I am seeing similar in Melbourne bayside area which is a better area. Houses that were 1.3 1.4 are starting to touch 1.0 now and units / apartments are at 500-600 which they were for 700-800 a year ago.
It's public record...
Money gets tight = no money for holidays.
Also renovations/materials are expensive so I think people do their maths before buying rather then yep 1.5m mate whats a lick of paint worth these days... throw a pineapple at it should be right
Yeah, because of covid. Then the floodgates opened again. In fact, the politicians even said we'd "missed out" on so many people when the borders were closed and now need even more to make up the difference.
Yes it definately is... if you have the means
Not necessarily, but even if so, is that supposed to be a problem?
Doesn't have to though
Doesn't have to though
kiss your ( consumer-driven ) economy goodbye ???
Why are you stating this?
I'm wondering where everyone is going to live?
International students enrolments considerably higher than pre pandemic levels and mass immigration.
I'm not sure we will see a much cheaper housing market, as what has been touted... probably more a consolidation moving into slightly rising again.
From where I'm sitting, we are going to see a population increase of at least 1.5% a year for the next 3 years, and that figure only includes immigration and international students. Hello...
Australia: 11% rise in new commencement predicted in 2023
Australia is set to see increased international enrolments in 2023, with expectations reckoning on overall growth of between 8% and 12%, according to marketing intelligence platform Studymove.thepienews.com
www.ncbi.nlm.nih.gov
Stating, not starting.
Probably because our banks are dependent on overseas markets for credit?
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