Posts Tagged ‘Sydney Property Market’

rsimeon

You want an Inquiry? Have one on Australian real estate

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Forget about a royal commission into our banks – what Australia really needs is a full and transparent inquiry into the Australian property markets. For example, Australia’s population currently sits at 24 million people. By 2026, our single households are projected to increase by a staggering 38.7 per cent. Just imagine the terms of reference?

Why is Sydney in a pattern where presently we see the lowest amount of homes (established) on the market? Why are we seeing the lowest ever number of first home buyers recorded sales? What exactly is the impact of negative gearing on Australian residential real estate? What is the precise impact of state taxes on our … more »

rsimeon

Hypothetically speaking what happens ….

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If Labor wins the election and removes negative gearing from existing properties and we see a massive price correction in the newly built apartments because many would slide into negative equity – the banks then come in with forced sales. Investors then can’t buy these properties because they now fall into the existing category. Actually this is not a hypothetical as this is already happening in Melbourne and we are starting to see these newly created markets with a death wobble in Sydney.

The problem for example in Sydney is that tens of thousands of new apartment blocks are being created with absolutely no transport infrastructure to support them. You can’t … more »

rsimeon

2016 will see strong and wrong markets

I’m always amazed when I read property market predictions as the first thing I think is which market are they actually attempting to refer to? Like clockwork each year in January we usually read dire predictions about the economy, property markets and of course the cash rate. It is also worth mentioning that nobody actually comments on the individual markets simply because they don’t understand them so that’s why they then, say, revert to the Sydney markets – a safe bet on being right.

Much like in 2015 when commentators were totally perplexed at Sydney’s out of control residential markets which had them in a state of confusion – until it … more »