Will the "bubble" pop?

Sale in Woolloomooloo: $2,451,000. Agent says a great price, especially for a 89sqm terrace!

I wonder if the purchasers have ever driven or flown over the blue mountains and over the vast endless lands of this country ha ha

 

By that definition a share that doesnt pay a dividend is not an asset. Facebook shareholders are shaking their heads.

which tells you how useful that definition of asset is.

 

So some here may have a primary residence where they can refinance LOC $1-2m and live off this/income (LOE)? Not hard today.
Not saying its a strategy I promote, but its kind of like a reverse mortgage, but you control it.
if you are a believer, in 7/10 years primary residence will double

 

Whatever we want to call it, real estate certainly gives you choices....

 

…. All I can say is teach your children what you know

 

Stagnation coming our way? Another prediction….Matusik…. At least his Ossie


Unemployment also now below 5%, this could send signal for RBA to raise rates???

Why Australian big city house prices could stagnate for a decade | Daily Mail Online

 

Thats flat real growth. IF he’s right.

for those who have a stack of equity after the last decade’s boom? Be choosy and pick up something for the grandkids. IF you believe that the long term trend is up.

 

I am with Marusik, once we reach the new normal there will be stagnation for a while...

 

I am calling early 2022, or closer to end of 2021….. I dont believe it will be interest rates rises, but a change in market sentiment???? Lets see

 

In 2017 I called it would be 2018/2019 in NSW but I was wrong.

Do you think this will apply to WA? Places that are finally seeing some growth after nearly a decade of sorrow? In saying that personally doesn't bother me (love the idea of a capital city in Australia being cheap)

 

Like most of Australia, Perth has being doing very well over last 12-18 months, driven by government grants, government incentives, low ir, etc etc

Recently I have noticed more supply coming to market in Perth and stats are showing this. I think around 8000 properties today, compared to i think around 12,000-13000. re agents stating same

However, in saying this its still low, and there are many areas/suburbs where there is literally little/no stock which I guess will keep driving prices north

These are the areas I would be buying into, I have mentioned a few on the Perth thread. Houses not units

Perth is coming from a very low base compared to East, in particular Syd/Melb. This may be our edge??

In saying this…. I don’t have a crystal ball

I actually thought covid would kill the property market. I never expected government to print this much money, its global

Will there be a great reset?? Just make sure we have buying power if/when this happens

 

Talking to my mum today who is not into RE and currently lives in Italy: Luca "Prices are going nuts" Mum "Prices cannot go up forever, there will be an affordability issue at some point".

REA I am in contact with is saying they are trying to make the vendors understand that expectations need to change, now is like next door sold at $1M, I can sell in 2 months time at $1.1M.

I am close to getting my PPOR dream aside and keep investing. Let`s reassess in 2/3 years time.

 

Ask that American dude by the name of Harry Dent

 

Its global

I believe Turkey is number 1 for soaring property prices.

I am still in the game, but I want to make sure I am cashed up for the share market crash on 15 May 2023

 

It's possible that we are going to see hyperinflation in the future as a result, so those holding assets with manageable debt and decent cash flow will be the 'winners".

 

Yep, totally agree

I don`t think there will be a crash, just a long flat line or minor corrections.

 

Oops we have a family birthday on that day. Can u slide it forward or backward one week.

 

Could cause a few issues for construction. Off the plan prices struggle to make sense at the best of times, what happens when growth is flat. Government subsidies?