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It's ok guys, when the 40% crash happens you can buy for 2014 prices!; Lol
Topic Started: 23 Aug 2015, 12:47 PM (2,060 Views)
createdby
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Hankook
23 Aug 2015, 01:26 PM
Hahahahaha that's just makes a 40% drop look more unlikely. Keep on dreaming

Unlikely? They did drop significantly since 2007, twice.

https://www.realestate.com.au/neighbourhoods/south%20yarra-3141-vic
Median house price for South Yarra:

2006: $850,000
2007: $1,000,000 - dropped 14% after a year
2008: $860,000
2009: $1,142,500 - dropped 40.8% after a year
2010: $676,350
2011: $927,500
2012: $1,000,000
2013: $1,157,500
2014: $1,185,000
2015: $1,560,000


Wachu think you're gonna get another China stimulus? Where's your stimulus gonna come from now?






Edited by createdby, 23 Aug 2015, 01:51 PM.
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Hankook
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createdby
23 Aug 2015, 01:45 PM

Unlikely? They did drop significantly since 2007, twice.

https://www.realestate.com.au/neighbourhoods/south%20yarra-3141-vic
Median house price for South Yarra:

2006: $850,000
2007: $1,000,000 - dropped 14% after a year
2008: $860,000
2009: $1,142,500 - dropped 40.8% after a year
2010: $676,350
2011: $927,500
2012: $1,000,000
2013: $1,157,500
2014: $1,185,000
2015: $1,560,000


Wachu think you're gonna get another China stimulus? Where's your stimulus gonna come from now?





Did you miss the boat in 2009?
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Hankook
23 Aug 2015, 01:07 PM
Ok, I edit my post from 2014 prices to 2013 prices lol
Everywhere except Sydney and Melbourne. 40% decrease in Adelaide will take it back to 2005-2007 prices :D
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Loki
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createdby
23 Aug 2015, 01:45 PM

Unlikely? They did drop significantly since 2007, twice.

https://www.realestate.com.au/neighbourhoods/south%20yarra-3141-vic
Median house price for South Yarra:

2006: $850,000
2007: $1,000,000 - dropped 14% after a year
2008: $860,000
2009: $1,142,500 - dropped 40.8% after a year
2010: $676,350
2011: $927,500
2012: $1,000,000
2013: $1,157,500
2014: $1,185,000
2015: $1,560,000


Wachu think you're gonna get another China stimulus? Where's your stimulus gonna come from now?





Or units in Airlie Beach

2006 - $612,500
2014 - $383,500

A 37% drop.

Or units in Townsville
2007 - $622,950
2008 - $420,000
2014 - $350,000 <= The economic recovery

A 43% drop.

Cities are immune to these kinds of price falls though, because bridges n' stuff.

To be fair though, the ASX200
2007 - 6738
2015 - 5214

A 22% drop.

A retail bank account over the same period would have earned roughly 45%.

Inflation (CPI) over the period was roughly 20%.




“Talk sense to a fool and he calls you foolish.” - Euripides
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Chris
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Hankook
23 Aug 2015, 02:17 PM
Did you miss the boat in 2009?
After reading your OP and subsequent prices it appears you are the only one that missed the boat!!

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Foxy
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Zero is coming...

Hankook
23 Aug 2015, 12:47 PM
http://www.domain.com.au/news/melbournes-hottest-suburbs-for-house-price-growth-20150821-gj4bzj/

Anyone hoping for there inner city dream home at a bargain price is dreaming....
Why are you cherry picking the inner city suburbs??

Peter
Loki
23 Aug 2015, 02:29 PM
Or units in Airlie Beach

2006 - $612,500
2014 - $383,500

A 37% drop.

Or units in Townsville
2007 - $622,950
2008 - $420,000
2014 - $350,000 <= The economic recovery

A 43% drop.

Cities are immune to these kinds of price falls though, because bridges n' stuff.

To be fair though, the ASX200
2007 - 6738
2015 - 5214

A 22% drop.

A retail bank account over the same period would have earned roughly 45%.

Inflation (CPI) over the period was roughly 20%.

As they say, the truth hurts.

Peter
Edited by Foxy, 23 Aug 2015, 03:53 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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The Whole Truth
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A delusional bull thread that quickly morphs into a jerk circle. It's all they seem to come up with now
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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provocateur
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The Whole Truth
23 Aug 2015, 04:32 PM
A delusional bull thread that quickly morphs into a jerk circle. It's all they seem to come up with now
Toppy stuff. They actually think that it can go on forever. Even when we are seeing evidence of weakness in mining, equities, etc.
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createdby
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provocateur
23 Aug 2015, 04:48 PM
Toppy stuff. They actually think that it can go on forever. Even when we are seeing evidence of weakness in mining, equities, etc.

I actually congratulate the bulls who invested in early to mid 2000's, whether they foresaw the debt expansion and/or got lucky with the China stimulus, they banked it.

However, I have no respect for bulls who, as you say, still toe the "doubles every 7 year" line at this point in time.

They bloody have their last chance to cash in with lax policing of Chinese money launderers and foreign investors.
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Bardon
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provocateur
23 Aug 2015, 04:48 PM
Toppy stuff. They actually think that it can go on forever. Even when we are seeing evidence of weakness in mining, equities, etc.
Yes quite, the flight to the safety of bricks and mortars as the preferred investment asset class is only beginning this cycle.
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