Sydney Australia – can anyone help?

[4826monongahela]

I’m looking for the equivalent of piggington but for Sydney. I realize we’re a little ways away from SD, but thought I’d try.

We’ve been casually looking at houses in the North Beaches area of Sydney for a couple of yrs and the recent 35% currency slide over the past few months has made otherwise unaffordable houses within reach (we’d pretty much go “all-in” and pay cash.) Our savings are currently in USD & Euro. I’m a bit sceptical looking at the rent-to-buy ratios, what info I can find on median household incomes to house prices, etc. However, unlike SD the last decade hasn’t seen such crazy run-up in prices and it is true there is ltd ability to build new units, esp in the North Beaches area. From what I gather, net migration is coming in & looks to continue increasing from the country/abroad. Interest rates just dropped, but who knows what they’ll be 6months out, let alone 12+. I’m looking for a better understanding of the market – relevent data that seem to be brought up quite regularly in your local SD market forums. I’m having trouble searching/googling the info down here. I’ve found the local realtors (predictably) too one-sided to really listen to (no surprise.) Anyone got links/info/sources they could point me to?

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[Running Bear]

I have been doing a little reading on the Australian housing market. I haven’t been focusing on Sydney but Brisbane. I would not buy a house right now. From what I can tell, they are getting close to a peak in a very sharp rise in home prices and this credit crunch will help them start to move down. I can’t find the link now but I watched a video of an Aussie talking about a coming 30% correction in the housing market. Be patient for at least a year and see how it shakes out.

If the currency starts to move up you can always move some money into Aussie dollars to lock in the recent big drop.

My2Cents

[patientrenter]

I wish you luck on your research. I don’t have any data, but I echo RunningBear that my little knowledge says that Sydney has gone through a bubble too, and it’s about to deflate. Wait until you have real solid data.

[patientrenter]

I wish you luck on your research. I don’t have any data, but I echo RunningBear that my little knowledge says that Sydney has gone through a bubble too, and it’s about to deflate. Wait until you have real solid data.

[patientrenter]

I wish you luck on your research. I don’t have any data, but I echo RunningBear that my little knowledge says that Sydney has gone through a bubble too, and it’s about to deflate. Wait until you have real solid data.

[patientrenter]

I wish you luck on your research. I don’t have any data, but I echo RunningBear that my little knowledge says that Sydney has gone through a bubble too, and it’s about to deflate. Wait until you have real solid data.

[patientrenter]

I wish you luck on your research. I don’t have any data, but I echo RunningBear that my little knowledge says that Sydney has gone through a bubble too, and it’s about to deflate. Wait until you have real solid data.

[EconProf]

Syndey RE prices are currently falling fast, for at least three reasons that will continue to operate for some time: falling commodity prices (of which Aust. is a big supplier), falling tourism, and a strengthening dollar. Time is on your side…just wait a while.

[EconProf]

Syndey RE prices are currently falling fast, for at least three reasons that will continue to operate for some time: falling commodity prices (of which Aust. is a big supplier), falling tourism, and a strengthening dollar. Time is on your side…just wait a while.

[EconProf]

Syndey RE prices are currently falling fast, for at least three reasons that will continue to operate for some time: falling commodity prices (of which Aust. is a big supplier), falling tourism, and a strengthening dollar. Time is on your side…just wait a while.

[EconProf]

Syndey RE prices are currently falling fast, for at least three reasons that will continue to operate for some time: falling commodity prices (of which Aust. is a big supplier), falling tourism, and a strengthening dollar. Time is on your side…just wait a while.

[Author]

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