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I think buying a PPOR with a long-term mindset now would still be an OK decision, because even after this boom ends, and Sydney prices correct, they probably won't fall below current levels. However I think buying an IP now would be pointless as there is limited scope for significant capital...

Sorry, you're not making any sense. What are you saying?

You appear to be taking that chart rather seriously? You do see the scale that goes through the roof to moon, right? Actually, the chart is 100% accurate, and further evidence of my awesome forecasting ability. Everything shown on the chart has happened exactly as I predicted. :D

My trend line was spot on, although I think the peak for this cycle will be around 2017 now, instead of 2015. The GFC delayed everything by a couple of years. But I still think prices will peak around the $1.2M to $1.25M level in 2017.

It was $945,500 in April... http://blog.residex.com.au/2015/05/27/property-market-update-2/ Probably about $960K by now. My 2007 chart above forecasts it hitting $1M this year, which is looking pretty much guaranteed at this stage - only another few percent growth needed.

Interesting to look back at my prediction from seven and a half years ago... :D

What a load of nonsense. Is that why you keep writing lengthy rambling blogs about me? This is very sad... I'm actually starting to worry about you...

LOL, hobo-jo, you really need to get a life. :rolleyes: BTW the fact that I post on APF sometimes doesn't make it 'my' forum.

I agree, I'm actually quite enjoying being on GHPC at the moment. It is quite refreshing to have ones view challenged. It forces me to do more research and refine my strategy and ideas better. I'm learning quite a lot over there, so I would also encourage everyone to give it a try. Hey, if we...

Hi Oscar, Glad you're enjoying Newport. It really is a hidden gem. So undervalued for such a great beach-side suburb, and with all the new development going on prices are going to go through the roof in a few years, after the village redevelopment is finished and the new Coles is built...

Reserve Bank Data http://www.rba.gov.au/PublicationsAndResea...netary_1107.pdf 'The shortfall in housing construction can be seen in the rental market, where the vacancy rate remains around its historical lows (Graph 42). An exceptionally tight rental market has contributed to rapid growth in...

Sydney - strongest signs of recovery... http://www.smh.com.au/news/national/apartments-climb-amid-echo-of-the-boom/2008/01/08/1199554655589.html SYDNEY'S home building market has shown its strongest signs of recovery since the end of the housing boom...

LMAO... that was very funny. :D Do you mind if I copy your post over there on GHPC? That is one of the funniest things I have read for a while! Also, here is a link to our latest thread... I think I may be getting somewhere with this one... Cheers, Shadow.

Well said NateDog, I agree. Increasing rents is one of the factors fueling the next big boom. You should come over here to the GHPC Forum to help me out. I have been having this debate with those guys for a couple of days, but it's only one of me against 20 of them! Any other Somersofters want...

We are also having a very interesting debate on these topics on the GHPC forum below... They are actually capable of civilized debate over there when you get to know them! Cheers, Shadow.

I can't believe 5 people have already voted for continual stagnation for the next 10 years!

Thanks FHB. This is exactly what I have been saying.

YM, Do you believe that the 20 most expensive countries in the world have cheaper house prices than Australia. Do you really think house prices in London, Paris, Rome, Moscow and Manhattan are lower than those in Australia? I can tell you that they are not. These countries are a lot more...

Hi Blaster, welcome to Somersoft. Actually no Australian city even makes it into the top 20 most expensive cities in the world. In fact, Australian house prices are quite undervalued. You can find more details here... http://www.somersoft.com/forums/showthread.php?t=34374 Cheers...

My hot tip for Sydney investors... Newport, Sydney's Northern Beaches http://en.wikipedia.org/wiki/Newport%2C_New_South_Wales http://images.google.com/images?gbv=2&svnum=10&hl=en&q=newport+sydney&btnG=Search+Images Why? - Low median price compared to other Northern Beaches suburbs...