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There's a couple of nice little bars down the road from me which I sometimes go to and ive noticed that they have started to introduce 'happy hours'...

One is doing $7 schooners between 3 and 5pm on all tap beers and the one across the way is doing $12 pints of Stone and Wood and Guinness between 4 and 6pm.

Then there's a pub further up which is doing a $5 Schooner on it's "beer of the month" all day every day.
 
Sorry to introduce housing lending data into this thread.

www.abs.gov.au

Lending indicators, March Quarter 2026

Quarterly estimates of new borrower-accepted finance commitments for housing, personal and business loans
www.abs.gov.au www.abs.gov.au

Also some interesting stats on the front page, something for everyone.

www.abs.gov.au

Australian Bureau of Statistics

Australia's national statistical agency providing trusted official statistics on a wide range of economic, social, population and environmental matters.
www.abs.gov.au www.abs.gov.au
 
erogenouszone said:
Sorry to introduce housing lending data into this thread.

www.abs.gov.au

Lending indicators, March Quarter 2026

Quarterly estimates of new borrower-accepted finance commitments for housing, personal and business loans
www.abs.gov.au www.abs.gov.au

Also some interesting stats on the front page, something for everyone.

www.abs.gov.au

Australian Bureau of Statistics

Australia's national statistical agency providing trusted official statistics on a wide range of economic, social, population and environmental matters.
www.abs.gov.au www.abs.gov.au
Click to expand...

I think that this is a reasonable correction of what was definitely an overheated property market....

A soft landing rather than a crash!

When prices are showing signs of stalling or declining in major capital cities like Sydney and Melbourne, it means that buyers have shifted toward a more cautious posture, preferring to wait for stabilisation rather than competing in an inflated market.

I don't think were looking at anything like a prolonged downturn here primarily because of the "supply and demand" issues. No doubt occupiers and investors will re-enter the market once they perceive we're at the bottom of the cycle....

My prediction is the big "bounce back" will be in about 18-24 months.

Buy now kids.....you won't regret it!!
 
General rule of thumb is a 7yr cycle.

I agree after all the whinging it’s time to buy moving ahead before the increase applies sooner or later.
Now or never for some as they say.
 
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