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Wow, you speak Latin? You're so clever.

How's that credit tightening induced crash coming along?

Oh well, we'll just have to take your word for it that you were lucky enough to sell in a suburb that happens to be under-performing the Adelaide average by 10%. Nice work. :rolleyes:

Yeah right... and in 'my suburb' house prices are up by 600% more than the Sydney average and rents have gone to infinity and the construction boom has made my back garden look like Manhattan...

The 20% fall is just the beginning. The bull market in gold is over, because the world economy is recovering. The gold bubble has popped. How so? Adelaide prices today are pretty much the same as they were in late 2009, so if you bought your own house back now you wouldn't even break even...

I called the top of the gold bubble over a year ago, and this will go down as another one of the 80-90% of predictions I get right. House prices are rising, auction clearance rates are strong, sentiment is up, and Sydney house prices are at a new all time peak, no sign of a recession...

Well, technically, I said I expected the Sydney construction boom to begin probably around 2011, and I could argue that early 2012 is around 2011, but given that the construction boom has definitely kicked off now, I really don't feel I have anything to prove any more so I'm not going to...

I do admit I was wrong - I said back in 2007 that it would begin by the end of 2011, but the data shows it didn't actually begin until early 2012, so I was a month or two out. No big deal - when you forecast something five years in advance, it's hard to get the date precisely right. Meanwhile...

The January dip is seasonal, and those are the national figures in the headline. If you look at the trend for Sydney/NSW, there has been a fairly steady uptrend since early 2012... http://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/8731.0January%202013?OpenDocument The ABS trend series is...

I believe the trend will continue and early 2012 will go down in history as the start of the Sydney construction boom.

Latest NSW dwelling approvals data... http://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/8731.0January%202013?OpenDocument

LOL, you're just jealous because this adds to my 80-90% success rate. :D Considering I first started predicting the construction boom half a decade ago, and always gave around 2011 as the timeframe, you would have to admit if it begins only one year later in 2012 then it was a pretty damn good...

Did somebody suggest that? You're getting cause and effect mixed up. It's true that I only get 80-90% right, but I'm happy with that... nobody is perfect. The main thing is I got the big one right... i.e. still no property crash, as I have consistently and correctly predicted for over half a...

Back in 2008, I predicted that a construction boom would begin in Sydney, probably around 2011, and gradually spread to the rest of Australia. Well, it looks like I was a year out, but the expectation of a residential construction boom is certainly starting to gain traction in the media...

Housing starts at six-year high http://www.smh.com.au/business/housing-starts-at-sixyear-high-20100616-yeqn.html

Yes, it is pretty much the same as point 1. Well, actually there are two ways that land values could fall - reduce population growth, or increase supply. But successive governments seem pretty keen on a 'big Australia' policy, with high migration levels and strong population growth.

NSW government changes policy to encourage construction boom! When asked about the construction boom in the past (i.e. why will a construction boom happen) I always give two possibilities: 1. Government policy will change (for example, reducing the taxes, restrictions and red-tape that...

CBA moves to dampen construction boom! Some interesting developments in relation to the forthcoming construction boom. The chief economist at the commonwealth bank (Michael Blythe) has come out with the following statement...

Construction boom coming Looks like it's starting, right on schedule... :D http://www.theage.com.au/business/boom-in-new-homes-on-the-way-20091109-i5d7.html

Eventually, when the construction boom is peaking, and when sufficient new stock has been developed, there will be downward pressure on prices. In the meantime, while the construction boom is gaining momentum, there is a huge amount of new business for developers, tradesmen, furniture stores...