Hi there,
I think most people here are currently watching the bottom of the property cycle in their respective states and the early signs of an upswing/boom... generally speaking!
Looking forwards from this then... (ie. as the OZ property price "crash" didn't really happen, so we can move on from this discussion)
When do people think we will hit the next peak in prices of the residential property cycle in OZ?
Note, this is thinking in broad macro terms of the whole OZ market (like a house price index), and keeping in mind that each state moves in different cycles...
Will it be slow and steady growth over a longer period? (like in those graphs!)
Prolonged stagnation then a boom?
Or a quick and rapid rise in prices to the next peak?
Etc, etc...
This is of course a bit of ''generally speaking crystal ball gazing'', but if you had to put a year on it, when would it be?
I'm tipping a rapid rise to the next peak... as early as 2012 (a gut feeling, not based on any informed reading/research!).
I think it's worthwhile thinking about this now as at some time ??in the next 5 years or so, there may come a point where the supply/demand balance and fundamentals no longer favour residential property (as discussed in other threads by Shadow et.al.)
And so one may need to consider re-valuations to ''lock in'' equity and/or selling to realise capital growth.
Wouldn't want to end up like a disciplined B+H share investor losing the majority of their gains in the last 10 years overnight, particularly if you were planning to retire sometime now.
I think most people here are currently watching the bottom of the property cycle in their respective states and the early signs of an upswing/boom... generally speaking!
Looking forwards from this then... (ie. as the OZ property price "crash" didn't really happen, so we can move on from this discussion)
When do people think we will hit the next peak in prices of the residential property cycle in OZ?
Note, this is thinking in broad macro terms of the whole OZ market (like a house price index), and keeping in mind that each state moves in different cycles...
Will it be slow and steady growth over a longer period? (like in those graphs!)
Prolonged stagnation then a boom?
Or a quick and rapid rise in prices to the next peak?
Etc, etc...
This is of course a bit of ''generally speaking crystal ball gazing'', but if you had to put a year on it, when would it be?
I'm tipping a rapid rise to the next peak... as early as 2012 (a gut feeling, not based on any informed reading/research!).
I think it's worthwhile thinking about this now as at some time ??in the next 5 years or so, there may come a point where the supply/demand balance and fundamentals no longer favour residential property (as discussed in other threads by Shadow et.al.)
And so one may need to consider re-valuations to ''lock in'' equity and/or selling to realise capital growth.
Wouldn't want to end up like a disciplined B+H share investor losing the majority of their gains in the last 10 years overnight, particularly if you were planning to retire sometime now.
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