It's coming.A massive housing price crash.Way overdue.Firstly :...

  1. 595 Posts.
    It's coming.
    A massive housing price crash.
    Way overdue.
    Firstly : Did you know there are over 130,000 unoccupied properties in Sydney alone. And close to 840,000 across Australia?
    Or all the banks were recently secretly stress tested by the goverment - on a rapid currency devaluation & increased unemployment and that 4 of the top 6 banks would fail on their housing exposure ?
    That's exactly what's behind the plan to make
    deposit insurance be paid now.
    -
    Immigration is going to slow.
    Umemployment is going to go up.
    Interest rates now can only go up.
    Individual debt levels are extreme.
    Wages will decline in real and relative terms.
    Foreign investors are cashing out and taking
    their money out of properties & the banks.
    Deposits have gone backwards and banks will not lend & will aggressively foreclose on any
    arrears to protect their book of loans.
    -
    Everything points to a massive downturn and the housing bubble about to explode.

    The recent currency devaluation of 15% is just the first phase in the bust cycle.
    Sell now if you can, and get the money into an
    offshore currency.
    -
    The AUD is going to slam down to around usd 65c and euro 55c almost immediately post
    election.
    Average sydney house price in the inner suburbs will fall from $820k to around $340k, ie a fall of more than half in the next 18 months.
    That's all it's going to be worth.
    Most people will lose all their equity and Dyi super in this housing bust.
    /
    Hard to believe ??
    Happened everywhere else.
    Panic early in a bubble is best advice, stay
    liquid. Property values will decline for the next 4 years. That's the cycle.
    Don't be reading this at Xmas and kicking
    yourself that you didnt believe it.
 
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