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Sydney Property Price History Charts

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michael_selway

Coal & Phosphate, thats it!
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Hi just wondering if anyone knows any sites for property prices in sydney through the years, 1980 till now?

By suburb and house type maybe? other states also?

Similar for basemetals we know about the below etc

http://www.kitcometals.com
http://www.basemetals.com/stocks.aspx

http://www.smh.com.au/news/national...-in-debt-crisis/2006/08/20/1156012414995.html

A THREE-BEDROOM brick-veneer house in St Clair sold for just $260,000 at the weekend - down about 42 per cent from its last sale at $450,000 in 2003 in a further sign of the depressed state of the Sydney property market.

http://www.smh.com.au/news/national...95000-last-week/2006/09/16/1158334735688.html

THIS is Sydney's cheapest unit. The one-bedroom unit in Cabramatta sold at auction last week for $95,000. In November 2003 it cost $262,500.

http://www.smh.com.au/news/national...tops-at-6m-plus/2006/09/10/1157826816040.html

ALSTER HOUSE in Paddington has sold for about $6.75 million, highlighting a run of record prices despite subdued conditions for most vendors testing the spring market.

The 1878 four-level terrace on Goodhope Street, whose price easily exceeded the $4,525,000 record holder of the past two years, regained its status as the suburb's top seller.

http://www.smh.com.au/news/property/the-perils-of-falling-house-prices/2006/09/11/1157826873571.html

He gives the example of a couple who had a $450,000 mortgage for a home which fell in value to about $400,000. The husband lost his job and, although his wife was employed, she didn't earn enough to support the mortgage and other repayments. For a time they tide themselves over by using their credit card but once they reached the card's $20,000 limit they had no access to further credit and were forced to sell their home. The sale didn't cover their debts.

http://www.smh.com.au/news/australian-capital-territory/bottoms-up/2006/09/14/1157827075049.html
http://www.smh.com.au/news/australi...at-alltime-high/2006/09/14/1157827074647.html
http://www.smh.com.au/news/australi...luechip-suburbs/2006/09/14/1157827077008.html
http://www.theage.com.au/news/Busin...all-others-rise/2005/09/01/1125302668074.html
http://www.theaustralian.news.com.au/story/0,20867,20244945-2702,00.html
Click to expand...

http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/6416.0?OpenDocument

Japland.jpg


thx

MS
 
Excellent find Michael.

I was going to comment on how sustainable the Perth market looked in those graphs and my knowledge of physics, but then reading your top link posts, I found this which sums it up perfectly :

However, Perth has real worries of its own. Price rises in the double digits in just one quarter is not sustainable and my fear is the harder that market rises, the harder it will fall when the cycle changes.

“It has been well documented that the reason why the Perth market is doing so well relates directly back to the global commodity market boom. May I also suggest a second theory, being that the market is a particularly shallow one, in that there is not much tradable stock, meaning that any shifts in demand can cause a dramatic move for prices. However, this can also work in the opposite direction. For when demand eventually falls, Perth housing prices will likely retreat quite sharply.


Speaking of which, had anyone see the figures out from the US on Thursday night? "US House prices plunging at fastest rate in 36 years." It came with some nice graphs, which I could swear looked almost the inverse of the Perth graph . .
 
YChromozome said:
Speaking of which, had anyone see the figures out from the US on Thursday night? "US House prices plunging at fastest rate in 36 years." It came with some nice graphs, which I could swear looked almost the inverse of the Perth graph . .
Click to expand...

yeh i did hear that... was it 10.4% in one quarter?
Ouch!
couple that with the fact that it was only 3 years ago when houses peaked out and interest rates at 1% in the States, doesnt paint a good picture and i reckon heaps of people got caught buying at the top with a massive mortgage and falling house prices and now severely in debt :banghead:
 
YChromozome said:
Speaking of which, had anyone see the figures out from the US on Thursday night? "US House prices plunging at fastest rate in 36 years." It came with some nice graphs, which I could swear looked almost the inverse of the Perth graph . .
Click to expand...
"You can't lose with real estate" :p:

Words that will haunt many for years to come. :2twocents
 
If you are anything like me and have backed the comodities boom to continue it's bull run for at least a few more years to come, then can you imagine what WA real estate prices will be like when gold surges over $1000 plus an ounce and every two bit gold mine that ever dug up a nugget will start up again. The 1890's gold boom is about to happen again.Property prices and rents in gold mining towns like Kalgoorlie-Coolgardie_Southern Cross will match the rents in Karratha $600-$1000 a week. WA is extremely short of workers which will keep pushing wages as companies compete for workers and that in turn keeps pushing house prices here. Every boom has it's bust and ours is coming but i suspect it is not for a fair while yet. I keep an eye on the Sydney market and would like to invest there in the future but not untill the interest rates show signs of going down not up like next month. The best property chart to look at is the housing affordabilty index. If corilate that to Sydney property prices you will never have to guess your entry into property again. I hope this has been of some help to you.
 
whilst i agree that the property market is going to come off the boil, i am struggling to work out how much it will fall by...

given that it costs close to 250K to put up a decent house nowadays, not to mention council costs in connect up facilities, etc, (this is pretty much throughout australia)... if the median price drops significantly, you are talking about land value approaching close to zero!!!!

I fail to see how this can happen...

In Australia atleast, i don't beleive there is this massive oversupply of land... (suitable for developement that is) or indeed houses.... sure lot of investors may decide to exit the market, but there are lot of people how still don't own a home...

All up, its hard to see a fall of more than 20%... (famous last words :D :D :D ) especially with most people earning 50K a year on avg...
 
Interesting series of reports on the ABC's world today about the state of the Sydney market and things to come :
http://abc.net.au/worldtoday/

- Mortgagee sales rising
- Dreams shattered as mortgagees forced to sell homes
- Estate agents say housing repossession never worse
- Perth housing market will follow Sydney, Melbourne slump: analyst
- Property problems raise questions about lending practices
- Fed MPs debate solution to housing woes of their constituents
- Foreigners hoping to steal Melbourne Cup

Speaking on Perth :

MICHAEL EDWARDS: And you're saying at this stage the problem is affecting Sydney and Melbourne primarily, but is it likely to spread to other parts?

NEIL JENMAN: Oh, very much so. I look at what's happening in Perth today, and I think that the headlines are saying, well Perth is likely to overtake Sydney as the most expensive city in Australia.

What a lot of people don't realise is that Perth, on a household income to prices ratio, is already the most expensive city in Australia, and in actual fact it's the fifth most expensive city in the world.

Now, as beautiful as Perth may be, that just doesn't make sense. And I can assure you that one of the next headlines we'll be seeing in the months and years ahead will be ahead of the Perth property collapse.

MICHAEL EDWARDS: So they're headed for a fall?

NEIL JENMAN: Oh, a huge fall. No doubt about it whatsoever.

Look, wherever you get a great big boom, you get people saying that this boom is different this time, but you also get a great big bust afterwards.
 
Perth, on a household income to prices ratio, is already the most expensive city in Australia, and in actual fact it's the fifth most expensive city in the world.

Now, as beautiful as Perth may be, that just doesn't make sense
Click to expand...
Exactly. And it doesn't make sense for Adelaide, Brisbane, Melbourne and Hobart to be amongst the most expensive cities in the WORLD either. Sydney perhaps, but not Hobart or Adelaide. There's nothing "wrong" with them but when you find either of them listed along with London or New York in terms of affordability then you know something ain't right and it's not likely to last. Most people outside of Australia and perhaps NZ wouldn't even know they exist.

Look, wherever you get a great big boom, you get people saying that this boom is different this time, but you also get a great big bust afterwards.
Click to expand...

Anyone had the experience of foreseeing a young driver smashing up their car? I have and I even told them exactly what would happen. Sure enough, that's exactly what happened but there is no way I could ever have convinced them before the crash that they were heading for disaster. I tried, so did others, but it took the actual smash to get the message through to an otherwise quite smart individual.

Same with bubbles and lots of other things. It all looks fine when you're on the inside whilst for those outside the impending disaster is readily apparent. Only after the event will those on the inside understand why others saw it coming. :2twocents
 
YChromozome said:
Interesting series of reports on the ABC's world today about the state of the Sydney market and things to come :
http://abc.net.au/worldtoday/

- Mortgagee sales rising
- Dreams shattered as mortgagees forced to sell homes
- Estate agents say housing repossession never worse
- Perth housing market will follow Sydney, Melbourne slump: analyst
- Property problems raise questions about lending practices
- Fed MPs debate solution to housing woes of their constituents
- Foreigners hoping to steal Melbourne Cup
.
Click to expand...

I heard the World Today programme also. It included the fact that many of those involved in having their homes repossessed had obtained loans from nodoc lenders with minimal or no deposits. Some of these lenders have even permitted loans to people on Centrelink benefits. Obviously they can't hope to keep up the repayments.

So, before everyone gets too hysterical about media reports of incredible levels of mortgagee sales, let's document exactly the basis on which houses are in fact being repossessed.

If borrowers are silly enough to borrow to their absolute maximum capacity of repayment, and not allow anything for rate rises (or any unforeseen expenses in their personal lives), then I haven't a whole lot of sympathy for them.

Julia
 
Julia said:
If borrowers are silly enough to borrow to their absolute maximum capacity of repayment, and not allow anything for rate rises (or any unforeseen expenses in their personal lives), then I haven't a whole lot of sympathy for them.

Julia
Click to expand...
Many people now have no choice if they want to own. Even houses in Hell (located precisely in Rageway, Geraldton) are now more than 200k.... well beyond the capacity of most of the poor unfortunates consigned to live there.
 
YChromozome said:
Excellent find Michael.

I was going to comment on how sustainable the Perth market looked in those graphs and my knowledge of physics, but then reading your top link posts, I found this which sums it up perfectly :

However, Perth has real worries of its own. Price rises in the double digits in just one quarter is not sustainable and my fear is the harder that market rises, the harder it will fall when the cycle changes.

“It has been well documented that the reason why the Perth market is doing so well relates directly back to the global commodity market boom. May I also suggest a second theory, being that the market is a particularly shallow one, in that there is not much tradable stock, meaning that any shifts in demand can cause a dramatic move for prices. However, this can also work in the opposite direction. For when demand eventually falls, Perth housing prices will likely retreat quite sharply.


Speaking of which, had anyone see the figures out from the US on Thursday night? "US House prices plunging at fastest rate in 36 years." It came with some nice graphs, which I could swear looked almost the inverse of the Perth graph . .
Click to expand...

do you have a link to the "nice graphs"?

thx

MS
 
michael_selway said:
do you have a link to the "nice graphs"?
Click to expand...

Can't find exactly what I was after sorry - Many news outlets ran the numbers and a search on news.google.com.au finds many.

I've attached the one for the price of NEW US housing. It was down 9.7%, the fastest fall in 36 years (depending who dramatises it)

Existing US housing fell 2.5% which some claim is "the largest decline in records going back nearly four decades."




I've also thrown in "Investors Flee Housing" which I find more interesting being closer to home. It was a graph Alan Kohler ran on the ABC showing Loan Growth to buy existing Investment Properties in Australia. It would appear investors made a sharp 'u' turn and one might assume there is not as much demand for housing at the present moment? (Unless Investors are now paying cash for their Investment Properties . . . )
 

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Exactly. And it doesn't make sense for Adelaide, Brisbane, Melbourne and Hobart to be amongst the most expensive cities in the WORLD either. Sydney perhaps, but not Hobart or Adelaide. There's nothing "wrong" with them but when you find either of them listed along with London or New York in terms of affordability then you know something ain't right and it's not likely to last. Most people outside of Australia and perhaps NZ wouldn't even know they exist.
Click to expand...

Smurf you dont travel much do you?

80% of the worlds population would fall over themselves to have even 50% of the lifestyle those in Hobart and Adelaide Enjoy.

Just dont tell them.


What is this fixation with property and investors/interest rates.
Serious investors have sold or are selling property and gearing to more sensible levels.Sell one house and positively gear 2.

Theres more to property investment than buy and hold.
Personally I feel there is a poor understanding of wise property investment Just as there is in wise share trading.

This fixation is clearly limited to those who lament missing out!!
All singing in chorus that they WILL buy when prices crash.

Would one of these wise people just let me know when I should rush out and buy!
 

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