What are Sydneysiders now doing? (investors and home owners)

I'm thinking Sydney is just past denial moving into fear. I can't see enough general worry and have only seen very very isolated panic.

 

That's why it's important to take either a plane or build a bridge, because boats can get wrecked.

 

I’m keeping powder dry and keeping more powder. Haven’t really been following much since last purchase. If there’s an opportunity to get more income, do it and save more. And have a hobby.

 

I think,
next 6/12 months where panic will set in,
2020 will be despondency,
2021 would be time of depression and maximum opportunity.
even then the recovery won't be in hurry as the structural shift in credit availability will remain for few more years.

 

I have similar thoughts... based on below chart, further interest rate rises, possible migration cut, a chance of CGT discount and NG removal.

 

Which markets are you referring to when you say 'other markets'? Some small markets don't have depth. Putting money there may mean that you're stuck there for a long time may not be able to liquidate/ make money by the time opportunity in big cities come up.

 

I meant 'other financial markets', not just RE. E.g. NASDAQ index increased 20% YoY, DOW 17%+, etc. Considering falling AUD/USD the profit is even higher.