"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
given the absolute mountain of actual evidence that debunks that bedtime story, care to tell us how you jumped to that wrong conclusion?
ThePauk
22 Sep 2015, 12:32 PM
So anyone want to make their guess about the peaks?
Australian market will probably peak in 2018/19. By that time Perth, Adelaide and Brisbane will be in the rise again, but not by enough to counter the stall that has to hit Sydney and Melbourne.
So anyone want to make their guess about the peaks?
Every city is different Paul. EG in your area prices have been depressed but coming back now. Darwin falling, Perth falling, Brisbane and GC rising - it's not a homogeneous market.
Any expressed market opinion is my own and is not to be taken as financial advice
The ultimate peak will occur when Australia's population starts to fall, possibly around 2050.
You may be correct, but my best guess is that our population will continue to rise all of this century and well into the next. The global population may peak earlier, but there will be pressure from nations of lower socio-economic status to accept more and more immigrants to try to attain a population balance. We could easily have 100 million here in the next century.
"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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