How can we still pretend we have hardly any inflation when people with 0 productivity, can make that much in what is the "de facto" capital of Australia, so a huge number of owners got that extra wealthy.I wonder if the covid driven migration to the bush can be sustained?
From the article:Work, rest and play in regions: Mars calls for sweeteners to help young people go bush
COVID-19 and big-city costs of living are making the regions more attractive to young people. Now the maker of Mars and Snickers says we need to invest more in skills and bush infrastructure.www.theage.com.au
The overall number of people working in manufacturing has barely changed over the past two years, but in food manufacturing it has climbed 6 per cent to more than 222,000. Many of those jobs are in regional areas.
Mars, which has production sites in towns such as Wodonga and Ballarat in regional Victoria, has conducted survey work to find out if people – particularly STEM-trained young Australians – are prepared to move to the regions.
Its survey of 1000 people studying or working in manufacturing, trade or STEM (science, technology, engineering and maths) careers found up to 79 per cent of Millennials were open to the idea of moving bush.
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The main reasons for moving were the cost of living (cited by 49 per cent), housing prices (48 per cent) and a change in lifestyle pace (45 per cent).
People living in NSW (56 per cent) and Victoria (53 per cent) were more open to a tree change than people in other parts of the country.
COVID-19 was mentioned by 69 per cent of Victorian survey members and by 63 per cent of those from NSW as a reason to consider moving.
The federal government’s peak infrastructure agency, Infrastructure Australia, last week released a major report in which it noted the largest exodus of people to regional areas from major cities since the 19th century required a rethink of how infrastructure is put in place.
That exodus has been partly driven by high house prices.
The median house value in Sydney has climbed by $307,000 over the past year, or $843 a day. Melbourne’s median house value has jumped by $173,000 over the same period, while in Hobart it has increased by $169,000.
In some areas, such as regional NSW and regional Tasmania, prices have increased more in percentage terms than capitals. But they are still far cheaper.
And in all regions, the proportion of monthly income used to pay the mortgage is substantially lower than in a capital city.
You will own nothing but be happyCities plan to use new law to block investors from housing market - DutchNews.nl
Most local councils will be banning private investors from buying up cheap and mid-priced homes in certain areas of their cities when a new rule comes into effect next year, a NOS survey among ten local councils shows. A third of all houses sold in the four big cities last year ended up in the...www.dutchnews.nl
Netherlands going to start banning property investment
Well we lost coal 4 China but thanksfully price ultra high due to woke green push so we can try to extend that..risky..All right blokes, so what is the next predicted rabbit out of the hat to keep pumping RE with IO getting pissed on by china?
Genuine question...is IO Interest Only and if so what's China got to do with that?IO getting pissed on by china?
IO for iron ore..Genuine question...is IO Interest Only and if so what's China got to do with that?
IO for iron ore..
Last week saw a drastic fall of OO price and so billions of export dollars for australia went in smoke on a matter of hours..days..and this followed up a similar exercise with coal a few months earlier.
How can RE survive in a bankrupt economy is the question.
Hope it helps
OO?IO for iron ore..
Last week saw a drastic fall of OO price
iO ..a typo..OO?
Owner Occupied?
directly related to Evergrande , unknown ( to me )The point of interest is: do we actually have Evergrande or linked chinese real estate projects here in Australia.
3y ago, i chatted with an investor in Shenzhen and his construction group was being 1 sizeable residential development project in Melbourne areaare we going to see A Current affair special on: i still do not have a home, i paid 300k, and interest weekly, there is just this slab and the contractors are not paid either
A rise in interest rates should see buyers enthusiasm tempered, but no way the reserve will do that in the current environmentWhen will the current property market take a breather? I thought things were bad back in 2019, but the market has been red hot for the entirety of this year and I'm trying to figure out what could cause a pause and a pullback.
Still plenty of cash being stashed.
From the article:Aussie household savings balloon to $230b
The June quarter national accounts showed that Australian households were flush with savings, accumulating a whopping $162.5 billion of household income in the year to June 2021 – double the previous peak of $80.5 billion saved by households in 2015: Commonwealth Bank estimates that household...www.macrobusiness.com.au
The June quarter national accounts showed that Australian households were flush with savings, accumulating a whopping $162.5 billion of household income in the year to June 2021 – double the previous peak of $80.5 billion saved by households in 2015:
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Commonwealth Bank estimates that household savings will swell to $230 billion by the end of the year, which should prop-up consumer spending and bolster the economy once it emerges from lockdowns:
You mean:Be interesting to see if there is a geographic relationship. Melbourne and Sydney alot of people would be burning through savings, but then there is all those public servants working form home ?
that is correct, too late to edit nowYou mean:
Xxxx "working from home"..?
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