No I don't believe so. I suspect you will find that the company that builds these complexes sells individual flats to investors and thenoffers to manage them.Last few posts have been off topic (really off) but thanks for the info. I have learned something. I recall an earlier post, a student accommodation plan layout that intrigued and appalled me, as it was exceptionally tight but still accommodated a double bed. (post 14202 page 711 by @basilio ) I thought to myself well that might be handy if you 'get lucky'. Maybe the layout it is much more sinister in its overall plan. It would interesting to see if these were collectively owned and run by criminals.
I could say a lot more but I’m conscious of it being well off topic and a subject that some may see as inappropriate or detracting from the forum.Last few posts have been off topic (really off) but thanks for the info. I have learned something.
I hope you are correct, as that will mean better opportunities in both education and housing for the younger Australian generation.I think the really relevant aspect of OS students and Australian Universities is their financial contribution to housing demand and economic demand in the big cities. The loss of hundreds of thousands of these students will punch a hole in Uni budgets and staffing and undermine economic activity in the cities and regional cities that host these students.
Just for a start the huge purpose built O/S student housing flats will stay empty for at least another 6 months.
It may well take longer. The cash economy infrastructure that kept a lot of these students employed has been decimated. Rents should be coming down. I'm really surprised the market has held up so well.Just for a start the huge purpose built O/S student housing flats will stay empty for at least another 6 momonths.
Hey Now that explains why so many shoddy home constructions in boom times.. keep tradies busy in maintenance and repair for years to come. That is brilliant - repeat business.Keeps a few tradies employed but there's not much else in the way of real economic input.
It's the old time, cost, quality - pick any two.Hey Now that explains why so many shoddy home constructions in boom times.. keep tradies busy in maintenance and repair for years to come.
Good. Property prices have needed to come down for a long time.According to Digital Finance Analytics,tens of thousands of property owners are facing negative equity.In Sydney over 5,000 apartments(and 48 houses) were valued at less than the current loan amount.Mostly due to over supply,low demand,nil migration and defects, in the high rise sector.For Melbourne,9,000 apartments(and 108 houses) were affected.Perth was not spared either.1in 10 households in Mandurah are underwater on their mortgage to valuation.
The point is, they aren't coming down, well not just yet anyway. In Sydney and further up through the Central Coast, Newcastle and the Hunter prices are still climbing. A lot of properties being sold before they even hit the market, I am watching it each week. Sydneysiders are cashing in and moving north and therefore fuelling prices in regional areas as well. It isn't coming down until it really is coming down.Good. Property prices have needed to come down for a long time.
still ongoing crazy price rises here in Sunshine Coast/ NoosaThe point is, they aren't coming down, well not just yet anyway. In Sydney and further up through the Central Coast, Newcastle and the Hunter prices are still climbing. A lot of properties being sold before they even hit the market, I am watching it each week. Sydneysiders are cashing in and moving north and therefore fuelling prices in regional areas as well. It isn't coming down until it really is coming down.
Domain House Price Report: December Quarter 2020
Capital city: Average house price: Year-on-year growth:
Sydney $1,211,488 + 6.7 per cent
Melbourne $936,073 + 3.9 per cent
Brisbane $616,387 + 5.6 per cent
Adelaide $574,264 + 6.1 per cent
Perth/ Mandurah the same, it is interesting that this run appears to be Australia wide, as opposed to the Sydney/ Melbourne bubble.still ongoing crazy price rises here in Sunshine Coast/ Noosa
Here, just people from Sydney Melbourne Brisbane, WFH and retired moving north.Perth/ Mandurah the same, it is interesting that this run appears to be Australia wide, as opposed to the Sydney/ Melbourne bubble.
It might be because of the extra savings slushing around, added to the State and Federal incentives, but also there may be overseas money buying sight unseen after the way the virus was handled here?
There is a huge amount of new builds going up, so I'm expecting another oversupply problem in the West again, in three to four years.
Just my thoughts.
I agree,House prices aren't factored into the inflation calculation - it's precisely why they've been able to inflate so much over the past couple of decades.
The even crueller twist is that the more expensive housing gets, the less money is left over to inflate the price of everything else, and thus the more the central bank will actually DROP interest rates, and thus make house prices even higher.
It's in this way that you can understand that increasing house prices are actually in a feedback loop with lowering interest rates.
I keep saying to all the econ students/kids whenever I talk to them, we've actually seen massive, revolution-causing inflation over the past 20 years, it's just all been concentrated in house prices and not the cpi.
The better question to ask is whether any of this is an accident, and what the politicians are going to do when the piper has to be paid. Those are much more concerning.
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