The future of Australian property prices

[qldfrog]

that is correct, too late to edit now

The emphasis was on the ", not the actual typo i noticed later...

 

[againsthegrain]

The emphasis was on the ", not the actual typo i noticed later...

I see now, at first glace I assumed xxxx is just a brief of what was said before, but its a 4-5 letter word now that I look closer.. ? totally there with you. Didn't want to chuck extra emotion behind my original post so didn't mention names, did cross my mind lol ... but we all in it together... "working"

 

[MovingAverage]

Still plenty of cash being stashed.

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

From the article:
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:

I bet old mate Gerry Harvey would love this

 

[sptrawler]

Looks like lending is going to tighten up.

MSN

www.msn.com

 

[MovingAverage]

Looks like lending is going to tighten up.

MSN

www.msn.com

Completely de-bunks the myth that negative gearing is the root of all evil...it's only taken us how long to get to this point

 

[wayneL]

Foooookin hell. I was just about to splurge on10 acres, established property, nice house within 30 minutes of Perth CBD.

Price was a little over the odds in my opinion but now I'm getting cold feet... We are cash buyers with at least 6 months up our sleeve so.... Hmmm

 

[moXJO]

No timber to build still. Delivery is up about 40%. Houses selling before it even is advertised. No rentals in good areas. People are paying above listed rental price or 6 months down.

 

[gartley]

IR in early stages of new bull. Looks like banks maybe forced to act soon before RBA.

 

[moXJO]

I heard banks tightened lending a few weeks back

 

[Smurf1976]

it's only taken us how long to get to this point

Well it's 34 years since negative gearing was re-introduced in 1987, having been abolished in 1985.

 

[over9k]

Negative gearing is an utter irrelevance. Classic misdirect.

 

[againsthegrain]

A recent survey by Finder.com.au found a majority of polled economists expected the big four banks to lift their standard lending rates out of cycle with the Reserve Bank within the next 12 months.

 

[Dona Ferentes]

I posted this in the Ingenia (INA) thread, but worthy of here. A mill for a box on a site in a caravan park

The other thing that’s happening is a residential property boom which means the grey nomads are cashed up. They’ve been selling at record prices and consequently, they’ve been paying record prices for manufactured housing estate homes. In Port Stephens, a manufactured housing estate home was sold for a million dollars.

 

[qldfrog]

I posted this in the Ingenia (INA) thread, but worthy of here. A mill for a box on a site in a caravan park

Real question is: what is the real value of an AUD in 2021?

 

[againsthegrain]

Real question is: what is the real value of an AUD in 2021?

What will be worth less twice as much in 22 then it was worth in 20 but once less then 21

 

[qldfrog]

What will be worth less twice as much in 22 then it was worth in 20 but once less then 21

Sunshine coast auction this weekend
Property purchased 1.5m in october 21.sold in auction 3.1 today.
Double..and have to say that we are lucky being in the same boat valuation wise for our ppor..
This is really crazy here in noosa shire.
We jump from Qld price to Sydney price in 12m.

 

[Smurf1976]

Negative gearing is an utter irrelevance.

To the price of property perhaps but it does serve a major role of avoiding political debate on the actual drivers of property prices.

It's akin to the magician waving their hand or otherwise diverting your attention so that you don't look at what they're actually doing right in front of you, seeing only the result.

 

[sptrawler]

It is starting to look like people are expecting rampant inflation and their buying power dropping, so buy hard assets.
I hope they have called it right, because if wages don't sky rocket, house prices can only go one way.

 

[qldfrog]

It is starting to look like people are expecting rampant inflation and their buying power dropping, so buy hard assets.
I hope they have called it right, because if wages don't sky rocket, house prices can only go one way.

Yes and no,
Look at Sydney average price for the last 20y: up up up..in my opinion, impossible to buy at these levels for the average worker yet it went up.
There is a lot of established money: wealth and we are risking hyperinflation : people want asset protection
These Noosa prices i am talking about are within 30min from hasting street..a very small pocket of wealth coming from 3 different states and where hardly anyone is actually working on a wage.
It's in my opinion a rebalancing of locations and priorities the new world coming.why bother working and doing a new business with the Reset on its way.lets enjoy life where you can..and that is not in Melbourne...
And that growth is not universal.you have inflation linked house prices national wide,but the house i sold in Brisbane 12m ago is valued around 10% more, great but just in line with inflation, it did not double..
Pocket of growth making headlines, but overall growth just inflation...after all,what is more indexed to inflation than a house: land,raw material,services,red tape,services and workers wages/tradies rates all embedded

 

[over9k]

To the price of property perhaps but it does serve a major role of avoiding political debate on the actual drivers of property prices.

It's akin to the magician waving their hand or otherwise diverting your attention so that you don't look at what they're actually doing right in front of you, seeing only the result.

Hence the term misdirect