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Has anyone started shorting bonds yet? If not stop telling me about rate rises because you obivously don't believe it enough.

If you honestly believed that you could short the bonds now and make millions.

Sydney's definitely ran. Too late to get in. Would be a good time to sell in the next 18 months, but even if you missed out on the peak, selling any time after is still fine (provided it doesn't crash, which it probably won't). A flat market for 7-8 years is equivalent to houses falling...

I'm very interested in what motivates you. Is it finally being correct about it "crashing", which mind you is something I probably agree with you for once.

The 'bubble' is a function of serviceability. If you can borrow $100000000000000 at 0% interest with no repayments for 100000000 years, does it matter that a house is $10000000000? Of course that's not the case. So you have to take a view on serviceability going forward.

Yea maybe, but can't be too greedy yea. It's like when things fall, you buy a bit every now and then.

Time to offload your B and C grade properties in Sydney.

Depends if you consider rapidly growing population and rising rich neighbours a norm also. Probably wasn't 50 years ago. Mind you American house prices have been increasing since 1500.

That's true. Prices go up a lot, come down a bit, then go up more. History rarely changes. All these Australian titans like Gonski, Stevens and Costelwho trying to tell you otherwise is quite funny, because their predecessors have all go it wrong

Just part of cycles. All markets have cycles. The only question is timing and how big is the decline, and how long before the next leg up. On the topic of median price, the only reason Sydney would not hit $2m median price is if they start building more and more smaller units, dragging down...

Only leads me to believe proximity to Asia is far more important than US or EU in this century? HK and Singapore have long eclipsed prices in all US and EU capitals. As someone who travels Asia much more extensively than EU, everytime I look at Syd prices from Hong Kong, Shanghai or even...

I'm going to be more conservative and take a stab Sydney will hit $900k by 2016 before retracing to $850k in 2017. At $1m, that's London house prices, which is pretty rich, although I note the UK is a much shabbier place to be right now.