NSW The Signs of Sydney Slowdown....

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

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  1. RetireRich101

    RetireRich101 Well-Known Member

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    arrhhh. here comes the bear, run for your life..:p
     
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  2. RetireRich101

    RetireRich101 Well-Known Member

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    DRUMMOYNE
    • I ran through the search from 1 Jan 2016 - TODAY for HOUSES only
    • 27 Records Found versus 15 houses in your attachment (2016), so obviously PF's Growth Chart is not in sync with their Sales search..
    • And you do realize that Price Finder is 2 and half months lagging in data, so latest sale in DRUMMOYNE is up end of June, if we run the search today.
    • And you do realize, more houses get sold in upcoming Spring :p
    FIVE DOCK
    • Similar results, see above
     
  3. Guest

    Guest Guest

    Interesting, you are right that volume on the price chart doesn't seem to be current. Though even taking into account the actual numbers/lagging data there seems to be a fairly substantial fall in volume relative to last year. Any Sydney suburbs I can find with decent turnover have flat lining or falling prices.
     
  4. RetireRich101

    RetireRich101 Well-Known Member

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    In 2015, Drummoyne, PF shows 78.
    In 2016, Drummoyne, PF shows 15.
    PF should accurately show 26 and not 15.
    PF only shows data Jan to Jun 2016 for NSW. This is 6 months data for the year, not 9 months.
    Sales as you know is not uniform throughout the year.
    There is 0 sales transactions in Jan 2016
    I would expect large bulk of the sale transactions in Spring 2016, which data will be available end of the year.
    If PF lags 2 months, rerun in Feb/March 2017, should get a complete year

    Interesting though PF in Adelaide is up to date on the sales transactions, but Sydney is 2months lagging , spewing..
     
  5. God_of_money

    God_of_money Well-Known Member

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  6. See Change

    See Change Well-Known Member

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    BB

    Not sure about what's happening in other areas , but we've just sold in Manly and the reason there would be low volume there is a total lack of stock coming onto the market .

    I have mentioned in recent posts about our sale the possibility of a blow off top , so I'm certainly not righting off the possibility of some sort of peak ( whether it's a short , medium , long term peak , or a pause before another leg up ...) , so I'll be watching what happens with interest .

    Cliff
     
  7. RetireRich101

    RetireRich101 Well-Known Member

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    I like the 'pause before another leg up'. ...
    certainly seen this in last Brisbane cycle... Thinking it peaked 2003/ 4 then it paused before another leg up in 2007/8 before it actually peaked.
    It's raining in Sydney I better go back to bed and start dreaming
     
  8. Gockie

    Gockie Life is good ☺️ Premium Member

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    Now its bloody hot. I need a season between this one and winter...
     
  9. timetoact

    timetoact Well-Known Member

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    Why would they have to wait 10 years?
    maybe, but the lack of stock is the main take out from this, regardless of the price line, stock levels are clearly depressed.
     
  10. Gockie

    Gockie Life is good ☺️ Premium Member

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    Property Twins and datto like this.
  11. lost nomad

    lost nomad Well-Known Member

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    I noticed a house in Leichhardt passed in for 1.2

    Now For Sale for 1.479

    Pretty large gap between market & expectation.
     
  12. Gockie

    Gockie Life is good ☺️ Premium Member

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    Up to the vendor. If they wanted to take 1.2m i'm sure they could have. But Leichhardt is an in demand area and i'm sure it will sell.

    Btw. That place looks tiny from the front but reasonable inside!
     
  13. dabbler

    dabbler Well-Known Member

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    I been spending weeks out west and into the mountains.....

    The first anchor has well and truly broken free, everything i look at in SW and West is moving....and quick......heating up IMO
     
  14. wombat777

    wombat777 Well-Known Member

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    Green changes to amber and the foot goes to the floor. Brakes aren't on yet.
     
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  15. Luka

    Luka Well-Known Member

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  16. Luka

    Luka Well-Known Member

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  17. MTR

    MTR Well-Known Member

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    The dark horse is Tasmania, flying under the radar.....
     
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  18. Nlang

    Nlang Well-Known Member

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    Which part and in what way?
     
  19. dabbler

    dabbler Well-Known Member

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    Hobart mainly, @ripehouse is pushing his own turf and maybe it is working ! :)
     
  20. See Change

    See Change Well-Known Member

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    I think there's more than ripehouse driving Hobart at the moment .

    Just spent some time looking for possible purchases in Hobart . six months ago you could get reasonable 3 bedders in good positions in Moonah , Lutana for 250-280 . Not now . Anything under 300 is on busy road or a renovation special or under offer . If you want to get in to Hobart , you need to move quickly.. Vacancy rates around 0.3 % ...

    If we didn't already have exposure to Hobart , I'd be buying soon .

    Cliff