respectable member of SS and PC forum. :cool::cool:
     
  13. Mumbai

    Mumbai Well-Known Member

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    She.
     
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  14. skater

    skater Capitalist Premium Member

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    I think there's still some growth to be had. Yes, agree that the smart money isn't currently buying, but that doesn't mean that others aren't. :)
    Jacque is female!
     
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  15. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Sash you really are driving this shooting Sydney down aren't you? :rolleyes:
    Seems like every thread you start is about how Sydney is all done and dusted haha
    We'll see what the future holds!:eek:
     
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  16. Mumbai

    Mumbai Well-Known Member

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    It makes me rethink my decision to NOT sell my IP in Sydney.
     
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  17. See Change

    See Change Timing Lord Premium Member

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    Ulterior motive maybe .;)

    If Sydney stops , then investors will look for some where else to buy ......:D

    Sash . Have you bought in Brisbane yet ? :cool:

    Cliff
     
  18. skater

    skater Capitalist Premium Member

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    I believe he's currently buying in Melbourne.
     
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  19. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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  20. MsAli

    MsAli Well-Known Member Premium Member

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