PPOR is different; I consider a house a home and then feelings, personal conform etc matter most
And if I really find a place i like why would I ever think of selling....so who cares about capital gain
but I am not 20 anymore and have set my priorities past $ so..
All the best in your searches
Because it is unsustainable. The debt just keeps rising, bring forward future demand and productivity.
How the govnuts try thinking outside the square and we become a nation of innovators, embracing new business and technologies which can in future pay for the housing.
If housing is the only sector that is providing, how do people pay for the houses if they don't have jobs.
It is just to easy for the govnuts to float the boat with housing while the rest of the economy sinks.
What is their plan B?
if only we could lolIMO at the moment, there isn't a plan B.
We aren't competitive, we have a small market place and as a country we spend heaps more than we make.
You tell me what you would invest in? that is going to make money.
Other than fast food and welfare.lol
if only we could lol
fast food yes
health stocks (old, sick on junk food, but last thing people stop paying, well usually "taxpayers" stop paying)
any security/crime related stock (prison, home alarm)
lawyers
debt recovery agency (I am heavily exposed CLH)
gambling
and basic food but aldi may be better bet..oops can not be done on the asx
crossing finger for my settlement in a fortnight to be done and over, no more residential IP for me
Sydboy, nothing to see or hear in that interview. It is all sunshine and lollipops, as a great man once said.
Was out on the weekend, attended an auction in Elwood, Victoria. 2 bedroom apartment, 103m2, sold for just under $800K, sounds fair, what could go wrong. Well that seems to be the consensus in the crowd. Same apartment would rent for
approx $530 pw, or approx 3.4% gross returns. Not bad given what you will get with a term deposit in the banks. Property is still showing better yields than other investments and bricks and mortar are safe. lol
I personally think property market will go 10-15% in Melbourne and Sydney before we see a correction of any sorts.
This bear prefers to smell the roses while they are in bloom.
You guys are nuts.
Economic down turn = no immigrants = massive vacancies in Melbourne and Sydney. Means plummeting rents and plummeting prices.
Migrants the only group pushing the demand pedal? I probably don't agree with that but I could be wrong and it certainly wouldn't be the first time...or last.
Migrants the only group pushing the demand pedal? I probably don't agree with that but I could be wrong and it certainly wouldn't be the first time...or last.
It's the old "markets are made at the margin" situation.
So Smurf, what's going on down in Hobart? - see the SQM research report below.
http://www.sqmresearch.com.au
Looks like pretty good rent increases down there over the last 12 months.
View attachment 61976
Sigh* that is such a ridiculous argument I can't be bothered answering. If anyone else has the energy to deal with this for me, feel free.
So Smurf, what's going on down in Hobart?
It's not an argument about anything. Just an observation that Hobart appears to be different to the trend elswhere (especially Units) - that is if the data is correct.
If all you can do is belittle don't bother posting anything at all.
You're just trying to derail the discussion with nonsense. Tasmania is not even connected to the mainland.
So far as housing is concerned, I expect that the substantial difference in pricing between Sydney versus Hobart would be luring at least a few people to move down here. Work a few years in a well paid job in Sydney, at which point you've got either a deposit for a house 2 hours commute from the Sydney CBD or you could buy outright, or at least with a relatively small mortgage, in Hobart 15 minutes from the CBD. Some will find that idea attractive despite the lifestyle and climate differences. The hard part, of course, is finding a job down here.
It's part of Australia
I was actually considering doing this within the next 2 years …….
You're just trying to derail the discussion with nonsense. Tasmania is not even connected to the mainland.
No worries.
For the record, I'm not suggesting that anyone should, or shouldn't move to Tas or any other particular state. I am just observing that there is a significant difference in the price of comparable housing between (say) Sydney versus Hobart or Adelaide and that this would logically lead to at least some people considering a move for financial or other reasons. That is particularly so in the case of those who wish to purchase property but who cannot afford to buy in the major cities but who have sufficient cash to make a large deposit, or even buy outright, in Tas, SA or a regional town / city in the other states.
Same concept with anything. Someone who cannot afford to by a new Mercedes would logically consider buying a used Commodore or Camry as a sensible alternative since that will still lead to them owning a reasonable car, albeit not a "prestige" one, with which to get from A to B.
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