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The future of Australian property prices

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Apparently there was a period of gyprock ceiling being glued up with a different glue, I think one was blue and the other was yellow, but when people started blowing in insulation, one of the glues started letting go.
So it probably isn't an uncommon issue and many may not even know they have a problem.
A bit off topic, but a good heads up for those considering the property market.

Causes and warning signs of spontaneous ceiling collapse

The Building Commission has become aware of a number of ceiling collapses, particularly in homes completed between the years 2005 and 2009, which prompted an investigation into what caused the ceilings to fail. The Building Commission has inspected seven homes where ceiling failures had been...
www.commerce.wa.gov.au
 
Not good enough the property manager should be had up for neglect of duty.
 
Yeah lawyer up and screw them to the floorthen they can also watch to see the ceilings are going to come adrift.
 
farmerge said:
Yeah lawyer up and screw them to the floorthen they can also watch to see the ceilings are going to come adrift.
Click to expand...
Also any renter take note, there are a lot of ceilings glued up badly, get the camera out and take it from there.

There are two sides to every story, as usual, it will be interesting to see if a phenomena develops.
It usually does with a bit of stimulus and imagination. ?
 
So here's one guys creative solution to the housing crisis. Just jump in the garbage skip.

(Well worth checking out..)

Artist builds home in a rubbish skip to protest against soaring rental prices in London ​

Posted 14h ago14 hours ago

Artist Harrison Marshall inside the rubbish skip which he has converted into a home.(Reuters: Henry Nicholls)
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An artist has built a home in a rubbish skip in London and plans to live in it for a year, seeking to draw attention to the "crazy" price of renting a room in Britain's capital during a cost-of-living crisis.

Key points:​

  • A man living in a specially-adapted rubbish skip in south London says it's the only way he can afford to live in the area
  • Artist Harrison Marshall plans to live in the dumpster for a year
  • He hopes it will draw attention to Britain's "crazy" cost-of-living crisis

Harrison Marshall, 28, moved into the specially-adapted skip on a patch of grass in Bermondsey, south London a month ago, explaining that it was the only way he could afford to live in the central area near where he works.

Returning to the city after a period abroad, he said he struggled to find somewhere to live given the shortage of housing.
"As was the case with thousands of people across the city and across the country, the prices had gone crazy. Rent was mad," Marshall said.

'Rent was mad': Artist moves into rubbish skip in protest at 'crazy' London costs

An artist builds a home in a rubbish skip in London and plans to live in it for a year, seeking to draw attention to the "crazy" price of renting a room in Britain's capital during a cost-of-living crisis.
www.abc.net.au
 
sptrawler said:
there are a lot of ceilings glued up badly,
Click to expand...
At least those sheets aren't 12 mm anymore ( but still very heavy ) and they're screwed on these days, not just a blob of gunk and an effing nail.
Reactive soils don't keep the roof frame from moving about , either.
I'm surprised nobody's ever been killed by these unnecessarily heavy ceilings. It's only for appearance after all.
 
sptrawler said:
there are a lot of ceilings glued up badly,
Click to expand...

Tell me about it.

This place was built in 1982 and when I started doing renovations it was noticed the glue used for the ceiling plaster had failed. It was really just a nail in each corner holding the whole lot up. Down it all came. And a couple of battens had warped causing additional cracking of the cornices. That problem was fixed as well. Overall the roof itself has held up well probably because it's a truss roof constructed from jarrah (yep, that was not uncommon in them thare days.)
 
Same built in 1992 ceilings started sagging about 10 years later as the glue let go mine had the odd horse hair plaster attached in places which stopped the complete collapse ended up screwing up all the ceilings in every room in the place (5 beds + study).
 

Steve owns 12 properties and is swimming in debt. He says landlords are other side of the rental crisis

www.9news.com.au


I wonder how many are shedding a tear for the poor bloke who's just having a hard time with his 12 properties. I mean, he just wants to retire with 12 properties ... it's certainly not been fair on him.
 

Jeeezus, are these stories real?? Retiring with 12 highly leveraged properties, to fund your retirement "in lieu of superannuation". Sounds like a really savvy 'ex-businessman'
 
Junior said:
Jeeezus, are these stories real?? Retiring with 12 highly leveraged properties, to fund your retirement "in lieu of superannuation". Sounds like a really savvy 'ex-businessman'
Click to expand...
Good chance its not entirely real, this is news.com.au where spruiking property is a daily habit and most journalists there if you can call them that are invested in re.
 
againsthegrain said:
When his on his death bed in 5-20 years getting 1 less or 1 more ip won't be something he will be thinking of
Click to expand...
Haha yea exactly.

I also don't know how real the article is. You also have to wonder if they're aim was to garnish sympathy for landlords or was it to draw the ire of others? Thought the 'Australian dream' was to own your own property, unless it's now morphed into be a 'property mogul'
 
Twiggy has set the bar pretty high now.
 
This is a long and ongoing thread. (Mine is #15,980 .... )
... I guess as it addresses the  Future, and that leaves the topic open ended.

qldfrog raised this important point elsewhere :
But if the problem is too dear housing and no one wants to tackle the real issue: council gouging on fees and exemption, red rape,
Click to expand...
And one thing I've noticed is the slow, snail-paced even, pace of redevelopment in established suburbs. A lot of blame rests on the DA, the development process, that needs so many ticks before anything happens and money can be spent. Existing properties can be sold in the million dollar++ range (mostly of late at auction, so it's locked in), and then ... ... ... inaction, a stalled opaque process or complete stasis, and it can be years until the go-ahead is given. Meantime, the big dollars are on hold ... which when interest rates were low and the boom was on, didn't impinge too much. But now proces have stalled/ dropped and capital is no longer 'free.'

But the bureaucracy, oh the inscrutable process. The hoops to jump through. ... Red tape.

Meantime, empty places, lives and plans set on hold. And costs are impacting and flowing through, with scarcity through inaction a big contributor. Surely this must be an element in housing unaffordability.
 
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