Property Cycle Clock - Where are we right now?
- Thread starter stumpie
- Start date
No idea for Perth, however Melbourne probably b/w 9-10 o'clock and Brisbane circa 7-8 o'clock.
Caveat that these are very generic observations and merely my opinion. Different suburbs within those cities are not all rising at the same level/pace.
Very late at night.
Some areas of Perth are coming off a peak (i.e. devvie sites in the City of Belmont) but others are just starting to pick up (e.g. Mandurah)
wow $369 K for a 4 x 2 in Lakelands. Thats not bad !! and with depreciation....... hmmm
I have more to say but I am running late and have to be somewhere. I will come back later lol.
4 bed $369 k in lakelands
You can build down there for less than that if you don't mind waiting a few months while it happens.
I'd put Canberra at 5pm.
Sydney:
http://www.youtube.com/watch?v=GPbqQOf41Qc
Though I think the battery is going to die in this clock, leaving things to continue where they left off at the end of 2013.
(for a while)
http://www.youtube.com/watch?v=GPbqQOf41Qc
Though I think the battery is going to die in this clock, leaving things to continue where they left off at the end of 2013.
(for a while)
Pointless exercise really. There are markets within markets in each city in Australia ...
Some of perth is at 11.30pm
im going to go against a little here and say
Sydney between 10-12o clock
Brisbane - 9-11 oclock
Melbourne 8-11 o clock
Adelaide- 7-9 o clock
Perth - 9-11 oclock
This is for median priced properties and not million dollar dwellings
I also dont agree with the invesmtent clock of 12 oclock being rapidly growing prices, in my mind, 12 Oclock is the peak of the peak where you can no longer go higher or the moment when things start cooling off or uncertainity comes into the market,
I believe unlike normal cycles, Brisbane boomed before melbourne, and out of Bris, melb and syd, melb was the last to follow, I think melbourne may 'boom' for a tad longer, whilst normality is about to return for the Bris and Syd
Sydney between 10-12o clock
Brisbane - 9-11 oclock
Melbourne 8-11 o clock
Adelaide- 7-9 o clock
Perth - 9-11 oclock
This is for median priced properties and not million dollar dwellings
I also dont agree with the invesmtent clock of 12 oclock being rapidly growing prices, in my mind, 12 Oclock is the peak of the peak where you can no longer go higher or the moment when things start cooling off or uncertainity comes into the market,
I believe unlike normal cycles, Brisbane boomed before melbourne, and out of Bris, melb and syd, melb was the last to follow, I think melbourne may 'boom' for a tad longer, whilst normality is about to return for the Bris and Syd
Kieran Trass Grow Rich with the Property Cycle
Hi All
Just thought I would post this link for those interested.
This is one of my favourite books on this subject, its an oldie but still applies for those following cycles its a good read.
http://somersoft.com/forums/showthread.php?t=19621
Hi All
Just thought I would post this link for those interested.
This is one of my favourite books on this subject, its an oldie but still applies for those following cycles its a good read.
http://somersoft.com/forums/showthread.php?t=19621
