Welcome Guest [Log In] [Register]


Reply
Will the Sydney median house price reach $1 million by the end of 2015?
Topic Started: 4 Sep 2014, 03:48 PM (22,840 Views)
Shadow
Member Avatar
Evil Mouzealot Specufestor

newjez
5 Sep 2014, 10:50 PM
Nahhh. I'm calling the top. Probably rise for a couple of months of Spring then peter out. I reckon you'd be lucky to be any higher at xmas than today. Melbourne also. I even expect the national average to drop. Using RP data. I think by xmas Brissy will be the only market not looking crap.

Basis - world economy.

If I'm wrong I'll chew my throng. (Australian not British)
Better start tenderising those thongs!
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Shadow
28 May 2015, 11:42 AM
Poll Results: Will the Sydney median house price reach $1 million by the end of 2015?
Yes 5 (16.1%)
No 26 (83.9%)


Sydney's median house price has already increased by $105K (from $840K to $945K) in nine months since I started this poll.

Only another $55K, or 5.8% growth, is needed over the remaining eight months of 2015 to see the median hit $1 million this year.

Would any of those people (the 84% majority) who voted 'no' be tempted to change their view yet?

Posted Image
What's important about a sample size of 31? I'll give you a clue: it's that darn "s" word again.
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


GloomBoomDoom
7 Sep 2014, 11:03 AM
I agree with the delivery example but not with the birthday one. The delivery example is assumed as COB Friday.
You said you have until your 50th birthday to do it. Not until your 51st birthday.
If your boss says you have to be at work by 9am and you show up at 9:59am then you're going to be sitting down with HR pretty quickly.
Also if he says you have to work until 5pm then you can go home at 5pm not 5:59 pm.
Sour grapes- you are clutching at straws.

Give credit where credit is due - you guys got is so wrong - mostly because you accepted really flawed data from people like the demographia developers.

Shadow is within a whisker or getting a prediction correct. He made this prediction at a time when it seemed like madness as the MSN was plastered with doomsters.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


skamy
28 May 2015, 12:08 PM
Sour grapes- you are clutching at straws.

Give credit where credit is due - you guys got is so wrong - mostly because you accepted really flawed data from people like the demographia developers.

Shadow is within a whisker or getting a prediction correct. He made this prediction at a time when it seemed like madness as the MSN was plastered with doomsters.
Flawed data, imposters, and armchair Nostradamus. Is that how far we have evolved civilly in 2015?
Terry
28 May 2015, 12:22 PM
Flawed data, imposters, and armchair Nostradamus. Is that how far we have evolved civilly in 2015?

Anyway, thank god for housing. Without it, all we would have is out athletes and our natural heritage.
Edited by Terry, 28 May 2015, 12:26 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Trojan
Default APF Avatar


skamy
28 May 2015, 12:08 PM
Sour grapes- you are clutching at straws.

Give credit where credit is due - you guys got is so wrong - mostly because you accepted really flawed data from people like the demographia developers.

Shadow is within a whisker or getting a prediction correct. He made this prediction at a time when it seemed like madness as the MSN was plastered with doomsters.
Remember the bears trying to argue Steve Keen was right even though the 40% crash didnt happen by 2010 and Keen had already walked up the mountain?
They were arguing everyone should give him till the end of the decade :lol
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Profile "REPLY WITH QUOTE" Go to top
 
zaph
Default APF Avatar


Shadow
28 May 2015, 11:42 AM
Poll Results: Will the Sydney median house price reach $1 million by the end of 2015?
Yes 5 (16.1%)
No 26 (83.9%)


Sydney's median house price has already increased by $105K (from $840K to $945K) in nine months since I started this poll.

Only another $55K, or 5.8% growth, is needed over the remaining eight months of 2015 to see the median hit $1 million this year.

Would any of those people (the 84% majority) who voted 'no' be tempted to change their view yet?

Posted Image
I don't know what I voted back then, but I would vote yes now.

IMO the median is very close to 'approaching' $1m.
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Terry
28 May 2015, 12:22 PM
Flawed data, imposters, and armchair Nostradamus. Is that how far we have evolved civilly in 2015?
I find your sour grapes amusing.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Shadow
7 May 2015, 03:00 PM


I think the question is no longer about whether or not Sydney will approach $1M this year (that prediction is in the bag).

That prediction was always in the bag. If it had gone up $0.01c from where you're made the statement, then yes in fact- it definitely was approaching $1m.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
GloomBoomDoom
Member Avatar


skamy
28 May 2015, 12:08 PM
Sour grapes- you are clutching at straws.

Give credit where credit is due - you guys got is so wrong - mostly because you accepted really flawed data from people like the demographia developers.

Shadow is within a whisker or getting a prediction correct. He made this prediction at a time when it seemed like madness as the MSN was plastered with doomsters.
I don't really care at all. I was just pointing out my interpretation and believe he has extended it by a year.
I still believe he was posting as Michael from Sydney back in 2008 claiming the Sydney median would be $1mil by 2011.
MSE
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

GloomBoomDoom
28 May 2015, 03:58 PM
I still believe he was posting as Michael from Sydney back in 2008 claiming the Sydney median would be $1mil by 2011.
That's illogical - I was posting as Shadow on GHPC in 2008 and as Shadow on Credit Crunch in 2009-2010 predicting a median approaching $1M by 2015.
Edited by Shadow, 28 May 2015, 04:07 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy