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OMG...Bono is so old.

Friday 14th Jun 2019

OMG...Bono is so old.


Twenty years ago we were in drought and record low rainfall was putting pressure on our dams, the Coalition had just defied all of the polls and won the Federal election, and U2 were touring the country dazzling stadiums with their classic rock anthems. Oh…and stock levels across the north shore were at record lows. So low in fact that it took 20 years for conditions to repeat themselves…welcome to now.
 
I’m no crystal ball guy but as stated in other newsletters I do believe the best place to look for predictive clues is in paying attention to what has happened in the past. So what did happen? The re-elected Howard government brought an immediate improvement in confidence in the property market (tick), this was followed by some easing on property taxation laws (tick), and banks started to increase lending on housing (tick). The net result? Property prices started to rise. In fact, the Sydney market saw a good run between 1999 and then didn’t cool off until Spring 2003.  
 
So let’s compare that to now. Experts agree that the market peaked in 2017 (as it did in the mid 1990’s), the Coalition came back in in 2019 (as they did in 1998), and then the market trended higher for the following 5 years.  Why not test that against another popular theory?…the seven year cycle. Market peaks in 1996, then peaks in 2003, then peaks in 2010, then peaks in 2017…I say bring on 2024.
 
So what’s my point? You should definitely get U2 tickets (if you can) because if you follow the above logic the market is the only thing that will be at its peak next time U2 return to our shores (and Bono will be 65).
 
One final huge shout out to the Mini Mos Community Fun Run & Fair that is on this Sunday. If you haven’t registered it’s not too late. We are so proud to be involved and I want to say a huge thank you to everyone that is working hard to ensure it will be a great day for Mosman Public School and the local community.
 
Until next week,
 
David Murphy