If Australian housing is rightly priced, why do federal and state governments need first home grants and various incentives from different states?
If first home buyers can't afford housing, doesn't that tell us it's over priced? Why is the need to manipulate the price? Why not let the market decide? .
More like 2 years.
Whoa, nice assumptions there. Our IP costs us far more than we could ever charge in rent, thanks to Land Tax, Body Corporate, Council rates etc.
Expenses for which you may be entitled to an immediate deduction include the costs of advertising for tenants, council rates, water charges, land tax, insurance, agent’s fees, repairs and maintenance and any other immediate expenses you incur while the property is being rented or available for rent.
2 Years based on what theory ?
I say 12 months due to being the height of the recession intrest rates at there lows and property prices bottoming out.
No exact science but just my theory.
It takes while to really kick in, been there .....seen it before.
1. FHB's are by nature predominantly younger people.PS: Who says that just because someone is a FHB that they are "low paid" anyway? That's the whole basis of his opinion in that article.
We have yet to see the real downward pressure kick in yet so will it really be that bad ?
But if the stamp duties were dropped, wouldn't house sellers just increase prices to compensate?No, its because the States continue to charge outrageous fees that were supposed to be dropped when the GST came in. Like stamp duties on mortgages and purchases. So not only do FHB have to afford the cost of the house, for a property of $300,000 with a mortgage of around $270,000 they have to afford another $13,000 - for bureacratic nonsense!
I think so, there's too many downward pressures for it to resist for too much longer.
The banks have decided not to allow the FHBG to be included in the calculations for eligibility for loans so that will make a big difference fairly soon.
The mid range is being propped up by the FHBG which will be reduced in June and that also will have an effect.
The upper end is already badly effected.
OK well what about the lack of housing supply its been tight for years ?
If it does drop by how much will it really be a US style 30% drop?
We need suckers to buy homes and others to be in debt so the banks can charge interest and survive so the myth of doubling every 10 yrs keeps sucking other victims in to the Ponzi scheme any thing else like this would be banned for false advertising and a fraud.
Might be different this time but I cant think why.
The demand might be there but the ability will be seriously impaired.
Dropped 30% in 1990, happened to me, that wasn't the bubble this is either.
Might be different this time but I cant think why.
A few commentators have been saying house prices are going to tumble for some time now yet Im still waiting !!
I see intrest rates so low and think now is the time to get in but on the other hand unemployment still has to kick into the economey.
Ill wait and see I dont think I will need to race in thats for sure.
30% fall that would be nice for buyers but some will be ruined !!
30% fall that would be nice for buyers but some will be ruined !!
The demand might be there but the ability will be seriously impaired.
Dropped 30% in 1990, happened to me, that wasn't the bubble this is either.
Might be different this time but I cant think why.
The late 80s "bubble" makes the current situation pale into insignificance! Between 1986 and 1989 house price more than doubled - 105% increase in median prices in fact in Sydney. The price falls through 1990 were a direct response to that massive and rapid price inflation followed by recessionary factors.
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