Has anyone started shorting bonds yet? If not stop telling me about rate rises because you obivously don't believe it enough.
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Up to $945,500 in April... http://i187.photobucket.com/albums/x308/LPShadow/Residex-Sydney-April-2015.png~original
http://blog.residex.com.au/2015/05/27/property-market-update-2/
Only another 5.8% growth over the following eight months will see a Sydney median of $1 million this year.
Yes, that's houses only. Residex puts the median unit price at $629K.That's a median for house prices only right, not including units? What's Sydney's overall property median atm?
Tempted, yes, but I'll stick with 'no' at this pointWould anyone who voted 'no' be tempted to change their view yet?
BTW , would love to hear you prediction for Brisbane ... Maybe another thread ?
I discovered this.
Tempted, yes, but I'll stick with 'no' at this point
I think I voted no , but would have for 2016 .
Still eight months to go . Line ball for me . If there are no changes in the market conditions , I think it will make it , but if there is any change it might not .
BTW , would love to hear you prediction for Brisbane ... Maybe another thread ?
Cliff
Well if that's the case, then we should now avoid to buy IP in Sydney and then buy within 10 KM of Brisbane CBD for a short term Capita Growth ?
The general advise is don't buy units centrally in Brisbane due to upcoming supply issues but we got this one at a good price and its - nice property in a nice location .
cliff
SYDNEY'S median house price is on target to hit the $1 million mark by the end of this decade.
Exclusive figures from property analyst Residex reveal about half of Sydney's home owners will find themselves millionaires by 2020.
This means an estimated 625,000 houses across the metropolitan area will have a value of more than $1 million.
"If you look back 10 years ago, Sydney's median value was fairly low by comparison with today," Residex chief executive John Edwards said. "Twenty years ago, we weren't even at $200,000.
"The population has become used to these things. They grow to expect it and accept it.
"But it will still be very high. Salaries will have gone up, but not at the same rate as house prices."
Outer suburbs are tipped to enjoy the highest capital growth during the next eight years.
At Rouse Hill, in Sydney's north-west, the median house price is predicted to jump by an average eight per cent a year, from $586,000 to $1.07 million.
Similar growth is expected for Narellan Vale, Abbotsbury, Cecil Hills, Bligh Park, Glen Alpine, Woronora Heights, Wattle Grove and Kellyville Ridge.
I chuckled when I stumbled on this 2010 article:
http://www.dailytelegraph.com.au/median-house-price-1m-by-2010/story-e6frewt0-1225817659609
Yes, that's the thing, hence most of the OTP vendor, they are offering one year of rental guarantee. But what happens after the one year of rental guarantee, it will be a gambling
There are two types of rental guarantees I've seen .
One that is based at market rent , which can be offered in circumstances such as the developer is building next door and that will ( in the short term ) make a unit more difficult to rent .
One that is offering an inflated rental guarantee , so that the buyer thinks the property is worth more than it is . The funds to pay the rental guarantee are funded by an inflated price . The tenant is paying significantly under the guarantee. When the the guarantee runs out they are in for a rude shock . Not sure how common this is now , but in previous cycles it caused lots of grief in parts of brisbane and probably was a factor in price drops in some areas .
Cliff