The future of Australian property prices

[qldfrog]

no thanks as the socialists are even less opposed to the Reset than the other bunch; this is a fight to the death to defend our western society against the 1984's nightmare, and while I do not trust the liberals to defend our model too much, too much interests on the big corporate who got power on the LNP, as opposed to the socialists, they do not push for it...
Isn't the response to covid a clear demonstration of the ideology ?

But let's go back to the thread:
and the Reset is clear: ownership is gone, "you will have nothing and be happy", no ownership, no landlords and you will have camps of tiny houses in "paradises areas with communal garden and a shared EV charging point...what has been called trailer park trash for generations will be renamed as minimalist sustainable social housing communities..

 

[Humid]

That is the whole issue, neither Labor or Liberal in Australia, are hard left or hard right.
They can't be, we have entrenched welfare system and public services, at best they are slightly left of centre or slightly right of centre.
It doesn't make a huge difference who gets in, it has to be funded how they fund it is what people should be thinking about.
IMO being a Labor supporter or a Liberal supporter is nonsense. ?
It's like people getting all out of shape about losing penalty rates, for those who only work on weekends, my wife used to.
But in the next breath, cheering on fanatically, those that raised the pension age and made it near impossible to get disability.?
Like I said it makes very little difference, minor tweaks here and there, just chose which tweaks you prefer.

Run me through how they funded jobkeeper boss

 

[sptrawler]

yes all the workers got together and said we'll show these mungrul politicians how its done. no more strikes fellas no more go slows no more s equipment failures to persuade those bastard bosses, we'll get this country back on its feet

No actually it was Bill Kelty and the ACTU, that signed us up, you should read up a bit before you blow your toes off. ?
I've been at union meetings, where we were told if we striked the union wouldn't back us and you would face civil court proceedings.
Obviously your a young bloke.

Australian politics explainer: the Prices and Incomes Accord

The Prices and Incomes Accord was a series of agreements between Labor and the ACTU where unions would moderate their wage demands in exchange for improvements in the ‘social wage’.

theconversation.com

 

[wayneL]

But let's go back to the thread:
and the Reset is clear: ownership is gone, "you will have nothing and be happy", no ownership, no landlords and you will have camps of tiny houses in "paradises areas with communal garden and a shared EV charging point...what has been called trailer park trash for generations will be renamed as minimalist sustainable social housing communities..

They did talk about The dissidents who would live outside the cities though

We will have real food and will be happy. Might half to pick off a few of the weak, pasty, intellectual zombies from the dystopia if they escape and wander into our areas though.

 

[sptrawler]

Run me through how they funded jobkeeper boss

They haven't, your yet to pay for it son, same as jobseeker and the $50 increase to the dole.?

Anyway enough frivolity, back on thread.

 

[SirRumpole]

No actually it was Bill Kelty and the ACTU, that signed us up, you should read up a bit before you blow your toes off. ?
I've been at union meetings, where we were told if we striked the union wouldn't back us and you would face civil court proceedings.
Obviously your a young bloke.

Australian politics explainer: the Prices and Incomes Accord

The Prices and Incomes Accord was a series of agreements between Labor and the ACTU where unions would moderate their wage demands in exchange for improvements in the ‘social wage’.

theconversation.com

I'm old enough to remember the petrol strikes, rail strikes, airline strikes and every union and their dogs vying to cause the most disruption.

Thankfully those days are over, but we have gone in the other direction with Work'choices' and outsourcing destroying our way of life.

Surely there has to be a middle ground.

 

[sptrawler]

I'm old enough to remember the petrol strikes, rail strikes, airline strikes and every union and their dogs vying to cause the most disruption.

Thankfully those days are over, but we have gone in the other direction with Work'choices' and outsourcing destroying our way of life.

Surely there has to be a middle ground.

You probably find that we are pretty close to the middle ground with regard employment opportunities, reasonable wages and conditions now.
During those strike times I worked construction, mining and regional power system, the workers swings were 5 weeks on one week off, my son who is an underground sparkie is 8days on 6 days off. Back then a lot of conditions were terrible, and change was hard fought for, now with the shortage of workers, wages and conditions are much better, all we can hope for is that it continues.
Will people stop complaining? Never admit you have got it good, things can always be better. Just ask the farmers ?
The airline strike that was a beauty, the only time the military have been brought in to strike break and the only time a P.M has said that none of the pilots who went on strike should ever be employed in Australia again.
They were the days, no room for the faint hearted. https://en.wikipedia.org/wiki/1989_Australian_pilots'_dispute
By the way work choices in 2006, Howard out 2007 and Labor in 2007, it really didn't get much traction. Everybody makes it sound as though a whole generation of factory workers were thrashed to death with it.? Just the words strike fear into the heart of children.

Ah memory lane, lets get back onto property prices and all these young people who can't afford a $3m home in Sydney/Melbourne and how we can help them out.

 

[Gunnerguy]

£679000 ?

360,000 x2 when using deceased partners allowance otherwise just 360,000.

 

[sptrawler]

360,000 x2 when using deceased partners allowance otherwise just 360,000.

Hi Gunerguy, does it include the family home? Or just investment properties.

 

[Gunnerguy]

Hi Gunerguy, does it include the family home? Or just investment properties.

Entire Estate of the deceased. In the UK there is no segregation of PPOR or investments (property). Purely based on what the deceased ‘owned’

 

[sptrawler]

Entire Estate of the deceased. In the UK there is no segregation of PPOR or investments (property). Purely based on what the deceased ‘owned’

Well that would have an effect on prices IMO, the price goes up, the more the family pays in tax when you kick the bucket.
Easier not to bid up the prices, less tax to pay.

 

[qldfrog]

Some interesting experience for woke minded movie stars facing..the real world

The Pitts: How Hollywood star's green housing dream turned nightmare

Brad Pitt, who took credit for launching low cost housing in 2007 has argued through lawyers that he could not be sued over the housing development’s failings.

theqldr.com.au

To the risk of raising the hire of my leftist fellows, what i discovered with experience among multiple country is that housing is mostly a reflection of the inhabitants.
You can have clean slums and government housing which would be classed as luxury for 80% of the world population treated like dumps.
Obviously, hard to have a nice suburb above the smoking tip of mumbai, .

 

[noirua]

If you have this house then if you want to move it to a different position you can. Too hot in summer then move it to a shady spot. If you don't like one neighbour then move away from them.


Or this one:


Hardly got two coins to rub together then this is your cabin:


Or a shipping container or two:

 

[qldfrog]

If you have this house then if you want to move it to a different position you can. Too hot in summer then move it to a shady spot. If you don't like one neighbour then move away from them.


Or this one:


Hardly got two coins to rub together then this is your cabin:


Or a shipping container or two:

As ij mentioned before, when you go into social engineering and make people believe that a new version of trailer park is an aspiration.
Why mobile? Because of bloody local council regulations and because you can not afford to buy the land
Why small? Because you need a police escort to drive anything wider on our roads...
And because the average young dink can not afford even a shack on a 750 sqr meter block.
The slow descent of Australia down the ladder parading as a lifestyle.
I am actually a fan of these upscaled caravans, following the various dedicated shows etc...
But make no mistake as to the aim.
Rabbit hutches."you will have nothing and be happy"
I offer the culmination of decluttering and sustainability with recyclable cardboard:

But seriously, look at the way these tiny houses are presented. Now imagine when it is raining or blisteringly hot..or freezong cold the type of life a young couple will have there....and when the toddler is around
Seriously think about the social engineering taking place, is it "progress"?
These tiny house are what our trendy Noosa shire offers as the answer to rental crisis in the shire..

Tiny homes to help solve big problem – Noosa Shire Council

Tiny homes to help solve big problem

www.noosa.qld.gov.au

not God forbid allowing anyone to build a cottage for rental on a 50+ acres block ..bloody koala killers

 

[Stockbailx]

In that context, a key question for property investors is — just how fast will rates climb?

The NAB economics team have pencilled in the RBA’s first rate hike for November this year.

That’s slightly less hawkish than Commonwealth Bank, which is holding to its forecast of an August 2022 rate hike following a busy week of RBA updates.

For now, the central bank remains confident that while we can expect to watch inflation climb through the middle of the year, it’s not at risk of making a dovish policy mistake that will see CPI growth run out of hand.

In NAB’s view, the housing market won’t really hit the brakes until rates start to rise.

Between November 2022 and February 2023, NAB forecasts interest rates will rise from 0.1% to 0.65%, before “a steady series of increases over 2023 and 2024”.

I think that's a lot of skepticism, we don't need for now. Rates haven't risen as yet. But it puts a prospective on future prices. a good time to sell but perhaps a better time to buy late in future!

 

[sptrawler]

We have talked about the Singapore housing model on this thread several times, over the years, it is good to see it getting a bit of airplay in the mainstream media.

This academic has an idea to make housing more affordable. Is it worth a try?

A Sydney University economist is proposing a radical solution to dramatically improve housing affordability for first home buyers and, while other experts have doubts, they generally agree something like it might be worth a shot.

www.abc.net.au

 

[JohnDe]

I feel that property prices are about to drop, not a lot but enough to make a difference.

World travel is back on the agenda, interest rates will go up, cost of living is going up and is being felt by all.

I've been looking for a property to replace one that I sold last year, looking for over 3 years, prices are stupidly high. I'm in no hurry so we keep watching and looking, even put in some offers and currently waiting on a couple of offers we made.

Yesterday a property went for auction in a suburb that when a house goes up for sale it is like gold and all the mad bidders come out of the woodwork. Fort the first time in years a property did not make reserve and was not sold at auction. I'm taking this as a sign.

 

[basilio]

I was visiting a friend in Middle Park yesterday. Just up the street I noticed an open house and, naturally, decided to have a sticky beak.

Anyway for those on ASF whose boat has come in (and it isn't a tinny) perhaps this stylishly updated property could be in your sights.
Naturally you have to start talking at the $5M mark.

On the other hand after seeing 95 Hambleton st you might like to create your own individual sanctuary. It so happens that next door is a virtually identical property which is very ripe for renovation. According to the markets $3.5M should secure this opportunity. The current owner bought it in 1977 for $37k

It is very, very well done. But I wonder what the owners of the place 42 years ago would say. ? They sold it for $49.5K

https://www.realestate.com.au/property/95-hambleton-st-middle-park-vic-3206

https://www.realestate.com.au/property/93-hambleton-st-middle-park-vic-3206

 

[basilio]

Going back in time.

I was playing with the website I quoted in my last post. When I went down the street and checked out other properties one could see the pictures taken at each sale or attempted sale point. Interesting to see the renovations.

And of course the price increases

https://www.realestate.com.au/property/91-hambleton-st-middle-park-vic-3206

 

[sptrawler]

My gut is telling me, my lazy money in the term deposit, might be deployed into property in the next 12 months, I might be wrong but my tummy says geared up property owners strap yourselves in.