Watching the Druie Drop in Slow Motion

Discussion in 'Property Market Economics' started by sash, 17th Oct, 2015.

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  1. Tranquilo

    Tranquilo Well-Known Member

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    Ok comprendo
     
    Tranquilo, 2nd Nov, 2015
    #181
  2. sash

    sash Well-Known Member

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    sash, 2nd Nov, 2015
    #182
  3. Daniel007

    Daniel007 Well-Known Member

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    Are you the author from domain?
     
    Daniel007, 2nd Nov, 2015
    #183
  4. skater

    skater Well-Known Member

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    It's not saying 45% correction, it's saying Sydney has risen 45% and a correction is coming.
     
    skater, 3rd Nov, 2015
    #184
  5. RM1827

    RM1827 Well-Known Member

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    The article blame the lack of income growth as a reason for an slowdown in prices.. However the same conditions were present during the boom. It seems everyone has a different opinion of the Why but nobody really knows for sure...
     
    RM1827, 3rd Nov, 2015
    #185
  6. RetireRich101

    RetireRich101 Well-Known Member

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    Yes I am reading....

    "...BIS Shrapnel is tipping house price falls of 4 per cent in total over 2016/2017 and 2017/2018, with the price growth over the three years to June 2018 totalling 2 per cent. This would be a real house price drop of 6 per cent, a sluggish result but not a freefall.

    In June 2018, unit prices are expected to be below that of June 2015 – by 1 per cent"

    Sash I think it IS time to take up See_Change's coloured tablets :p
     
    RetireRich101, 3rd Nov, 2015
    #186
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  7. skater

    skater Well-Known Member

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    Sorry Sash, but I agree. I think you are only seeing what you WANT to see.:p
     
    skater, 3rd Nov, 2015
    #187
  8. sash

    sash Well-Known Member

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    Agree 45% is too much...30% is not unheard of though....

    Judging by what is happening in my area..it has already fallen more than 2%.....remember the median values don't get measured daily. AS I posted an example of a T/H 3x2x2 for offers over 900k....6 months ago it would have got 1.2m plus for sure.

    Hey mate for someone who does not invest in the Druie..you are getting too wound up. Would move to hear your story....I read about the stuff you bought in Logan...please do share....
    Yes....I like my rose colored glasses....but ask the question....See change has quietly sold out some his Sydney stock....why would he do that??:)
     
    sash, 3rd Nov, 2015
    #188
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  9. Eric Wu

    Eric Wu Well-Known Member

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    not sure where See change has sold his stock. but if an investor has IPs in Mt Druit and further west, which have experienced exceptional growth for unidentified reason, well it might be a good time to sell and move to other cities.
     
    Eric Wu, 3rd Nov, 2015
    #189
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  10. sash

    sash Well-Known Member

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    I think he only sold his deals bought during the GFC in Mosman.... @See Change ...care to confirm?
     
    sash, 3rd Nov, 2015
    #190
  11. See Change

    See Change Well-Known Member

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    I've sold to pay down debt and improve cash flow .I don't expect Mosman to go up as much in the next five years as Brisbane or Melbourne .

    I'm expecting Mt Druitt to drop back . If there is another big financial bump , there will be deals in mosman and everywhere else in Sydney .

    Cliff
     
    See Change, 3rd Nov, 2015
    #191
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  12. See Change

    See Change Well-Known Member

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    yes

    Cliff
     
    See Change, 3rd Nov, 2015
    #192
  13. RetireRich101

    RetireRich101 Well-Known Member

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    wound up? I may have..... oh wait. I didn't start this post, nor am the number 1 'contributor' to this post, with zero or little interest in Druie.

    upload_2015-11-3_11-43-38.png
     
    RetireRich101, 3rd Nov, 2015
    #193
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  14. RetireRich101

    RetireRich101 Well-Known Member

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    Stalker!!!. nothing to see...move on
     
    RetireRich101, 3rd Nov, 2015
    #194
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  15. sash

    sash Well-Known Member

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    OK.......lets hear your story??
     
    sash, 3rd Nov, 2015
    #195
  16. sash

    sash Well-Known Member

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    No likely..as you published that you are buying development sites in Logan.....but understand that empty vessels make a lot of noise....are you coming to Wenty. Would love to hear about your successes? ;)
     
    sash, 3rd Nov, 2015
    #196
  17. Biz

    Biz Well-Known Member

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    Sash wants to punch on with PC members at Wenty. :p

    You need to head out to Rooty Hill RSL for that type of carry on.
     
    Biz, 3rd Nov, 2015
    #197
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  18. sash

    sash Well-Known Member

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    No Biz...not my style...would like to meet this RetireRich101 character though....:p...are you coming out to Wenty too Biz???:D I promise I won't bite unlike Skater.
     
    sash, 3rd Nov, 2015
    #198
  19. Biz

    Biz Well-Known Member

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    haha I might be tempted to come to the next one...Maybe...:p
     
    Biz, 3rd Nov, 2015
    #199
  20. RetireRich101

    RetireRich101 Well-Known Member

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    Let's stay on topic Sash...

    Watching the Druie Drop in Slow Motion

    what's my Logan purchase and my success (or not) got anything to do with this?

    Not everyone like to share what colour underwear they're wearing on youtube..

    All I am questioning is your data in your first post....

     
    RetireRich101, 3rd Nov, 2015
    #200
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