The future of Australian property prices

[mullokintyre]

The smugness of the elite.
Mick

 

[Value Collector]

The smugness of the elite.
Mick

Who me?

I am not an elite mate, I come from a working class family, failed high school, joined the army to survive, and after that struggled making journey man returns in a small business for years.

The only reason I got ahead was hard core saving from 14 years old, compound growth and being dedicated to self education in the investment space, and thanks to Lessons or Ben Graham and Warren Buffett found some amazing investments.

 

[Value Collector]

I would just say that few are the people who have ever lived on acreage keen to go back living in a unit voluntarily .
But mankind is easy conditionned.
You will own nothing and be happy
Between our last acreage buy /sell settlement dates, we had to spend 4 weeks in a row in a unit .
And we are not talking public housing: opposite beach. Sounds of wave, big spa,2 bedroom bathroom just for the 2 of us, with pool and terrace, balconies...
Never again sharing the yapping of a dog, the stink of cigaret or cooking, the lift, the communal area..and 7k a year. BC fees discussed previously ...
At the very least a decent size land on house.
But yes, rabbit hutches for video game and uber eat addicts living meaningless lives, is a dream for our world 2.0 wef leaders.
And no travel ..for the peons..to save the planet and prevent awareness.
Maybe a trip yearly to a DisneyWorld and they are happy and contended eating and living crap
But I agree on one thing, if you want to import millions migrants to have them unemployed, you need to have dense living aka ghettos otherwise you will spoil Bondi, Noosa and Yarra,all our leaders playgrounds....

I just had a look at some stats, and they go against your anecdotal thoughts. Even with population growth, rural parts of the country are shrinking as people move to more densely populated cities and regions.

 

[SirRumpole]

Who me?

I am not an elite mate, I come from a working class family, failed high school, joined the army to survive, and after that struggled making journey man returns in a small business for years.

The only reason I got ahead was hard core saving from 14 years old, compound growth and being dedicated to self education in the investment space, and thanks to Lessons or Ben Graham and Warren Buffett found some amazing investments.

So you never sold newspapers as a child ?

Ever thought of going into the investment advisor business (apart from here that is).

"As cities grow, parts of regional Australia disappear and get angry"

It's always been the case, people go where the jobs are. Even agriculture and mining are being mechanised so less need for labour.

 

[Value Collector]

So you never sold newspapers as a child ?

No I delivered the free local paper, delivered pamphlets, and also picked fruit.

No, I don't think I want to work as an investment advisor, that requires me to go back to school, and then get a job hahaha.

 

[mullokintyre]

I just had a look at some stats, and they go against your anecdotal thoughts. Even with population growth, rural parts of the country are shrinking as people move to more densely populated cities and regions.

View attachment 171738

Your figures might be a bit out of date.
According to the ABS , for the 2021 - 2022 year,

Note that the increase in regional Australia is the same as that of the capital cities.
For the capital city growth, the immigration was 50% higher than the natural growth via new births.
In capital cities, the internal migration is negative 47 k.
By default, those 47k people must have gone to the regional areas.
Note also that in the previous year when COVID smashed the immigration figures, there was anegative growth in Capital cities, yet the non capitals still achieved a growth of 1%, which would have been largely made up by the negative growth from internal migration of the cities.


Mick

 

[Value Collector]

Your figures might be a bit out of date.
According to the ABS , for the 2021 - 2022 year,
View attachment 171901
Note that the increase in regional Australia is the same as that of the capital cities.
For the capital city growth, the immigration was 50% higher than the natural growth via new births.
In capital cities, the internal migration is negative 47 k.
By default, those 47k people must have gone to the regional areas.
Note also that in the previous year when COVID smashed the immigration figures, there was anegative growth in Capital cities, yet the non capitals still achieved a growth of 1%, which would have been largely made up by the negative growth from internal migration of the cities.

View attachment 171906
Mick

“Regional“ includes the regional cities, I was talking about rural areas.

 

[mullokintyre]

“Regional“ includes the regional cities, I was talking about rural areas.

Really?
Look at the headline you quoted, the word Regional looks suspiciously like it is there.
Mick

 

[Value Collector]

Really?
Look at the headline you quoted, the word Regional looks suspiciously like it is there.
Mick

Headlines are headlines, look at the highlighted bit it says rural and remote areas.

Qldfrog (who I was replying too) was talking about people living on the land, not retirees making a sea change to regional cities like Ballina or Coffs Harbour.

 

[divs4ever]

I bought off the plan in the 2000s, and couldn't find anything already built close to what I bought within 50K, wasn't the best built house but still have it to this day.

With the quality of builds I've seen around these days, I'd be scared of just building a house with a builder.

just as traumatic if the building/house needs major repairs

 

[Warr87]

Who me?

I am not an elite mate, I come from a working class family, failed high school, joined the army to survive, and after that struggled making journey man returns in a small business for years.

The only reason I got ahead was hard core saving from 14 years old, compound growth and being dedicated to self education in the investment space, and thanks to Lessons or Ben Graham and Warren Buffett found some amazing investments.

Ahh, army. Well no ones perfect. It's no senior service .

 

[Value Collector]

Ahh, army. Well no ones perfect. It's no senior service .

Well, it was stable job, provided me a better wage and life style than I would have gotten else where, and gave me some pretty amazing life experiences. I can't complain to much it was a pretty got job for a young bloke at the time.

 

[TimeISmoney]

Wow! Not in my wildest dreams would I have expected Brisbane house prices to match Melbourne 20 years ago.

 

[JohnDe]

Wow! Not in my wildest dreams would I have expected Brisbane house prices to match Melbourne 20 years ago.

that's because you're a positive dreamer, if you're prone to nightmares you would have seen the Victorian Labor governments slowly destroy all things that made Victoria and Melbourne great.

 

[TimeISmoney]

that's because you're a positive dreamer, if you're prone to nightmares you would have seen the Victorian Labor governments slowly destroy all things that made Victoria and Melbourne great.

I think it's just around the corner for every state, but the problem with Brisbane is that it doesn't have the amenities and infrastructure that it needs. The state govt arranges for major roads to be upgraded and the federal pulls the funding after many years of lobbying.

 

[sptrawler]

I think it's just around the corner for every state, but the problem with Brisbane is that it doesn't have the amenities and infrastructure that it needs. The state govt arranges for major roads to be upgraded and the federal pulls the funding after many years of lobbying.

Don't mean to offend, but Queensland is a national disaster zone every year.
I've never lived there and only visited in winter and found it great, then you get home to W.A and read about the aquatic centre you just left.
I think eventually the East coast is going to become uninhabital. Lol

 

[TimeISmoney]

Don't mean to offend, but Queensland is a national disaster zone every year.
I've never lived there and only visited in winter and found it great, then you get home to W.A and read about the aquatic centre you just left.
I think eventually the East coast is going to become uninhabital. Lol

People are just dumb and buy in flood zones, the local govt is dumber for letting them build there in the first place but you can't fix dumb, unfortunately. The same areas flood every few years, but what baffles me the most is that some of those areas are in the most expensive areas.

 

[sptrawler]

I can't get over how when mates move over there, they go on and on about how grenn it is compared to W.A, well duh.

Then they ring up and say it is pisskng down and 37deg, well duh again, FFS what is wrong with peoples power of deduction these days.

 

[Smurf1976]

I think it's just around the corner for every state

Sydney average price = $1,122,430
Canberra = $842,971
Brisbane = $796,818
Melbourne = $777,250
Adelaide = $721,376
Perth = $676,823
Hobart = $651,807
Darwin = $501,520

The Latest Median Property Prices in Australian Cities

Here we have put together a list of Australian house prices, broken down into the median house prices in each major city and its regional markets.

propertyupdate.com.au

The standout observation in my view there is Melbourne being in fourth place with price. Given it's the largest population city, that seems an "interesting" situation.

 

[joeno]

Sydney average price = $1,122,430
Canberra = $842,971
Brisbane = $796,818
Melbourne = $777,250
Adelaide = $721,376
Perth = $676,823
Hobart = $651,807
Darwin = $501,520

The Latest Median Property Prices in Australian Cities

Here we have put together a list of Australian house prices, broken down into the median house prices in each major city and its regional markets.

propertyupdate.com.au

The standout observation in my view there is Melbourne being in fourth place with price. Given it's the largest population city, that seems an "interesting" situation.

8 years ago property prices too high. These days... Not so much. 800k is what... 480k euros? Lol. Won't buy you much in London / Paris / Zurich etc