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The future of Australian property prices

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Multimillion dollar Sydney beach view properties, im sure its just chump change to them, they will be right
 
Our own stalin wannabe is at it again, frustrated at having been beaten to the best dictator on the blick by Victoria and even losing 2nd place to Western Australia shaking boots, she decided to act against cockroaches:
https://www.afr.com/policy/economy/queensland-s-land-tax-dog-whistle-20220724-p5b458
Free currently but google search for affiliated sites if it get blocked.
This will ensure absence of rentals for many more :dumb, or just dumber?
 
A friend of mine in a rather good financial position wants to buy a house and pay for it with forward payments from loans on her 2 other properties and then sell one of these to fund the new one. It is in a regional centre where prices are currently holding up ok. This will mean carrying about 700k debt between settlement dates..starting next week. I have suggested that it is a risky proposition going into ( for her) huge debt at a time when there is a risk of credit tightening, property prices falling and that I would not do it like this. Not to mention that cash could be very handy to have to buy into lower shares or indexes over the next say 6 months. Any thoughts on this from a regional Vic context?
 
This should probably be in the Property Prices thread ..apologies...please move it if appropriate.
 
Interesting times in the credit markets. The 2 year yield putting the finishing touches on this first leg 16/6/2021 all time low. Currently tracing out subwave blue 3 within red wave 5. This might top out before xmas in which case we will have falling rates for most of next year retracing and correcting somewhere between 0.50 to 0.618 of the entire move. The real problems will start after that pullback finishes.


 
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and asking for the good aussie spirit:
Never such a better leftist than a dobber

Brisbane residents urged to dob in a short-stay property as council rolls out rates hike

Owners of homes used for short-term accommodation in Brisbane are being urged to register themselves for a 50 per cent rates hike, or be prepared for a neighbour to do it.
www.abc.net.au
 

The good old Aussie spirit would be to go to your neighbour the landlord first and demand a cut of the profits before you dob them in.
 
Two bobs worth to this conversation.
My brother was talking to a Real Estate agent in Brunswick on the weekend.
Apparently the agent has 8 mortagee sales on his books. The pips are being squeezed.
 
basilio said:
Two bobs worth to this conversation.
My brother was talking to a Real Estate agent in Brunswick on the weekend.
Apparently the agent has 8 mortagee sales on his books. The pips are being squeezed.
Click to expand...
I was randomly looking at house prices on re website in my area and came accords 1 mortgagee auction, never saw one by chance before
 
SirRumpole said:
It's a sad fact and a consequence of past policies that have pushed prices up to the un-affordable level.
Click to expand...

Have been hearing on the grapevine two things.

First, there has been an increase in applications for personal loans mainly from property investors and, second, same with credit card applications overall.

Hey people, you're already swimming in debt so let's go even further into the deep end.

Debt can be a good servant but a very bad master.

To me, it's bizarre based on a FOMO to get a $1.5m PPOR on 10% deposit with IO. Doing that I feel you're already on the losing end with the slightest increase in mortgage rates which would have likely applied once the IO period finishes. However, we had an aversion to debt at that level. We purchased an el cheapo in the crappier end of town. I have to acknowledge though it was different times and houses were not as expensive relative to wages unlike now.
 
againsthegrain said:
I was randomly looking at house prices on re website in my area and came accords 1 mortgagee auction, never saw one by chance before
Click to expand...

Frankly mortgagee actions are not shouted from the rooftops. I suspect these were more liked "forced sales" without the bank actually taking over the loans. Looks better for all concerned.

-----------------------------------------------------------------------------------------------------------------------------------

Having said that I did come across this website in my research. You have to wonder what sort of dropkicks can't spell or bother to spellcheck.

Find Mortgagee Properties for Sale | Mortgagee Auction Listings

Mortgagee sale & auctions can help you save big $$$. REDA's search presents filtered listings for mortgagee properties for sale. Sign up for 30 day free trial.
www.realestatedealsaustralia.com.au
 
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