The future of Australian property prices
- Thread starter Joe Blow
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Decimate the worlds western economies and then buy, buy. buy.
The fact the our dumb arse elected officials are still allowing any foreigner to purchase any residential properties is beyond me.
The fact the our dumb arse elected officials are still allowing any foreigner to purchase any residential properties is beyond me.
Oohhh nice... I must be very Sydney- and Melbo-centric25km from Brisbane CBD,
less than 1h door to door to your office in Creek Street or BNE airport
Not exactly woop woop and you can get that for less than 1million
Posh suburbs, good schools...but NOT in Sydney Melbourne..thanks God..
Well 15-20km from Sydney there are actually rows and rows of high-rise blocks of concrete godzillas with their cubicles (apartments) encroaching over and encircling main centres, like shopping centres, train stations, etc....
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Plenty of other smart governments around
e.g
Foreigners cannot buy land in Thailand, only condominium units and apartments. Foreigners cannot make up more than 40% of the condominium´s unit-owners. However, a foreigner can buy a whole building, minus the land on which it is built.
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I agree with you, but both major parties, want the Australian population to grow, which in reality does have to happen.
Unfortunately people here enjoy the affluent lifestyle, so don't have many, if any kids.
Therefore we are buying a population increase, by allowing overseas people to immigrate here and buy property.
There has been baby bonuses and other incentives, to try and increase our population internally, but that is seen as middle class welfare and is very unpopular.
So I guess an increase in house prices is the outcome, as we continue to build our population, pretty unavoidable really.
It is a bit of a self fulfilling prophecy really, don't like seeing middle class people getting something, so get increased house prices instead.
But that is Australia all over, cut off the nose to spite the face.
Just my opinion.
It’s only on new builds is that correct?
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or on established builds through relatives here
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Or buy the new build, get the permanent residency, then upgrade.
Or keep the original one as a rental for the aussies.lol
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yeah plenty of ways around it, im sure the re agents have panthlets full of it.
however through buying a population increase we are not increasing the work force because all they will do is horde property and rent to Aussies for life
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Aussies love it.
As long as they are kicking their fellow aussies, who are trying to get ahead in the groin, all is good, the tall poppy syndrome. Lol
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One chance I can see is that those who have the option to own their PPOR but have chosen not to do so will likely be rethinking that now.
Consider:
Person A - owns their home and indeed everything else they have outright. Applying the same conservative logic, they've been happy to have a reasonably safe salary job with a large company.
Person B - has the money to own outright but worked out that they'd be better off putting all that into shares and renting a house, leasing a car and so on. Applying the same approach, they knocked back the salary job and became a contractor because it pays better.
I think we all know which one will have been sleeping soundly over the past month and which one is getting seriously worried.
Consider:
Person A - owns their home and indeed everything else they have outright. Applying the same conservative logic, they've been happy to have a reasonably safe salary job with a large company.
Person B - has the money to own outright but worked out that they'd be better off putting all that into shares and renting a house, leasing a car and so on. Applying the same approach, they knocked back the salary job and became a contractor because it pays better.
I think we all know which one will have been sleeping soundly over the past month and which one is getting seriously worried.
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One chance I can see is that those who have the option to own their PPOR but have chosen not to do so will likely be rethinking that now.
Consider:
Person A - owns their home and indeed everything else they have outright. Applying the same conservative logic, they've been happy to have a reasonably safe salary job with a large company.
Person B - has the money to own outright but worked out that they'd be better off putting all that into shares and renting a house, leasing a car and so on. Applying the same approach, they knocked back the salary job and became a contractor because it pays better.
I think we all know which one will have been sleeping soundly over the past month and which one is getting seriously worried.
FWIW, I'm person B. No car though.
Sleep like a baby, although I am looking for a permanent role now, plenty of opportunities in my field.
The main reason all the Person A's are sleeping good is because the Government bails them out every time.
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One chance I can see is that those who have the option to own their PPOR but have chosen not to do so will likely be rethinking that now.
Consider:
Person A - owns their home and indeed everything else they have outright. Applying the same conservative logic, they've been happy to have a reasonably safe salary job with a large company.
Person B - has the money to own outright but worked out that they'd be better off putting all that into shares and renting a house, leasing a car and so on. Applying the same approach, they knocked back the salary job and became a contractor because it pays better.
I think we all know which one will have been sleeping soundly over the past month and which one is getting seriously worried.
You forgot option C
PPOR purchased with 5-10% deposit, .5~1M loan and shitting bricks will have to sell at a loss to some os bargain hunter which will never let it go,
id say a fair percentage of those around
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Also option D
27 year old, article in the main newspaper property section, look at me I'm 27 years old and own 20 properties, all geared. It's easy.
They are renting to option E
Laid off worker, now on center link with extra payment and the landlord at option D can't evict them.
Suck the bones out of that, baby.
I’ve been sleeping good nothing to do with bail outs.....it’s called beer
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Also option D
27 year old, article in the main newspaper property section, look at me I'm 27 years old and own 20 properties, all geared. It's easy.
A and B will be all right, but C and D are in trouble
Also option D
27 year old, article in the main newspaper property section, look at me I'm 27 years old and own 20 properties, all geared. It's easy.
I met a few of them during the construction boomAlso option D
27 year old, article in the main newspaper property section, look at me I'm 27 years old and own 20 properties, all geared. It's easy.
Funny thing was if you ever challenged their logic they would move on to someone else until they found someone doing the same thing
Thing is so will B if they have bank shares
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yeah B is a bit of 50/50 territory depending what you are holding, im more skewed towards B that holds mostly cash and/or safe(er) investments. B is the middle ground where you might get through this and actually do all right or go down with the ship
