When will Sydney property market going to crash ?

Eastern suburbs and North shore hold their values well. So you have Park Ridge what else have u bought or are you waiting for Sydney to crash?

 

Interesting, according to the RP Data CEO it only dropped 8.8% and recovered in 6 months... History Shows Owner-Occupiers Could Benefit From A Housing Price Collapse

 

I heard that the west and south west of Sydney took an up to 20% hit. This is anecdotal. I can't back it up with data but property investors I know, who bought in the early 90's, claim they didn't break even for nearly 10 years!

 

I know many investors who would dispute this, in Sydney's west and south west anyway.

 

Maybe uncle @sash can give some insight or comments ?

 

When is a loss a win ????
When you have a 40% increase and then a 10% loss
I don't see it going backwards any time soon
If i buy today and it continues to grow for 6-18 months before a correction then WIN
So much so i bought IP2 OTP a few months ago, and won't be completed till July 2017
Yet I consider $10 on the Melbourne Cup a gamble

 

@Stoffo where about are you buying the OTP properties ?

 

What goes up, comes down. Just a matter of time.

 

Yeah this hasn't been true since the late 1950s

 

That's what I've been waiting here in Sydney since 2015.
The question is, whereabout to pick the biggest price drop and on which suburb in Sydney

 

Something tells me you might not be looking at the right places.

That is the biggest question. Stop looking at the places which have risen or will surely keep rising.

Regards

 

@ashish1137 So where do you suggest then ?

 

Hmmm,

Based on my limited knowledge, i love Penrith, Liverpool and vicinity (a lot money being put in to make it a small CBD) and other area is Gosford.

There are quite some bargains, specially in Liverpool.

Having said that, I would wait a couple of years and let all settle down before investing in sydney and park my money in other markets (if i have any ).


Regards

 

@Ashish ye, that does make sense.
Last year on June-July 2015, I was looking around for some older house to invest in Campbelltown areas but lost in the auction process by the East Asia people group ..
man.. they surely have very deep pocket to buy older house for more than $600k far away from Sydney.

 

I have PMd you with details.

There had been times in the past when numbers made sense. There will be time in future when numbers will make sense.

That is my take anyway.

Regards

 

Interest rates aren't going up anytime soon. Low rates is the new normal for the next 5-10 years maybe longer

 

What makes you think like that?

 

yeh I wouldn't bank on that...... and due to the lack of competition in Australian borrowing I would expect Australians to be paying top world wide interest rates as soon as they start to go back up. As soon as the Big4 see a chance they'll be padding their profits quite quickly.

 

Why do you think banks will make more profits with higher interest rates? I kind of expect the opposite.

Also why do you think there is lack of competition in the market place. I could probably approach twenty or more different lenders at the moment