Post to SinFongChanRE.wix on 12/12/2017 at 4:34 PM
Commenting on “Australia's housing boom is almost over”
https://www.domain.com.au/news/australias-housing-boom-is-almost-over-says-hsbc-chief-economist-paul-bloxham-20171212-h031ge/
I wonder major banks, economic research firms and fellow real estate agents read my blogs. Hey people, are you interested in engaging this Chinese Nostradamus in your team?
Despite my interpreting information from secondary (reported) source only, I am fairly good in reading between lines about the rise and fall of the real estate market.
Guessing the boom and bust timing may not win me a prize, but I did win ok on price last year when I sold a block of land making substantial gain.
No one has a real crystal ball to foretell the market, but these days there is plenty of news available via different media including cyberspace to enable me to make informed "guess". I call it the virtual crystal ball.
The linked article actually mentioned that "... during the past six months Sydney prices have fallen by one per cent". The question is did Melbourne experience the same? I do not have the data yet, I believe Melbourne's prices was not much better than Sydney.
I do believe the news is NOT good for those bought properties for a quick return; some gambled on continuous rise and borrowed heavily, and they may hit a snag next year. Yep, I am against many economists' prediction including RBA that there may not be any rate increase in 2018.
The signs are there that there will be wage rise in many sectors; food prices may soar due to erratic hot weather that ruin the crops. In January, utility prices will go up, and these will put a dent in the consumer price index.
Not only CPI will increase, inflation will increase as well.
I am neither an economist nor a financial adviser. The article is for general public consumption only. Please consult your financial adviser when you decide to invest in property.
Thank you for reading.
Commenting on “Australia's housing boom is almost over”
https://www.domain.com.au/news/australias-housing-boom-is-almost-over-says-hsbc-chief-economist-paul-bloxham-20171212-h031ge/
I wonder major banks, economic research firms and fellow real estate agents read my blogs. Hey people, are you interested in engaging this Chinese Nostradamus in your team?
Despite my interpreting information from secondary (reported) source only, I am fairly good in reading between lines about the rise and fall of the real estate market.
Guessing the boom and bust timing may not win me a prize, but I did win ok on price last year when I sold a block of land making substantial gain.
No one has a real crystal ball to foretell the market, but these days there is plenty of news available via different media including cyberspace to enable me to make informed "guess". I call it the virtual crystal ball.
The linked article actually mentioned that "... during the past six months Sydney prices have fallen by one per cent". The question is did Melbourne experience the same? I do not have the data yet, I believe Melbourne's prices was not much better than Sydney.
I do believe the news is NOT good for those bought properties for a quick return; some gambled on continuous rise and borrowed heavily, and they may hit a snag next year. Yep, I am against many economists' prediction including RBA that there may not be any rate increase in 2018.
The signs are there that there will be wage rise in many sectors; food prices may soar due to erratic hot weather that ruin the crops. In January, utility prices will go up, and these will put a dent in the consumer price index.
Not only CPI will increase, inflation will increase as well.
I am neither an economist nor a financial adviser. The article is for general public consumption only. Please consult your financial adviser when you decide to invest in property.
Thank you for reading.
