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Australia Property
03-04-2018, 10:10 AM.
Post: #741
RE: Australia Property
Property values in Sydney fell for the seventh straight month in March as the once-booming housing market continues to cool.
Prices in the nation’s biggest city declined 0.3 percent last month and are down 2.1 percent from a year earlier, CoreLogic Inc. data released Tuesday show. By contrast prices in Hobart rose 1.7 percent and are up 13 percent on the year.
A combination of tighter mortgage-lending standards, regulatory restrictions on investor loans and affordability constraints are weighing on the Sydney market. While the pace of decline has slowed, few predict a quick rebound.
<SNIP>

-Bloomberg
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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01-08-2018, 09:04 AM.
Post: #742
RE: Australia Property
IMHO this is healthy trend and much needed before a catastrophic pop

Australia’s property slump deepened in July, with housing prices falling the most in almost seven years.
National dwelling values dropped 0.6 percent last month -- the biggest fall since September 2011 -- as declines in Sydney and Melbourne accelerated, according to CoreLogic Inc. data released Wednesday. Prices have now fallen for 10 straight months due to a combination of lending curbs, stretched affordability and reduced investor demand.

<snip>

-Bloomberg
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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01-08-2018, 09:24 AM. (This post was last modified: 01-08-2018, 09:26 AM by specuvestor.)
Post: #743
RE: Australia Property
(29-11-2017, 11:56 AM)specuvestor Wrote: I've also mentioned back then that there were only 2 property bubble left: UK and Australia. Since then even HK & China has retraced and recovered; while London has started to taper as well (In US$ term it has actually peaked in 2014 since GBP lost 1/5 of value, AUD lost 30% value in US$ since 2011). With US likely to go real interest rate soon, return expectation, not only downunder, will change.

From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south.
Tax changes to damp demand, values out of kilter with affordability and tougher lending standards have combined to undermine the market. That could have wider implications because the world’s wealthy have been buying homes on multiple continents, meaning a downturn in one country could now pose more of a threat to markets elsewhere, according to the International Monetary Fund.

<snip>

https://www.bloomberg.com/news/articles/...o-new-york
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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25-09-2018, 12:46 PM. (This post was last modified: 25-09-2018, 12:55 PM by specuvestor.)
Post: #744
RE: Australia Property
(01-12-2017, 04:42 AM)Boon Wrote:
(29-11-2017, 07:36 PM)Boon Wrote:
(29-11-2017, 11:56 AM)specuvestor Wrote:
(28-11-2017, 07:26 AM)Boon Wrote: Decline of 20% from here.
Which market? Each capital cities has its own market dynamics and hence property cycles
Starting time = now
Ending time = ?
What's your basis of 20% decline from here?
The basis has been described in past posts. Mainly because Aussie economy is commodity driven and recent rise is fueled by Chinese money. That said I have also said Australian Financial sector seemed very well managed historically so I do not expect a crash, but a substantial decline; which "substantial" to me means >20%. Asking about which capital city is like asking US property bust is different for each state, which is true to a certain extent but inconsequential.
 
If I know the ending time, not to mention the exact starting time, I would not be working Smile I would be playing bitcoin. 

I've also mentioned back then that there were only 2 property bubble left: UK and Australia. Since then even HK & China has retraced and recovered; while London has started to taper as well (In US$ term it has actually peaked in 2014 since GBP lost 1/5 of value, AUD lost 30% value in US$ since 2011). With US likely to go real interest rate soon, return expectation, not only downunder, will change.

In post # 729,
 
With response to Bloomberg’s “ The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come, you wrote:
 
Talked about this for more than 3 years... that's how long it can take for a bubble to burst
 
That’s why I responded by asking “Is party winding down same as bubble bursting?” in post#725.
 
Now you are saying “no crash” but a “substantial decline”.
 
But definition, if there is a bubble, then it will eventually burst. If it doesn’t, then it wasn’t a bubble to begin.
 
So was there a bubble in the first place? 
___________________________________________________________________________________________________________________

How many property bubble left in Australia now ?

I think more articles talking about Australia property bust now. I think this will continue till 2020 at least if Aussie govt is prudent. AUDSGD is now below 1

This is just one from Forbes which is similar to what I have said 8 months earlier (and more prior)

https://www.forbes.com/sites/johnwake/20...073fe02e54
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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