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There is some unbelievable bargains there, I ride the push bike down to there and back to Mandurah, via the estuary terrific area. They just have to stop the overseas guests, from fishing out the cut.
There is some unbelievable bargains there, I ride the push bike down to there and back to Mandurah, via the estuary terrific area. They just have to stop the overseas guests, from fishing out the cut.Not yet need to buy in the deep south........Falcon to Dawesville cut area
I ride the push bike down to there and back to Mandurah, via the estuary terrific area.
I do that side in summer,I ride the coastal side as well (water boy for the daughter marathon training) views are very good through the rolling hills around Seascapes, coffee at the Falcon bay cafe or at the other end Halls head Dome......what more could a man ask for
I wonder if all the publicity, has caused a stampede for the exits?It seems that cracks maybe starting to appear in Melbourne too:
https://www.theage.com.au/national/...wer-complain-of-cracking-20190726-p52azy.html
Right next to the Yarra river at zero elevation and 101 stories with a single core. It's gonna move.It seems that cracks maybe starting to appear in Melbourne too:
https://www.theage.com.au/national/...wer-complain-of-cracking-20190726-p52azy.html
It seems that cracks maybe starting to appear in Melbourne too:
https://www.theage.com.au/national/...wer-complain-of-cracking-20190726-p52azy.html
This is the problem Australia has, the whole economy is geared around housing and owning one.Just a point:
Yesterday watched a house hunter show on Life tv
Young family looking for a house near New York
45min commuting to Manhattan,
Small acreage with typical 4 bedrooms 3 bathrooms , living room the size of a hall and walk in pantry the size of a Melbourne studio
750k usd
So 1.2m Aud
Should i say more
We are talking posh up market estates with deers in the yard and 30m tall established trees,pool, deck etc
Australian prices have a lot to go down....
So putting on sell next week
Anyone interested in a huge acreage in Brisbane north, less than 1h door to door from either airport or cbd and amazing views.
Pm me before i sign the re contract
As SP points out we are seeing a confluence of issues around property that should make investors think very carefully about their savings
1) Widespread serious problems around the integrity of many new builds. These threaten to undermine the value of whole apartment blocks .
2) Hundreds of apartments built with inflammable cladding . This is now certain. What is not known is how much rectification will cost and ho this will impact on individual owners and body corporates
3) Collapse of demand for apartments. As factors 1 and 2 kick in potential buyers are looking at settling on properties worth substantially less than they signed up for. Walking away now seems likely. So the developers are going down.
There will be knock on effects. I 'm wondering how the insurance industry is going to survive the litigation that will follow issues 1 and 2. At the very least we can expect big jumps in the cost of insurance across the board as companies attempt to balance the books.
I see the banks as having some serious problems. When do they reassess the value of the collateral against loans to suspect apartments? How big is this issue ? When should investors be told ?
What about property trusts ? What is their exposure in this situation ? They are usually the first investments to fail in these situations.
What is the status of lenders who are financing the high rise developments ? I wouldn't want to have funds in these bodies at the moment.
Cash looks good...
Agree with you, baby boomers have to some degree been through their big spending years, ie they are on big earnings, little debt so can spend and invest big money.Banks et al have tried to suck this out of the baby boomers and everyone else to the point where the sub-prime crisis has fallen upon us. Superann in turn has copped a flogging and the retiring baby boomers now are interested in scraping together enough to retire on. Licking their wounds, they probably wont be chasing the investment with such enthusiasm for a while (living in fear, greed will come again no doubt but will the cash be there to spend?). Boom and Bust the cycle continues, growth will return, not at the rates we have just seen, for a while anyway. For the youngsters these are good buying years.
Living in cars, on side streets and parklands??? Cars and vans are the new homes??Apparently we have a big influx of migrants (as we always have had), so where are they living, and why are all these apartments unwanted ?
It's pretty difficult to understand why housing goes empty and property prices are falling while our transport infrastructure is cracking at the seams with the weight of population growth.
Has anyone got any ideas about this, because I sure don't.
Apparently we have a big influx of migrants (as we always have had), so where are they living, and why are all these apartments unwanted ?
It's pretty difficult to understand why housing goes empty and property prices are falling while our transport infrastructure is cracking at the seams with the weight of population growth.
Has anyone got any ideas about this, because I sure don't.
This is the problem Australia has, the whole economy is geared around housing and owning one.
The underpinning thing to it is wages, wages keep chasing the cost of housing and vice versa, it has become a vicious cycle driven by an obsession. We have become disengaged from the reality of Countries like the U.S and U.K, our lifestyle is envied by those who come from overseas, how long it can be maintained is the question?
I guess as long as we can keep digging $hit up and selling it, while maintaining a relatively small population, in reality we sell the same stuff as Brazil but they support 220million we only support 25million, big difference.
Just my opinion.
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