Melbourne and Sydney are again driving a resurgence in investor lending up over 20% yoy. Is this the smart money or are these idiots so out of control they can't help themselves and are oblivious to the risk
Chris there will be no bust for a long time - ie many years. The last boom in Sydney ended after 3 years of over 20% growth.
Waiting for a bust is really really stupid surely you can see that by now. Dump the doomsters and their madness that has cost you so dearly.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
IMO, Brisbane will be the worst performing major property market for CY 2017, and will probably start to emulate Perth’s recent performance over the next few years.
Yes I agree. The apartment market is a major concern.
Good call b_b. Take a look at SQM's vacancy rate chart for Brisbane and it's somewhat alarming even allowing for the seasonal factors.
Chris there will be no bust for a long time - ie many years. The last boom in Sydney ended after 3 years of over 20% growth.
Waiting for a bust is really really stupid surely you can see that by now. Dump the doomsters and their madness that has cost you so dearly.
How much did you cost anyone who was a FHB in 2014-15 who took your strong advice to buy in Perth? They would have brought at the peak and now slowly watching their financial position head towards negative territory.
Your hardly one that should be giving advice to anyone after that, then there's the stone throwing in glass houses
Interesting that it hasn't hit rents yet but that is just a matter of time.
It has hit rents - they are down about 10% in Brisbane CBD and they will remain challenged for 3 to 4 years. Not a big effect on houses in the suburbs though - different market really.
Someone is buying those units. It's not yet clear who. If it's speculators hoping to make a profit then it will cause a significant fall in prices for inner and near city units as they try to unload them, but if its foreigners who just want to hold property here for family to use when they are Uni etc then the effect will be more muted.
Melbourne and western Sydney have similar issues but they have stronger job and population growth so any surplus will get soaked up faster there.
How much did you cost anyone who was a FHB in 2014-15 who took your strong advice to buy in Perth? They would have brought at the peak and now slowly watching their financial position head towards negative territory.
Your hardly one that should be giving advice to anyone after that, then there's the stone throwing in glass houses
This is not true, the people who bought have saved one year of rent. This is the mistake that you bears make - you forget that there is a big cost to waiting.
People should not buy to try to pick the market - they should buy for the long term to save rent or create a long term income.
Only speculators do this- they gamble in the housing market and that is exactly what you are doing.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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