His prediction is not looking very good at all, up the 9% pa you hoped for . Just checking out some more northern sydney suburbs then , still cant find one with a gain over the last two years , plenty of declines, two more I just looked on REALESTATE.COM.AU . I mean ,these are just the figures on there web site as I am posting, not mine. Do you think these figures are accurate , I saw doctor wilson tell us that everything would be fine and that the market was resilient way back in june 2011 in the article below( think he used the words "proving resilient" , theres also some comments below , you might want to check out some of the other suburbs mentioned and see how resilient they have been.
So its now cheaper to buy into these suburbs than it was 8 or 9 years ago , who would of thought that with all the popualtion increase and housing supply shortage.
In fact, the RPData index is fast becoming a sea of green. Prices are up pretty much everywhere YOY and QOQ...
Looks like the big crash is off the table again. Pity you sold at the trough Ted. Not only will it cost you an extra 3-4% to buy your old house back, you'll also need to fork out another 4-5% in stamp duty and agent fees. But at least you have your brother's shed to live in while you ponder that predicament...
Yes , I mentioned it was an article written way back in june 2011 so we could see firstly that dr wilson was once again wrong in his call to put it as mildly as possible and also so we can have a genuine look at the suburbs mentioned in this article for a real life insight .
So we will now have a look at every individual suburb mentioned in this article and see how it goes.
This 3% you cling to shadow, like I have told you ,not in your area .
What about Clontarf which was also mentioned in the article when dr. wilson said it was proving resilient back in june 2011.
CLONTARF HOUSE PRICES- where it is now infact cheaper to buy a house now, than it was ten years ago, yes thats right. see link below, scroll down about half way and click on- annual property prices.
lucky for resilence, just very glad I did sell now shadow, as you can see , you should of done the same, yet you what to competely ignore all these facts and harp on about your 3%. good luck 2009-
Whats this rubbish about cherry picking, we are showing suburbs mentioned in the article, they are all down so far,only a couple to go, so far they are all being smashed ,how could you pretend otherwise.
I think yesterday stinkbug said something about me being incapable of debating , the fact is you cannot have a proper and sensible debate when the person you are debating wishes to disreguard all the facts and reality as shadow does here, as most can see ,rather pointless debating somebody who wishes to act this way.
As you can see the northern beaches is the last place you would of bought , especially for investment purposes as now proved, but Dr . Wilson said it was resilent. So much for experts , how many listened and believe this nonsense.
I think yesterday stinkbug said something about me being incapable of debating , the fact is you cannot have a proper and sensible debate when the person you are debating wishes to disreguard all the facts and reality as shadow does here, as most can see ,rather pointless debating somebody who wishes to act this way.
The fact is, Sydney house prices fell by a few percent between mid-2010 and mid-2012. You saw it happen, panicked, and sold your home (after prices had fallen).
But then prices recovered and are up 3.5% YOY since you sold. Not only do you need to pay more to buy your old house back, you are also up for stamp duty and agents fees.
I think yesterday stinkbug said something about me being incapable of debating , the fact is you cannot have a proper and sensible debate when the person you are debating wishes to disreguard all the facts and reality as shadow does here, as most can see ,rather pointless debating somebody who wishes to act this way.
The fact is, Sydney house prices fell by a few percent between mid-2010 and mid-2012. You saw it happen, panicked, and sold your home (after prices had fallen).
But then prices recovered and are up 3.5% YOY since you sold. Not only do you need to pay more to buy your old house back, you are also up for stamp duty and agents fees.
Bad call.
To bad my area and your area is being smashed as shown , so unfortunately you wount be seeing any of that 3% gains ,just some of the disaterous drops we have seen in you area. I thought my area was bad, that was until I looked into your area, shadow.
I can only imagine how it must be to own 4 properties in that area that were purchased at or near peak prices , do your self a favour and jump ship before you lose anymore than you already have shadow, honestly buddy, surely you can smell the coffee by now.
Clontarf down 20% this year alone, another year like that , and theres 40% on that one, keep going. Not to mention that the median house price was 14.7% higher ten years ago in 2003, fancy that .
House prices are being smashed in your area, yet your still peddling house prices to the moon ,soon to appraoch 1 million in a distant far away galaxy, truly unbelievable, look at the figures for your area, you believed them all when they were going up, just not now they are coming down, its not just clontarf, they are ALL BEING SMASHED-ITS A FACT SHADOW, AS YOUR MATE FOOLED WOULD SAY, READ IT AND WEEP OR WELCOME TO THE NEW NORMAL.
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