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from my exposure t valuation reports and valuers, they will not recognise unsettled above market transactions, they do recognise unsettled below market transactions. part of risk mitigation. am sure I will be contradicted now:)

wow there are so many of these threads stuck in positive reinforcement loops it's amazing - had to slap myself to stop me from running out and buying a house in Mt Druitt

30% is not a major crash, large swathes of Perth copped that after the GFC and life still went on

apparently it's easy, just get a 95% loan on a Sydney property and fundamentals will soon reduce that to 50% LVR then you can do it all again

surely the Sydney market is crazy enough to do a flip?

If I held Sydney real estate now I would be having a real hard time deciding what to do, liquidate and run or keep hanging on. Would probably price it 10-15% above what it is now so that I could grab some of the remaining upside, then go flip a couple for a bit of extra icing

funny how things go full circle... I recall pre GFC endless research about under supplied housing markets, fundamentals etc etc. here's one scenario, Australia enters a recession. Not so much a scenario as a trajectory IMO. Or affordability just gets tapped out. Or or or. The good news...

true, plus some of the sweetest gains can be right near the end. it's the getting out bit that is the real trick... without leaving too much on the table oh and if I had a $ for every argument I had read about population growth and structural demand holding up prices! irrational markets can...