By this time next year bear will be saying 2017 will be an interesting year and a big crash is 2 - 3 years away.....
Why did you even bother typing that?
Anyway, no waiting until 2017 as I have said it will cascade from as foreign investment heads for the exit, that is happening now so Jan onwards you will see the declines.
Prediction: Government will clamp down on fraudulent activities in the property sector. They will use this to generate much needed income as the economy tanks, and their budgets deteriorate.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
1) Sydney house price +7% 2) National house prices +5% 3) Gold continues its terminal decline, falling below US$900 4) Unemployment rate falls to 5.7% 5) Still no house price crash in any major Australian city 6) More bears vanish from APF to be replaced by new bears spruiking same tired old doom and gloom 7) Rastus, Golly and Terry continue to chase Shadow obsessively around the forum, trying in vain to score a point 8) Bears continue to bleat and wail about trolls and sockpuppets at every opportunity 9) Macrobusiness continue to get everything wrong 10) At least one of the States reintroduce First Home Buyer Grants for buyers of existing property
1)Northern beaches sees ALL postcodes prices AND rents drop below the highs seen in 2009-2010 2)National house prices AND rents crash 3)Gold to be the shining light in commodity prices 4)Unemployment to fall until June thanks to the biggest building boom in history. But will then rise in the second half of the year. 5)Prices crash in Perth. 30% fall over 12 months. 30-50% rent falls. 6)Bulls dissapearing and unable to face reality
I predict Sydney bears that didn't buy this year will have some awkward Christmas Day conversations with the relos who urged them to get off the fence and buy at Christmas lunch last year.
I predict Sydney bears that didn't buy this year will have some awkward Christmas Day conversations with the relos who urged them to get off the fence and buy at Christmas lunch last year.
LOL.
They will just tell people the property crash is just another 6 - 12 months away, and angrily threaten to buy peoples houses off them for cash when the bank repossess them due to a drop in value.
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