I guess you decided not to get a room to continue this love fest in then ....
Will Australia's next property boom be the greatest boom we've ever seen?
- Thread starter Shadow
- Start date
I guess you decided not to get a room to continue this love fest in then ....
Not only vinvictive. It's an obsession you have. Your Bullion Baron website contains nearly as many extensive dedicated blogs attacking Shadow and others you seem to dislike, as it does talking about gold. Those are pure personal attacks which have nothing to do with issues. You have devoted at least 4 blogs to personally attacking Shadow and another attacking Strindberg at length including lots of screenshots you have taken. They must have taken a great deal of your time to compose. And now your are displaying your personal hatred on other sites like here. Despite your denial of posting on APF it does look as though you are posting there as tech_support. This campaign will do you no favours at all.I know for a fact that Shadow is involved with the troll club whose actions destroyed two Australian housing forums, have repeatedly stolen the online identities (including mine) of others to further their cause and generally harassed people in their online and offline life, so yes I guess you could say I'm a little vindictive
I can understand you are a bit pissed off with selling your PPOR in Adelaide in 2008 before prices rose but it's not right to take it out on Shadow.
the median price in Sydney will exceed one million dollars within the next 7 or 8 years
Interesting to look back at my prediction from seven and a half years ago...
Interesting to look back at my prediction from seven and a half years ago...
the Sydney median under your forecast should have been $1m some time back. what is the point you are making here?
Seems pretty accurate too me. Maybe out by 6 months but a great forecast.
ok sorry I thought the current median was $770k, can't find it in all these posts. Out of interest what is it today?
It was $945,500 in April... http://blog.residex.com.au/2015/05/27/property-market-update-2/
Probably about $960K by now.
My 2007 chart above forecasts it hitting $1M this year, which is looking pretty much guaranteed at this stage - only another few percent growth needed.
ah snap... wondered why everyone was talking like it was a done deal!
Sold in 2010.
bump
to show more detail of the prediction 8 posts later
to show more detail of the prediction 8 posts later
I think this boom has already begun in several cities. My prediction, simply based on extrapolating the median price lines against the trendlines, following similar peaks and dips to previous booms...
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000
Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000
Something like this...
I could be completely wrong of course so don't go buying lots of property just based on my prediction!
Cheers,
Shadow.
$1mill can be an hour commute to the CBD ( well 50 mins and 44km by bus from my suburb ).
wow. I knew it would be bad but that really is bad. What a waste of the day, 2 hrs commuting. Over here, for a similar commute you could buy something like:
http://www.realestate.com.au/property-house-wa-dudley+park-119590963
All relevant to incomes tho. I see quite a lot finance roles over in Sydney paying $200-300k, where as in Perth that would be more like $120-$200k. I saw a similar thing with London, if you are happy to wage slave it, just sit there on a high wage and pay off a loan in an expensive city then cash down to a cheaper one as an accelerated retirement option
My trend line was spot on, although I think the peak for this cycle will be around 2017 now, instead of 2015.to show more detail of the prediction 8 posts later
The GFC delayed everything by a couple of years. But I still think prices will peak around the $1.2M to $1.25M level in 2017.
An interview on this morning's Sunrise program - the guy said $1mill minimum for a freestanding home in the "middle ring".
Never get why you'd sell your PPOR. I can understand selling IPs but a PPOR is a consumer item and safeguard.
Folks sell PPoR's for a lot of different reasons;
I'm living in PPoR no.5, currently;
First sale - result of relationship split.
Second - sold to buy another property to run a B&B and golf school/camp business.
Third - sold B&B due to being too highly leveraged and having no cashflow, no life basically.
Fourth - sold to build current PPoR which is an upgrade from PPoR no.4.
If we could sell our current PPoR for what we want, we could pay out all debt including remaining business loan and IP debt, and have enough left over to buy a more modest doer-upper near home for cash, or maybe smallish loan.
Or; even just rent somewhere, and pay cash for a couple more IP's and retire on pos cashflow rents from the 3 of them and business..
The sudden increase in cashfllow with no debt to service would not only allow us to scale back work hours dramatically, but also allow us to get back into more projects and investments as well; using equity in the IP's...hence; it is now on the market.
