use 16 to calculate how much is enough for retirement

Originally posted by cafa ↑

As expected - Business Insider today

https://www.*.com.au/house-prices-falling-sydney-and-melbourne-2017-12

House prices in Sydney and Melbourne fell last week, offsetting modest gains in each of Australia’s remaining three mainland state capitals.
According to CoreLogic, prices fell by 0.2% in Sydney, leaving the decline over the past four weeks at 0.7%. From a year earlier, prices in Australia’s largest and most expensive housing market increased by 4.2%, well below the high-teen levels seen earlier this year.
Joining Sydney in the falling house price club, Melbourne values also weakened, falling 0.1% during the week. However, in stark contrast to it’s northern neighbour, prices in the city have risen by 0.4% over the past month, leaving values up 9.6% from 12 months earlier.
So Melbourne price growth is slowing, just not yet to the same degree as Sydney.
https://edge.alluremedia.com.au/uploads/*/2017/12/House-price-table-corelogic-Dec-11-2017.jpg

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AFR today.

The canary is starting to sing louder, or that a train I hear.

A small drop, but it could indicate the tide is turning. I'd expect a significant increase in investment properties being dumped as punters try and catch near the top of the market.

Sydney apartments post biggest drop in value in six years in September quarter: ABS
http://www.copyright link/content/dam/images/g/z/f/h/z/b/image.related.afrArticleLead.620x350.h030bo.png/1513056242030.jpg
Apartment values in Sydney fell at their fastest rate in almost six years in September. Jessica Hromas

by Michael Bleby
Sydney apartments, townhouses and semi-detached homes fell 1.4 per cent in value in the September quarter, their biggest loss in almost six years, as investor credit curbs tightened and larger volumes of apartments settled.
The quarterly fall in the price index of so-called attached dwellings, followed a 2.6 per cent gain in June and was the largest quarterly decline since December 2011, when values fell 2.3 per cent, Australian Bureau of Statistics figures on Tuesday showed.
House prices also turned negative in the NSW capital in the three month period, with values falling 1.3 per cent from June, confirming a slowdown in a market that has thrown the brakes on price growth compared with its buoyant start to the year. Separate figures earlier this month from CoreLogic showed Sydney dwelling values fell 0.7 per cent in November.
"They have completely turned 180 [degrees]," said Dan Tussie, a real estate agent with Kirribilli-based Deborah Richardson Real Estate.