Sydney Prices To Hit $3.8M By 2050? | 18.6 Year Property Cycle

[@JoeyBlogs007]

I think by 2050 there will be little reason to be living in a big city. Beyond perhaps entertainment and large hospital health services. Most factories will be automated and probably up to 70% of the population will be remote office and personal services workers. This could create downward pressure on city realestate prices and upward pressure on regional realestate prices.

[@hsvracer]

I think that by 2050, we won't be talking about anything in Aussie dollars. I think we'll be on a completely separate currency, that will reset national debts and our debts by default.

[@jamesm6341]

Sydney got the best medical professionals in the country.

[@williamcrossan9333]

London does too. Some GP's in London are earning 20 quid an hour. Hence, many are leaving.

[@DGT86]

You have to give credit to Phil Anderson mate, Jason is great and provides fantastic insight and summary but you have to credit the original author.

[@williamcrossan9333]

I think the government will have to curb the immigration rate. It's going to be particularity obvious in a few more months, that 1.2 million NET dwelling completions will simply not happen. Actually the crisis is here right now.

[@williamcrossan9333]

The thing I don't understand. Where the heck is the money coming from to keep paying these prices? And then as more and more money gets funneled into housing, why does this not affect the various businesses, which employ the very people who have to pay for housing! I really don't get it.

[@tomislav8193]

Where does the money come from? The government just prints more money when it wants & it's backed by "trust me bro".

[@williamcrossan9333]

@@jezg084 Yeah, that would be a factor. But transacting a million dollar property costs 70K also. So even the home owner will run out of money doing that too many times!

[@hanabibibiy]

Best time to buy a house was yesterday , next best time is today. I bought a place for 2.1m in Hills NSW , didnt regret one bit. It's not the price , it's the value

[@goransugarevski6439]

I believe that the 18.6-year cycle will peak in 2028, and in 2050 Sydney's price will be close to $5.6m and Melb's $3.4m, thanks for the information and keep it up.

[@schumanhuman]

I agree the cycle might well run longer than average of 18.6 (range is 17-21), this is even more true in the US where housing debt is very vanilla. However the lack of interest rate cuts (which are coming soon imo) isn't a killer for the blow off top, what you need is easier credit which can be driven by looser lending stanards as well as the nominal rate, think Biden's proposed 10K homebuyers tax credit.

[@moak08]

Converting roof space into rentable luxury apartments would The next Big thing

[@janetkirsten6233]

I predict WW3 and house prices will be irrelevant. Material assets won't rate. My 1 bedder is worth over a mill, but I struggle to pay the mortage. I only paid 450k and thinking of moving, but as Ravi says how do we know what property prices will be ?

[@stevedrane9301]

I have 7 investment properties in Perth.Its insane you can still buy 3 bed units under $250k.I'm retired so not for me but if I was younger I'd be piling in

[@williamcrossan9333]

What locations? If you're happy to share.

[@stevedrane9301]

@@williamcrossan9333 Orelia Medina Calista

[@michaelmallal9101]

Looks like we're in winners curse?

[@dmoo8121]

Thanks ravi

[@chookie131]

So good!!!!

[@sicpuppyblahblah]

Dimond hands 💎 HODL!