Well it was a Victorian he was replying to.Even derelict dumps between the foreshore and the forum are selling in days, a mate who is a RE agent says most are Eastern States buyers, picking them up sight unseen.
Another friend sold his place, the Victorian buyer asked for an inspection, which was done.
When the buyer asked for things remedied, my mate said get stuffed and they bought it anyway.
Compared to equivalent properties on the eastern seaboard, IMO they are still extraordinarily cheap (relatively).
The prices are probably about right, it is just the prices over East are stupid, to try and take ours up to that level is in no ones best interest IMO.
Well, just over in the far flung, drug and indigenous/migrant infested mortgage belt suburb of Ellenbrook, half decent piles are 750k and selling like hot cross buns. (And further from the CBD than us)
Please note that what we might call intrinsic value, may be at odds with "market value".
The prices are probably about right, it is just the prices over East are stupid, to try and take ours up to that level is in no ones best interest IMO.
I hope these investors crash and burn personally, all it is doing is driving the middle class into poverty.
In the end all the workers will be trying to get on disability, get the partner as a carer and put the kids on the NDIS then apply for social housing.
Same here and mine's a completely unremarkable 60 year old house built to a volume builder's standard design.
Notable for me is that none of this in my area at least, is coming from recent migrants; apart from the *very* occasional Safa or Pom... and usually they've been here for a little bit already.Same here and mine's a completely unremarkable 60 year old house built to a volume builder's standard design.
Light orange-tan coloured bricks that are ubiquitous in SA. Tiled roof that's somewhat faded. Steel framed windows painted white. Concrete driveway with bricks in the middle. Etc. It's as generic as it gets.
Only notable feature is another room, a second living area, added on after the original construction although that's not visible from the street. That plus a carport enclosed on 3 sides but that's fairly common.
At the rate it's going though, it'll be worth $1 million before too much longer and I mean that literally.
Perhaps this might be a clue.
The grass is always greener on the other side of the fence.
Greens(party) pushback for middle Australia? Are you ironic?
The thing is the greens are the only party talking about rent caps, renters rights, reducing property tax breaks and with voters it is all about the optics. Labor are nervous, that's for sure.
Yes it is a sure way to improve productivity, get all the workers stiched up to the eyeballs in mortgage or rent payments, then they have to beg for extra work.
But we know they are all causing rental shortages, the more the worst..but yes the talk is pleasant, the situation worsens, and more votes at the next elections
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
