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Eighty Two Percent :D

lol at those defending the clearance rate. 83% is still very strong.

Down, down, auction clearance rates are down. 89%, 87%, 85%, 83%

Well I am just telling you what I would value it at. If the market was paying $1.4M and I could buy them for $500k each, then I would grab the street also. Looking at comparable rentals it would seem $750pw might be around the mark...

I'd be looking at small commerical properties before wasting $1.4M on a tiny home like that. But each to their own, if you think that it's low risk, would bring a nice yield & is good value or has good growth prospects then go for it. To me it looks way overpriced & like the sort of property...

Not even, here's one that sold on the weekend in Adelaide a similar distance out from the city: http://www.domain.com.au/property/for-sale/house/sa/brompton/?adid=2011976397 I'm sure that other one is in some trendy area, but I wouldn't pay the extra $900k required to meet asking :D

Uh oh, drop in clearance rate and median price: Property Snapshot Number Listed Auctions: 395 Number Reported Auctions: 311 Sold: 274 Withdrawn: 11 % Cleared: 85% Total Sales: $253,743,625 Median: $935,000 http://www.homepriceguide.com.au/saturday_auction_results/Sydney_Domain.pdf...

Looking at that property, I couldn't justify more than $4-500k

Maybe it's just my small Adelaide mind, but I'm blown away with what people pay in Sydney.... $1.275M for this run down, 2 bedroom "house" on 188sqm... http://www.realestate.com.au/property-house-nsw-waterloo-119778379

True, but that means I'll be able to chuckle from the sidelines just as easily once prices peak, don't be left holding the bag :cool: It's highly unlikely I will ever own resi property in Sydney, but it sure is fun to watch.

True dat. :D In the spirit of the thread then, how to make a million dollars Sydney style: Buy a house Wait 8 months Sell the house http://news.domain.com.au/domain/real-estate-news/balwyn-home-earns-vendor-nearly-1-million-in-eight-months-20150518-gh3nl7.html

Hmm could've been the case... RE adverts says it's 7 years old. Either owner bought an old house, knocked it down, built new, owned for 7 years and then sold or it was sold as a new house in 2007 (& selling again now). Either way it's a big jump in value (either doubled or tripled in value...

So prices down 20% in a couple of months... seems like the bubble might be bursting :cool: Reality: Other evidence suggests prices are still rising strongly, but highlighting the auction median as significant is a bit silly, especially when it's been much higher recently. 82 VICTOR AVENUE...

& only a 68% clearance rate... increasing price with low volume seen as an ominous sign in many markets :D

Are you trying to convince yourself or us? :) Let us know once you've bought again, we'll pencil that in as a possible peak :p

Sydney property: Falling auction clearance rates a sign boom may be over http://smh.domain.com.au/real-estate-news/sydney-property-falling-auction-clearance-rates-a-sign-boom-may-be-over-20141121-11qolr.html

Australians are "wealthy" mostly as a result of overvalued house prices. We didn't get wealthy and then decide to bid up house prices, we got wealthy by bidding up house prices.

Yeah sure Shadow I'm sure "Alex Barton" runs APF, good one :cool:

The chart was only a joke willair, but don't agree with this "less sophisticated investors as today", we repeat the same mistakes time and time again, it's human nature. Which is why I think a cyclical approach (such as that used by see_change) to investing makes sense, we just don't see eye to...

Looks like the old 'seagull topping pattern' to me, same as the 1987 stock market crash :cool: