I can think of many reasons why the Sydney property market is set for a major correction and I can think of many reasons why it won’t.
I guarantee you I could find five experts to argue that the Sydney property market won’t crash, and I could find five experts to reason why it will.
But I’m going to tell you my number 1 reason why the Sydney property market won’t crash. Wait for it. Drum roll, please…
The number one reason the Sydney Property market won’t crash is….
IT’S TOO BLOODY OBVIOUS.
You see, you don’t see market crashes coming. And every day at the moment I can find an article predicting the end is nigh.
How many of you sold all your stocks just before the GFC? In hindsight, it was pretty obvious that was coming. Seen the movie the Big Short?
Any of you sell all your tech stocks before the crash? Remember the Asian economic crisis in 1997…did you see that coming?
Well, I didn’t.
At the moment it’s TOO obvious to predict a Sydney market crash, every other day the AFR is warning that an oversupply of apartments is coming.