It's all too easy to make relentlessly bearish prophecies as we have seen over the last dozen years or so, for if the calls don't come true then there is very little accountability, and the timescale simply gets pushed out for another year or three.
That way you don't have to waste too much of your precious time listening to the media poobahs and soothsayers.
Nobody can see the future with any accuracy, but you can at least put the odds in your favour.
The oil price shock has seen formerly solid growth in Aberdeen quickly turn negative, from +13.5 per cent a year ago to -1.4 per cent today, perhaps to a very small extent mirroring the throes and woes of Australian mining towns.
- Cambridge +14.4 per cent
- London +13.3 per cent
- Cambridge +49.6 per cent
- London +47.3 per cent
- Cambridge +78.4 per cent
- London +74.3 per cent
Sydney - 2015 land values
One of the reasons that despite cyclical corrections it has been such a difficult proposition to be on the short side of Sydney property over the years has been the ongoing escalation in land values, driven in part by strong population growth.
Data from the NSW Valuer General showed that 2015 again saw substantial increases in median land values across great swathes of the city.
That said, not everyone can afford inner suburban capital city property, so those without the budget need to be more thoughtful and considered.
At the risk of stating the obvious that particular ship has now sailed, while auction clearance rates in Blacktown, the outer western, and south western suburbs suggest that prices in those locations were already in correction mode by the back end of 2015.
As such, land values were materially higher across practically every metropolitan location at the end of the year as compared to the beginning of it.
Long term outperformers
Overall in 2015 land prices rose by another
Early on-the-ground reports from OFIs suggested a level of market confidence returning to Sydney buyers this weekend, and this was certainly evident at some opens in Brisbane.
Knight Frank forecasts 10 per cent price growth for Sydney in 2016, which sounds rather too optimistic to me, but then I've underclubbed my Sydney predictions for three calendar years in a row now.