When will Sydney property market going to crash ?

Great, lets try and analyse the data and trends to inform our views shall we!

 

Towards end of 2014 A work colleague asked for advise in property in Blacktown he wants to buy. My advise to him was then it's already gone too high and avoid. His FOMO went against my will and bought it for 440k. Today, this house is now 640k even in a soften market.

It may perceived as a bad advise to my colleague then in hindsight , but no one has a crystal ball. There are very experience investor here selling around 2015.

You can play with the numbers, data, media and discussion to your hearts content but it won't change a thing. It won't mitigate the overall risk parking your coin. It's all an educated guess, otherwise everyone will be retire rich.

It doesn't help trying to formulate your data here in pchat... You have people vested interest, and you have people scare mongrelling Sydney...I am the vested interest type as you and others perceived... each to their own agenda and motive I guess.

I stopped buying in Sydney late 2013. Sold one in 2016. Thinking of selling another one but I could be too late, not sure... Still holding some and some were purchased in early 2000, so had nearly 2 cycle in them. I won't be buying an investment property in Sydney probably for another 5 years as I don't see any value at present, but hindsight may proof me wrong in few years. Maybe Sydney property will drop 10-15% and rental increase 30-50% in coming cycle, and everything comes to equal equilibrium again, don't know and I have NFI

 

No worries - thanks for explaining where your vested interest (or lack thereof in Sydney) is coming from.

I disagree regarding data analysis from PChat. This is a good indicator of sentiment and combined with hard data of investor participation levels in specific property markets tells me a lot.

Cheers

 

I dont think PC has much if any influence on any market especially Sydney/Melb. I know heaps of investors and I would say only about 10% or less are on this forum. And out of that 10% not much are active and don't contribute at all.

 

Loving getting calls from REAs. Finally!

 

Market has turned, REAs are having to start doing the hard yards now.

 

What do you mean finally? Which suburb are you referring to? I've had REAs call me periodically over the past 5 years to either buy or ask me if I want to sell plenty of times. Nothing new.

 

Agent feedback from western sydney blacktown area is enquiries are down for the last month. Properties are selling but taking longer. No drops in prices, they are currently holding, but no upwards pressure on prices either.

 

Look at the effort the agent is putting into the description and also stating some obvious info. Anything to make a sale! - 12 Forester Crescent Cherrybrook NSW 2126 - House for Sale #126347830 - realestate.com.au

 

Hmm. Its as if they were being paid to sell the property.

 

Exactly. Its their job to put in effort making a sale. Especially their commission for selling something like a 5 bedder in Cherrybrook. Its going to be a big big pay day.

 

This level of detail is new. Again, another aspect of things slowing and agents having to work harder for their dough

 

You can keep telling yourself that. If this is how you determine the market is slowing well all the best to you buddy. I'm sure you will make millions.

 

Poor buggers, imagine all the damaged index fingers

 

And you keep believing it is all rosey and climbing as we all type.....

I have a nickname for you..... "Electronic Emu"

 

All good. You can believe what you want dont care a single bit. You making money or not making money has zero effect on me. As long as my numbers keep climbing I dont give damn about anyone really.

 

I do not need to believe, or be a non belielieber..... I am not trying to convince one way or the other, my mind was made up some time ago from exp.

 

Not sure if your comment is tongue in cheek. This advert has nothing to do with a turning market. More to do with the style of agent. Low volume/profile.

 

Investment in property sentiment hits 44-year low

"Only 10.5% of Aussies surveyed said they feel property is a wise place to put savings – the lowest percentage since 1973."


Investment in property sentiment hits 44-year low - SA Real Estate News

 

"Only 10.5% of Aussies surveyed said they feel property is a wise place to put savings "

And I suppose the other 90% of Aussies surveyed have a significant track record of growing wealth with their savings. Hang on...what savings..

*insert hilariously laughing icon*