Australian property booms, busts & cycles deep dive with Vince Scully (ep836)

A Sydney suburb has made headlines falling nearly $600,000 in a year according to the AFR. In this episode John Pidgeon chats with Vince Scully from Life Sherpa to unpack the data and context that isn't mentioned, leading into a wider chat about boom and bust cycles. They touch on: 00:00 - what the headline doesn't tell us about the Sydney suburb that fell 09:45 - understanding that there are markets within markets 16:46 - what happens to property during a downturn 27:00 - is the 18.6 year cycle theory legit? 40:36 - was it easier or harder to buy a house when interest rates were 17%? 46:30 - where does Vince see the unemployment rate and house prices going 53:54 - tips for property investors 1:03:30 - will the property changes be reversed or are they here to stay? Related episodes: 739 the boom bust property cycle explained:    • 739 the boom bust property cycle explained...   Book a 15min free chat with John Pidgeon here: https://www.envisageproperty.com.au/f... Glen James' and Vince Scully's new book, 12 Months to Retire Right: https://link.amazon/B07u9ZQgE #ThisIsProperty #PropertyAustralia #AustralianProperty #PropertyHistory #PropertyCycles #NegativeGearing #PropertyInvesting #PropertyMarket #AustralianPropertyMarket #PropertyBoom this is property is proudly brought to you by: Solvere Wealth: https://www.solverewealth.com.au Sphere Home Loans: https://www.spherehomeloans.com.au Join our Facebook community, Australian Property Chat:   / 2324273761134945   Rachelle's book, The Quick-Start Guide to Your First Property: https://amzn.to/4svhyoH John's book, Sort Your Property Out & Build Your Future: https://amzn.to/45l7n9M