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Sydney housing market is overvalued by 40%
Topic Started: 16 Nov 2016, 04:44 PM (4,102 Views)
Khaderbhai
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Wealthy Suburbanite

Simon_S
16 Nov 2016, 04:44 PM
Authored by SQM director Louis Christopher, the report warns that prices could boom as much as 18 per cent in Sydney next year
Sounds good. Are you planning to buy and hold, or will it just be a quick flip? Let us know what you snap up. Just remember to factor the stamp duty into your 18% profit.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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herbie
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Khaderbhai
16 Nov 2016, 09:28 PM
Sounds good. Are you planning to buy and hold, or will it just be a quick flip? Let us know what you snap up. Just remember to factor the stamp duty into your 18% profit.
We've bin previously assured by Simon that he's a successful trader who makes money during both rising 'n falling markets in rather more exciting asset classes than boring ole housing - So I can only assume he'd not consider gettin' out of bed in tha mornin' for a paltry 18% pa (minus stamps etc) on a bit of grubby housing ...
Edited by herbie, 16 Nov 2016, 09:57 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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Khaderbhai
16 Nov 2016, 09:28 PM
Sounds good. Are you planning to buy and hold, or will it just be a quick flip?
Neither but please keep us abreast of your purchases...........
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Khaderbhai
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Wealthy Suburbanite

Simon_S
16 Nov 2016, 09:38 PM
Neither but please keep us abreast of your purchases...........
Bought four Sydney houses between 2005-2009. Still holding them all.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Simon_S
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Khaderbhai
16 Nov 2016, 09:40 PM
Bought four Sydney houses between 2005-2009. Still holding them all.
New Purchases........

Since you're So adamant they can only go UP please inform us when you do eventually buy........
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Rufus
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Simon_S
16 Nov 2016, 09:16 PM
Don't need to:




This is more than enough for me.........
It's not saying that Sydney house prices will fall by 40%.

Buy the report or remain stupid, it's your choice.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Khaderbhai
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Wealthy Suburbanite

Simon_S
16 Nov 2016, 09:42 PM
you're So adamant they can only go UP
Sydney house prices fall regularly. Most recently in 2004, 2005, 2008 and 2011. Just part of the cycle.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Simon_S
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Rufus
16 Nov 2016, 09:43 PM
It's not saying that Sydney house prices will fall by 40%.

Buy the report or remain stupid, it's your choice.
Quote:
 
SYDNEY’S property market is overvalued by 40 per cent and the Reserve Bank needs to take steps to stop a “a dangerous housing bubble”, according to one of the country’s most well known property experts.


Yes and It's also not saying there's a Dangerous Housing Bubble....................

Are they NOT "one of the Country's most well known property experts...............
Khaderbhai
16 Nov 2016, 09:50 PM
Sydney house prices fall regularly. Most recently in 2004, 2005, 2008 and 2011. Just part of the cycle.
Great then you should be buying more yes?

Edited by Simon_S, 16 Nov 2016, 09:53 PM.
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Rufus
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Simon_S
16 Nov 2016, 09:52 PM



Yes and It's also not saying there's a Dangerous Housing Bubble....................

Are they NOT "one of the Country's most well known property experts...............
Shoulda bought the report, looks like you're doomed to remain stupid.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Khaderbhai
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Wealthy Suburbanite

Simon_S
16 Nov 2016, 09:52 PM
Great then you should be buying more
Why?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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