Yes Unload,Hmmm. http://www.news.domain.com.au/domai...suburbs-to-rent-a-room-in-australia-20150617-
Young people planning to save money by spending a few years living in a Sydney sharehouse are in for a shock.
In the past five years the average price of renting a room in Sydney has surged by 32 per cent to an all-time high of $275 a week, new data from Flatmates.com.au shows.
But a room at that price would be a bargain in some inner-city postcodes ? there are now 25 Sydney suburbs where the average cost of renting a room is above $300.
This will drag the entire universe down, not just Sydney. But Sydney is obviously more resilient than other cities is Australia.http://business.financialpost.com/i...that-could-happen-if-greece-actually-defaults
Maybe a simple black swan like this could spread a ripple world wide within a very short time period,or Greece knows how to insult people without offending them..
The entire universe ?
Everyone has a different idea on mental-clarity,some investors think they are more unique then all the others standing in the que,big mistake to make when what may happen in a random way thinking you are in control
Well we live in an interconnected world. It's going to rattle the global financial markets.How does it works ?
a country in Europe default or goes down in rating, then Australia is affected ?
Apparently, not even APRA can stop the Sydney boom.
"Surging home prices in cities including Sydney are unlikely to be affected by the banking regulator?s efforts to curb mortgage lending to investors, according to National Australia Bank Ltd.
Markets such as Sydney, where house values have risen 40 percent in the past three years, are struggling with undersupply amid ?significant? foreign demand, Gavin Slater, the lender?s head of personal banking, said Wednesday.
?All lenders are responding to the macro-prudential guidelines,? Slater said at a business lunch in the city. ?I don?t believe it will have an impact on house prices.?"
Trading for speculation is different from trading for fundamentals. Those who switched interest may be regretting it.given Sydney has boomed the most , it's the place I'd expect to hurt the most . There are plenty of people who have made money in Sydney and once it slows , will switch their interest to other places . Many forumites have been doing this for a while to get in ahead of the herd .
Time will tell .Trading for speculation is different from trading for fundamentals. Those who switched interest may be regretting it.
Well their prices were cheap to begin with. And as supply is really limited, buyers are not spoilt for choice. Besides, you're assuming that suburb cannot gentrify.There is no logical reason why Mt Druitt should have doubled on the basis of fundaments in the last 2-3 years . Does that make the money those people less valuable ?
It had been cheap for a number of years before .Well their prices were cheap to begin with. And as supply is really limited, buyers are not spoilt for choice. Besides, you're assuming that suburb cannot gentrify.