Up till recently, it was thought that the increasing property prices were driven by migration. Now we have no migration but significantly increasing prices. It seems obvious that the catalyst is now only the low interest rates in general and in the regional areas a mix of interest rates and demand from people exiting the capital cities.
So the question will remain, what happens to property prices when interest rates start slowly moving up in two to three years or so with low migration?
Yes to the last point.But where are people getting the money from? Increase in prices means more money from these buyers, in the middle of a pandemic where job losses seems like the trend. Are we seeing the effects of government money printing?
And the banks are lending like there is no tomorrow apparently with loose credit checks. Ring any bells?Yes to the last point.
And the banks are lending like there is no tomorrow apparently with loose credit checks. Ring any bells?
oh i believe it , i just haven't loaded up on 'easy credit ' i have also reduced my exposure to the big 4 banks ( and hoping to reduce it even )We all know it just don't want to believe it
i disagree we still have migration , but it is more obvious it is internal migration , more heading for a 'tree-change ' some heading towards the city chasing hopes and dreams .Up till recently, it was thought that the increasing property prices were driven by migration. Now we have no migration but significantly increasing prices. It seems obvious that the catalyst is now only the low interest rates in general and in the regional areas a mix of interest rates and demand from people exiting the capital cities.
So the question will remain, what happens to property prices when interest rates start slowly moving up in two to three years or so with low migration?
but certain people ( politicians and bureaucrats ) aren't leaving the nation it big enough numbers , so the problem isn't being reducedThat is easy, mass immigration what has and always will be the answer to all our problems
Yes, that's migration but as it is internal, it is more like churn.i disagree we still have migration , but it is more obvious it is internal migration , more heading for a 'tree-change ' some heading towards the city chasing hopes and dreams .
Interesting perspective...never thought of it as "outsourced", but does make senseoutsource that reproduction
i always knew i was ' wired different ' it does nothing for my popularity , but sometimes creates an extra profitInteresting perspective...never thought of it as "outsourced", but does make sense
You forget the ideological and religious "win by number" factor:i always knew i was ' wired different ' it does nothing for my popularity , but sometimes creates an extra profit
now IF you look at fundamental biology , the removal of survival pressure also reduces the urge to reproduce ( excessively )
if the powers that be , really wanted to reduce the global population , all that has to happen is to raise the world to middle class , and large numbers of people would reduce the reproduction to 'replacement rates '
but where is the 'god-like status ' when everybody can afford a mid-range BMW and a reliable broadband ( or better ) and a Super fund that will cover your later years healthcare
Well..in my youth former African colonies were Catholic mostly. Now they are muslim... 1 generationthat USED to be the mantra of one particular Christian sect also , until they realized the faithful dying without heirs were more likely to remember the church in the will , and they love money as well as power
a lesser known fact is several African tribes have been Christian for a very long time maybe even before the start of the British Empire
i always knew i was ' wired different ' it does nothing for my popularity , but sometimes creates an extra profit
now IF you look at fundamental biology , the removal of survival pressure also reduces the urge to reproduce ( excessively )
if the powers that be , really wanted to reduce the global population , all that has to happen is to raise the world to middle class , and large numbers of people would reduce the reproduction to 'replacement rates '
but where is the 'god-like status ' when everybody can afford a mid-range BMW and a reliable broadband ( or better ) and a Super fund that will cover your later years healthcare
and people think negative gearing is the root of all our property problems...hahaha. People need to take a good hard look at the elephant in the room that is easy monetary policies and cheap easy money.And the banks are lending like there is no tomorrow apparently with loose credit checks. Ring any bells?
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