You said the same thing in May 2010 on post one of this thread. Even if you failed to enter into any shorts ( many of which would have lost serious money on this idea ), it would have been a distraction to taking much better investments at that time. Like going long US equities or ironically buying Australian property in the cities you claimed were in a bubble.
You'll be pleased to know that I didn't short any Australian banks in 2010 and I did indeed by US equities instead. .
Corelogic monthly prices https://www.corelogic.com.au/news/type?q=hedonicIndex 03 July 2017 "Capital City Dwelling Values Rise 0.8% Over June Quarter" https://www.corelogic.com.au/news/capital-city-dwelling-values-rise-0-8-over-june-quarter Table of data from the above article: https://www.corelogic.com.au/resources/pdf/indices/indices-release/2017-07-03--indices.png Sydney +2.2% in June, +12.2% year-on-year, median $880k Melbourne +2.7% in June, +13.7% year-on-year, median $675k Combined capitals +1.8 in June, +9.6 year-on-year, median $635,000 .
01 March 2018 "National Housing Values 0.8% Lower Since Peaking In September Last Year" https://www.corelogic.com.au/news/national-housing-values-08-lower-peaking-september-last-year Table of data from the above article: https://www.corelogic.com.au/sites/default/files/2018-03/2018-03-01-indicesresults.png Sydney -0.6% in February, -0.5% year-on-year, median $880k Melbourne -0.1% in February, +6.9% year-on-year, median $723k Combined capitals -0.3% in February, +2.0 year-on-year, median $655k .
03 September 2018 "Housing Correction Deepens With Dwelling Values Falling Across Most Capital Cities" https://www.corelogic.com.au/news/augusthomevalueindexresults Table of data from the above article: https://www.corelogic.com.au/sites/default/files/2018-09/20180903_cl_home_value_index_sep.jpeg Sydney -0.3% in August, -5.6% year on year, median $855,287 Melbourne -0.6% in August, -1.7% year on year, median $703,183 Combined capitals -0.4% in August, -2.9% year on year, median $646,020 .
01 October 2018 "Australia’s Housing Correction Marks Its Twelve Month Anniversary With Values Down 2.7% Since Peaking In September Last Year" https://www.corelogic.com.au/septemberhomevalueindexresults Table of data from the above article: https://www.corelogic.com.au/sites/...01_corelogic_home_value_index_oct_1_table.jpg Sydney -0.6% in September, -6.1% year on year, median $847,948 Melbourne -0.9% in September, -3.4% year on year, median $697,457 Combined capitals -0.6% in September, -3.7% year on year, median $642,531 .
And how does one deal with the carry on that given the huge dividend banks pay ? Risk free you can get 3% and the net dividend on banks is close to 6% annually . So you are minimum 9% behind annually . They dont call shorting Aust banks the widow maker for nothing