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Will the Sydney median house price reach $1 million by the end of 2015?
Topic Started: 4 Sep 2014, 03:48 PM (22,831 Views)
Loki
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Mallard
4 Jun 2015, 09:21 PM
I would say the impact of house prices on incomes is zero. What's your hypothesis?
You would be wrong.

Here is a clue.

Which organisation is the country's largest employer, and what is that organisation's sources of revenue?


“Talk sense to a fool and he calls you foolish.” - Euripides
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Shadow
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Evil Mouzealot Specufestor

Now $961,000 with seven months to go... http://australianpropertyforum.com/topic/10329741/

Anyone want to change their vote?

The voting currently stands at 84% 'no' and 16% 'yes'.
Bardon
4 Sep 2014, 05:07 PM
It might even punch through that level all going well.
Good call.
goldbug
5 Sep 2014, 09:00 PM
Now the good times are over so I can't see Sydney going any higher in the next 5 years.
Bad call.
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)
Yum. Thongs.
Edited by Shadow, 26 Jun 2015, 03:47 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.
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Shadow
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Evil Mouzealot Specufestor

Median house price in Sydney tops $1 million for first time

Posted Image
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.
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Drgonzo
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all credit to you Shadow you got it right
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Bardon
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Roll on Melbourne and Brisbane.
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Shadow
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Evil Mouzealot Specufestor

Sydney now $1.04M in August... could it get to $1.1M by the end of the year?

Posted Image
Edited by Shadow, 1 Oct 2015, 01:36 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.
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Veritas
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Shadow
1 Oct 2015, 01:35 PM
Sydney now $1.04M in August... could it get to $1.1M by the end of the year?

Posted Image
Lets hope so.

We are getting to Dublin 2007 levels now.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Terry
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Veritas
1 Oct 2015, 06:37 PM
Lets hope so.

We are getting to Dublin 2007 levels now.
Yes, it's a kind of Moores Law approach to predicting asset prices.
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Ex BP Golly
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Shadow
3 Jun 2015, 10:27 AM
Thanks. Yes, I reckon I got very close, if not spot on!


They do now, but they didn't back in 2008 when I first predicted the Sydney median would approach $1M by 2015.
So many predictions you could hardly go wrong. You say in thread title "will they reach $1m by end of 2015", yet here you say "approach $1m by 2015", and a whole bunch of other permutations lol.

You are so busy patting yourself on the back with both hands it's the only thing restraining you from ripping the ears off it in public.

Go boy!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Shadow
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Evil Mouzealot Specufestor

Ex BP Golly
2 Oct 2015, 02:56 AM
You are so busy patting yourself on the back with both hands it's the only thing restraining you from ripping the ears off it in public.
Ears on my back? :bl:
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.
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