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  • Sydney Property Is Tumbling. Don’t Expect the Central Bank to Help

    From bloombergquint.com

    Sydney house prices are tanking. In Australia’s most populous city, values have fallen 10.1 percent -- even further than declines in the late 1980s when the country was on the cusp of its last recession. They’ve had a good run: Sydney was the epicenter of a national property boom that saw the average price of a home in the city soar past A$1 million ($720,000). Now, as tighter lending standards kick in and nervous buyers sit on the sidelines, the consensus is that values still have much further to fall. 1. Are people getting worried? Not just yet. For most Sydney homeowners, the downturn feels more like a ... (full story)

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  • Comment #1
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  • Dec 14, 2018 6:22am Dec 14, 2018 6:22am
  •  Aussi
  • Joined Sep 2013 | Status: Member | 4013 Comments
blooming ya dont say its being going on for 6 months , i suppose better late than never ,s
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
 
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  • Dec 14, 2018 6:37am Dec 14, 2018 6:37am
  •  jamesph61
  • | Joined Nov 2013 | Status: Member | 18 Comments
The Chickens are finally coming home to roost!



Assuming you can afford a block big enough to house a coop in Sydney
 
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  • Dec 14, 2018 9:27am Dec 14, 2018 9:27am
  •  lasty
  • Joined Aug 2008 | Status: Member | 1423 Comments
You ain't see nothing yet.
 
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  • Dec 14, 2018 6:38pm Dec 14, 2018 6:38pm
  •  LuKa12
  • | Joined Sep 2014 | Status: Member | 78 Comments
Crying for help is un-Australian!!!!
 
 
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  • Posted: Dec 14, 2018 5:46am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 2,065
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