The future of Australian property prices

[sydboy007]

Interesting article in thebull today.

This slide shows how much we're spending on housing as a share of household income. Nearing 20%. Something needs to be done to reduce this as it's a huge drain on the country.

 

[sydboy007]

from the same article, shows the crazy increase in how much interest costs have gone up compared to rental income. Once again the debt fuel rocket of the CGT halving is clear to see

 

[medicowallet]

I just want to see a return to social equity where a man can own what he bought with his own hard work. The housing market is a classic example of socialism for us, capitalism for you. The whole thing is out of whack and once again it is liberal government socialism which caused it.

I agree with the last sentence (and blame tax cuts as having a greater effect than FHVB)

However if liberal government socialism birthed it, Labor government manurish policies fertilised it.

 

[Mrmagoo]

I agree with the last sentence (and blame tax cuts as having a greater effect than FHVB)

However if liberal government socialism birthed it, Labor government manurish policies fertilised it.

The current liberals are nothing but a bunch of steaming turds.

 

[medicowallet]

The current liberals are nothing but a bunch of steaming turds.

I think both sides of politics are the worst I can remember in my life. If I had to vote today, without a doubt, Abbott would get my vote, as even though it is likely, I do not know for sure he is an incompetent fool like the alternative.

Both Labor and liberal stuffed the housing market,

Both are useless, it is just that Labor is way more useless.
MW

 

[DB008]

The current liberals are nothing but a bunch of steaming turds.

And what would you call the muppets in power now?

 

[Klogg]

I think both sides of politics are the worst I can remember in my life.

I agree with this, however I think they've dumbed themselves down to accommodate a much less intelligent nation.

How many people actually understand or care about good housing policies, or any good policies for that matter... The others just vote for reasons entirely unrelated to good policy - i.e. because they want a woman PM, or they think the PM should be married with kids.

The more time goes on, the more I think we should introduce the need to pass an exam to be able to vote...

 

[Bill M]

I think both sides of politics are the worst I can remember in my life.
MW

That should go down as the statement of the week, totally agree. Thankfully I will be out of the country on the day of the election so i won't have to vote for either of them.

Sorry, housing prices, where were we? I reckon some of the recent sharemarket profits might flow in real estate soon, prices steady to up in the near term IMHO.

 

[IFocus]

That should go down as the statement of the week, totally agree. Thankfully I will be out of the country on the day of the election so i won't have to vote for either of them.

Mate I have been in countries where people have died for this simple right, please give some one your vote don't take it for granted.

 

[FlyingFox]

I think both sides of politics are the worst I can remember in my life.
MW

+1.

 

[Bill M]

Mate I have been in countries where people have died for this simple right, please give some one your vote don't take it for granted.

Sorry IFocus, with great respect to you I just can't get enthusiastic about it and I will not be voting. Best leave it there as the thread will become another boring, pointless political one. Cheers mate.

 

[sydboy007]

I suppose the huge issue for both sides is how do you make housing more affordable for those on he outside, when it will at best cause a long term stagnation in house prices, and most likely cause a reasonable decrease?

Considering the the over 55s own around 50~ of the housing stock they are a formidable voting block and one neither side can afford to antagonise.

I'd love a debate on why rising housing prices is good for the economy, let alone good for the welfare of the people.

 

[wayneL]

I'd love a debate on why rising housing prices is good for the economy, let alone good for the welfare of the people.

As a general principle, yes.

But there has been an aberration which complicates the equation.

 

[white_goodman]

I agree with this, however I think they've dumbed themselves down to accommodate a much less intelligent nation.

How many people actually understand or care about good housing policies, or any good policies for that matter... The others just vote for reasons entirely unrelated to good policy - i.e. because they want a woman PM, or they think the PM should be married with kids.

The more time goes on, the more I think we should introduce the need to pass an exam to be able to vote...

the nation has dumbed-down that considerably since 07? Deteriorating economies shine a bit more light on the political process an ineptitude of pollies imo

 

[explod]

the nation has dumbed-down that considerably since 07? Deteriorating economies shine a bit more light on the political process an ineptitude of pollies imo

I do find your last sentence here not making sense to me. Could you perhaps rephrase it ?

 

[McLovin]

I do find your last sentence here not making sense to me. Could you perhaps rephrase it ?

No one worries about largesse until the **** hits the fan.

 

[damien275x]

Know a girl who just committed at the end of 2010 to a $990,000 mortgage for an ugly Melbourne house. Not sure how the banks will dish that out when her and the partners income is only $120k. Now she's trying to get out due to job loss and it's not getting any offers higher than $660, they obviously won't accept, but still - it doesn't look likely that the money will be recovered. It is a black hole investing.

The thing with the price charts is they don't take into account the disgustingly large amounts of homes that just won't sell, and believe me, from the looks of things and talking to my real estate admin bitch friends (who are all being retrenched btw) - the boom seems to have lost a whole lot of steam and these companies, both developers and RE agents, are left scrambling to cover losses they didn't see coming. I think by 2017 should be over, or 2019 at the latest. Boom of the 2020s I will buy. Also if you are rich you can just average in as it continues to slide, but most people sell at the bottom then buy back in at the top like retards. Don't buy a house if you want to sell or flip it in 2 years, if you do that you deserve to lose 400k

 

[Mr Z]

I got this from DHA this AM.

Hi Mr Z

How much money do you need to have to become a real estate investor?

It may be less than you think!

According to the Australian Taxation Office, 76 per cent of the nation's 1.7 million property investors earned less than $80,000 in 2009-10.

Click here to read the full article Real estate investing not just for the super rich by Tony Winterbottom, DHA General Manager.

The properties listed below will be released for sale on Thursday 28 February at 12 noon.

Before I can secure a property for you, please send me through confirmation of your finances (e.g. finance pre-approval).

It is obviously designed to encourage me, DHA have become more active of late, pushing harder than normal. Anywhoooooo.... for some reason it had the opposite effect.

 

[village idiot]

looks like the s**t's hit the fan in nedlands, down 50% in 2 months

 

[village idiot]

but honestly all that chart proves is the uselessness of using the median price for comparison especially on small samples....