Australian Politics Forum - Sydney property price collapse has started

Sir lastnail

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Re: Sydney property price collapse has started
Reply #390 - Nov 9^th, 2015 at 12:40pm

Ex Dame Pansi wrote on Nov 9^th, 2015 at 12:09pm:

Sir lastnail wrote on Nov 8^th, 2015 at 4:47pm:

red baron wrote on Nov 8^th, 2015 at 4:43pm:

As I predicted in another thread over 6 months ago the Sydney Property Market is now officially in a Death Spiral. Clearance rates today 50% and going down 3 Months ago it was 90%.

Those that took my advice would be counting their dollars those that told me I was a dickhead...EAT IT! Wink

You are so right red baron. I tried to tell them this many times but they would just return fire with a barrage of personal insults !!

Like I said. If it walks like a ponzi scheme and quacks like a ponzi scheme then it most likely is a ponzi scheme !!

Yep, 33% clearance rate on the weekend in SW Sydney.

Plenty of rubber-neckers at the auctions checking out who is game enough to start the bidding Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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red baron

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Re: Sydney property price collapse has started
Reply #391 - Nov 9^th, 2015 at 2:01pm

Certainly in New South Wales, the ever hungry housing market has been the mainstay of Government income as they scooped in thousands of millions of dollars in Stamp Duty.

This river of gold is literally drying before their eyes.

The Economy in on the turn. People's confidence is being eroded with each release of Federal Government plans to hit everyday Australians.

The Sydney Housing market in particular has been fuelled by greed and plain hot air, that is now evaporating faster than Wizard of Oz's reputation..it is all smoke and mirrors and has been right from the get go.

A lot of people are going to be badly burnt and many of them deserve it, because it is those speculators that turned it into what it was, a house of cards.

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Sir lastnail

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Re: Sydney property price collapse has started
Reply #392 - Nov 9^th, 2015 at 2:11pm

red baron wrote on Nov 9^th, 2015 at 2:01pm:

Certainly in New South Wales, the ever hungry housing market has been the mainstay of Government income as they scooped in thousands of millions of dollars in Stamp Duty.

This river of gold is literally drying before their eyes.

The Economy in on the turn. People's confidence is being eroded with each release of Federal Government plans to hit everyday Australians.

The Sydney Housing market in particular has been fuelled by greed and plain hot air, that is now evaporating faster than Wizard of Oz's reputation..it is all smoke and mirrors and has been right from the get go.

A lot of people are going to be badly burnt and many of them deserve it, because it is those speculators that turned it into what it was, a house of cards.

Yes and we saw this happen with the mining boom that was supposed to last another 20 years !!

Now you can buy a 1 million dollar mining truck for 50K !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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