The future of Australian property prices

[Humid]

Well I was a dual trade, well before it became fashionable. ?

Its a cert 4 now,its like a hilux.....everyone has one

 

[Humid]

One thing is it was hard to get banks to give you money in the 80s
These days easy money with little job security would trouble me at 900k for 30 years!

 

[sptrawler]

Its a cert 4 now,its like a hilux.....everyone has one

Yes instrumentation has been made obsolete by technology, when I started my apprenticeship, it was all 3-15 psi huff and puff link and lever controllers.
Now it is plug and play 4 - 20ma, times certainly have changed, I did both apprenticeships in the 70's because there was no tafe course for instruments. After the apprenticeship I stuck to electrical, bit off topic, ah memories.

 

[sptrawler]

One thing is it was hard to get banks to give you money in the 80s
These days easy money with little job security would trouble me at 900k for 30 years!

That is the thing, even if you are on good money a huge loan is a massive risk. Let alone the family stress involved.
I always took small steps, loans are one of those things that are easy to get and bloody hard to pay off, time is the enemy.
You can only go hard for so long and it is easier to do it when you are young, the older you get the harder everything gets, well most things. ?

 

[Humid]

With work places full of casuals and labour hire

 

[Mrmagoo]

It certainly is pointless, if you are expecting someone to tell you how to buy a house in Sydney/Melbourne, I'd have one if I knew where to find a lazy $1m.
It is simple market forces:
* House prices in Sydney are high, because people are prepared to pay the money, because they want to live there.
* Wages are lower in Sydney, because there is a lot of people with the same skill set, competing for the same job.
* Wages are higher in the bush, because the companies have to pay big money, to get workers to go there.
* Houses are cheaper in the bush, because people don't want to live there.

It isn't rocket science, if you want to buy in Sydney, get some money together, how you do that is determined by your skills and what someone is prepared to pay for them.
Life's all about choices and compromises.
Way too many today with champagne tastes, on beer money.

All of this is because the government intervened and made it this way.

What a pointless discussion.. now your answer is "have more money". :/

 

[sptrawler]

With work places full of casuals and labour hire

That is true Humid, but you know same as I, that prices in Perth had gone nowhere for the last 10 years, until the boom this year.
In outer suburbs, a 3x1 could be bought for around $250k Maddington, Langford etc, most couples are on $120+ combined.
I can only go of people I know, a couple of mates who work on waste management in the council as laborers and their wives work as cleaners in same council, are on $160 combined income.
So where they get this 7 times from is debatable IMO, Sydney?Melbourne maybe, and now post pandemic, low interest rates, scary stock market is probably driving the other capitals up.
I know in Perth a lot of demand is being driven by fifo's relocating here, due to border issues, even the mining towns are starting to pick up again.

 

[over9k]

Boomers are not some homogeneous demographic who all lived some charmed life and all got rich. This is some Millennial fantasy invented to fuel Boomer resentment. The Boomers who did well bought and held assets over decades. Some ended up dead broke. Some ended up somewhere in the middle. You don't hear about the ones living in caravan parks or boarding houses, but they're there. Plenty of them too.

There are always opportunities for those who want to get ahead financially. You just have to be a bit smarter today.

No, but on AVERAGE, things were easier/better.

 

[over9k]

Electricians wages aren't the same as someone who owns an electrical business, here is the award rate that the guy who works for wages gets.

To get decent wages a sparkie, plumber or any mechanical trade has to do fifo or live in an outback mining town, that is a fact.

For most workers, somewhere along the trip of life they have to do it hard to get ahead, if it was easy everyone would be rich.

You obviously think all electricians and plumbers have a successful business, like I said a reality check, is what is needed.


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I don't know a single tradie from my generation that isn't absolutely rolling in it, not least of all because they bought a house (or two) a good half decade or more before the rest of us. A couple of my mates have just flatly said there's no way they could buy their house again if they had to buy it now, not a hope.

One mate is an IT tech with two houses, wife, kid, kid #2 on the way and looking at buying a third place so he'll have one IP to gift to each of his kids when they turn 25 or whatever. He actually hits me up for financial planning/advice, stock tips etc all the time.


Like I keep saying, you are completely out of touch with the reality of my generation - tradies are rolling in it, uni grads are struggling. The complete OPPOSITE of everything we were told back in our teens etc when these decisions needed to be made.

That's how things are now.

 

[sptrawler]

All of this is because the government intervened and made it this way.

What a pointless discussion.. now your answer is "have more money". :/

If it was just because of government intevention, everywhere would be the same, but they aren't because the demand isn't the same.
The demand in Parkes, isn't the same as the demand in Sydney, Why, because less people want to live there and there is less jobs therefore less demand.
You could have the same, if not better lifestyle moving to say somewhere like Parkes, borrowing very little and working in Bunnings. As you would borrowing $800k to buy in Sydney and work like a hamster in a wheel for the rest of your life.
Like I said, life is about choices and compromises, change what you can, accept what you can't, but sitting in the corner holding your breath and going blue changes nothing.

I'm struggling to understand what you are wanting to hear from people, yes it is difficult to buy a house in Sydney, yes it wasn't as difficult 50 years ago.
That changes nothing it is what it is, is it sad yes, but a day of mourning wont change it.
Hopefully a government will, without doing damage to the rest of the country in the process.

 

[over9k]

If it was just because of government intevention, everywhere would be the same, but they aren't because the demand isn't the same.
The demand in Parkes, isn't the same as the demand in Sydney, Why, because less people want to live there and there is less jobs therefore less demand.
You could have the same, if not better lifestyle moving to say somewhere like Parkes, borrowing very little and working in Bunnings. As you would borrowing $800k to buy in Sydney and work like a hamster in a wheel for the rest of your life.
Like I said, life is about choices and compromises, change what you can, accept what you can't, but sitting in the corner holding your breath and going blue changes nothing.

I'm struggling to understand what you are wanting to hear from people, yes it is difficult to buy a house in Sydney, yes it wasn't as difficult 50 years ago.
That changes nothing it is what it is, is it sad yes, but a day of mourning wont change it.
Hopefully a government will, without doing damage to the rest of the country in the process.

Not when your generation continue to vote for them not to they won't.

 

[sptrawler]

I don't know a single tradie from my generation that isn't absolutely rolling in it, not least of all because they bought a house (or two) a good half decade or more before the rest of us. A couple of my mates have just flatly said there's no way they could buy their house again if they had to buy it now, not a hope.

One mate is an IT tech with two houses, wife, kid, kid #2 on the way and looking at buying a third place so he'll have one IP to gift to each of his kids when they turn 25 or whatever. He actually hits me up for financial planning/advice, stock tips etc all the time.


Like I keep saying, you are completely out of touch with the reality of my generation - tradies are rolling in it, uni grads are struggling. The complete OPPOSITE of everything we were told back in our teens etc when these decisions needed to be made.

That's how things are now.

Well then you are in the wrong profession, simple really, a fifo haulpac driver one of the barmaids at the local pub went fifo to Mt Keith, she is on $120k. In the pub she was on $50k going nowhere, now she is buying her own place.
What the hell are you after? A shoulder to cry on, go start a go fund me page.
Sorry but i just can't see what this is about, ridiculous prices in Sydney? and?

 

[sptrawler]

Not when your generation continue to vote for them not to they won't.

Well wait for this election, Morrison is on the nose and hopefully we get a change of government.
When that doesn't change anything, who do you blame next? what's your plan B?
Let's be honest what this is about is you want to get on the ponzi scheme? You had every chance last year, you could have bought crypto and or afterpay at $8 and made a motza.
Obviously you didn't risk it, so now comes the bitterness?

 

[over9k]

Well then you are in the wrong profession, simple really, a fifo haulpac driver one of the barmaids at the local pub went fifo to Mt Keith, she is on $120k. In the pub she was on $50k going nowhere, now she is buying her own place.
What the hell are you after? A shoulder to cry on, go start a go fund me page.
Sorry but i just can't see what this is about, ridiculous prices in Sydney? and?

Well wait for this election, Morrison is on the nose and hopefully we get a change of government.
When that doesn't change anything, who do you blame next? what's your plan B?
Let's be honest what this is about is you want to get on the ponzi scheme, you had every chance last year, you could have bought crypto and or afterpay at $8 and made a motza.
Obviously you didn't risk it, so now comes the bitterness?

And the mask slips.

 

[sptrawler]

And the mask slips.

What are you talking about? Get a grip.
What are you going to say to the next generation, when they say to you, it was easier for you than us? Because if the population is going to 50 million which has been said, it will be twice as bad for the next generation.
Best you take a panadol and have a sit down, if you are expecting someone with a magic wand to fix things for you, the reality is as the population grows the demand for the prime property will grow.

Kevin Rudd says Australia should increase its population to 50 MILLION

Speaking at Parliament House for the release of Peter Hartcher's Quarterly Essay on Australia and China on Tuesday, Mr Rudd claimed Australia cannot rely on its allies in the long-term.

www.dailymail.co.uk

from the article:
Former prime minister Kevin Rudd wants Australia to double its population to 50 million to defend itself against threats from China.

Speaking at Parliament House on Tuesday for the release of journalist Peter Hartcher's Quarterly Essay on Australia and China, Mr Rudd suggested Australia could not rely on the United States in the long-term.

'Australia must also look to mid-century when we may increasingly have to stand to our own two feet, with or without the support of a major external ally,' he said.
Mr Rudd said President Donald Trump's 'America-first' rhetoric wasn't just a political phase - referencing Australia's long-standing defence relationship with the US.
The former Labor leader said the nation must plan for a 'big and sustainable Australia', adding it was what he advocated while in office.
Mr Rudd explained it meant comprehensive action on climate change and environmental sustainability, while also doubling the population.
'Only a country with a population of 50 million later this century would begin to have the capacity to fund the military, security and intelligence assets necessary to defend our territorial integrity and political sovereignty long term,' he said.

 

[over9k]

What are you talking about? Get a grip.
What are you going to say to the next generation, when they say to you, it was easier for you than us?

What am I talking about? I'm talking about your total callous disregard for any and every thing other than yourself up to and including your own children and grandchildren, that's what.


And if my kids said this stuff to me, I'd say "prove it with data", like my generation has with you.

This isn't a matter of opinion, you're just wrong, and you know it - hence the snark, the "cry me a river" type comments and everything else. You've lost the argument and you know you have, so now it's just thinly veiled "I don't give a ****" in every post.


The one thing that gives me solace is knowing that this chicken is going to come home to roost eventually because there will come a time when your generation has to be stuck in nursing homes and the like and I can assure you, that when the time comes, you are going to absolutely rot.

 

[againsthegrain]

l

What am I talking about? I'm talking about your total callous disregard for any and every thing other than yourself up to and including your own children and grandchildren, that's what.


And if my kids said this stuff to me, I'd say "prove it with data", like my generation has with you.

This isn't a matter of opinion, you're just wrong, and you know it - hence the snark, the "cry me a river" type comments and everything else. You've lost the argument and you know you have, so now it's just thinly veiled "I don't give a ****" in every post.


The one thing that gives me solace is knowing that this chicken is going to come home to roost eventually because there will come a time when your generation has to be stuck in nursing homes and the like and I can assure you, that when the time comes, you are going to absolutely rot.

Ha I actually thought about this a few times in the past, skilled immigrants will take good care of them ?

 

[over9k]

l

Ha I actually thought about this a few times in the past, skilled immigrants will take good care of them ?

When the boomers start complaining to me about the horrors they are being subjected to in the nursing homes we stick them in, I am going to give them the exact same response they gave me when I was complaining to them about putting a roof over the head of my children:

If you want a shoulder to cry on, start a go-fund-me page.

 

[sptrawler]

What am I talking about? I'm talking about your total callous disregard for any and every thing other than yourself up to and including your own children and grandchildren, that's what.


And if my kids said this stuff to me, I'd say "prove it with data", like my generation has with you.

This isn't a matter of opinion, you're just wrong, and you know it - hence the snark, the "cry me a river" type comments and everything else. You've lost the argument and you know you have, so now it's just thinly veiled "I don't give a ****" in every post.


The one thing that gives me solace is knowing that this chicken is going to come home to roost eventually because there will come a time when your generation has to be stuck in nursing homes and the like and I can assure you, that when the time comes, you are going to absolutely rot.

I don't have a callous disregard and I do worry for my kids and grandkids, I'm just at a loss to what you guys want to hear.

That it is going to get better, I have been saying for years that we are heading to a third world economy.
You have to come to grips with the fact, that there needs to be a minor miracle happen to stop the trajectory we are on and both parties got us there.

 

[sptrawler]

When the boomers start complaining to me about the horrors they are being subjected to in the nursing homes we stick them in, I am going to give them the exact same response they gave me when I was complaining to them about putting a roof over the head of my children:

If you want a shoulder to cry on, start a go-fund-me page.

And you have the audacity to talk about callousness OMG. ? ? ?

You can put a roof over your kids heads, it just isn't up to the standard and location, you believe you are entitled to.
Let's be honest.