The future of Australian property prices

[sptrawler]

Labour and the Greens are dreaming, if you cap rents you'll have to cap everything related to a rental or you'll end up with poor quality rentals. It's been a proven fact in many studies.

As for their commitment to building public housing that's another dream, the costs will blow out to something huge.

Builder's dire warning for Aussie industry on brink of 'national disaster'

Scott Challen said a 'perfect storm' is brewing and they're only seeing the 'tip of the iceberg'.

au.finance.yahoo.com

So maybe import more tents?

 

[wayneL]

So maybe import more tents?

Sow to the wind, reap a whirlwind.

But seems to be turning into the category 5 freaking tornado.

 

[Knobby22]

The latest ABS figures out today further highlight the fall in owner occupier housing.
Why on earth someone from the opposition or cross benchers does not just put these charts into hansard and ask one the genii in the Govenment to explain it it all is just beyond me.
it makes the opposition and cross benchers just as big a bunch of morons as the government.
Mick
View attachment 173491

The opposition would have to offer a solution. We all know they want to keep the status quo.

 

[TimeISmoney]

So maybe import more tents?

It's been inaction from many governments over decades, pointing the finger at private investors when they hold less than 30% of the housing market is just a red herring.

Capping rents will squeeze the rental market even further, and it will never be the poor jumping into the houses they sell.

Hate to say it, but the best thing they could have done is let Australia go into a recession and let the housing market go through its cycle.

 

[sptrawler]

Hate to say it, but the best thing they could have done is let Australia go into a recession and let the housing market go through its cycle.

Absolutely, but there are way too many politicians with skin in the game and now prices have gotten so far out of control, the financial shock of a price collapse would probably be too much.

That's what happens when vested interests, have so much control over outcomes and also the reason both major parties are on the nose with the silent majority.

Young families can see that their future housing prospects looks grim and the life they can give their kids looks grimmer, not a great situation for the country when it is trying to improve productivity.

The new migrants will be firing, the homegrown will be despondent, guess you just keep bringing them in to lift the enthusiasm.

I guess it just becomes a new paradigm, life goes on people adapt.

 

[divs4ever]

Labour and the Greens are dreaming, if you cap rents you'll have to cap everything related to a rental or you'll end up with poor quality rentals. It's been a proven fact in many studies.

As for their commitment to building public housing that's another dream, the costs will blow out to something huge.

Builder's dire warning for Aussie industry on brink of 'national disaster'

Scott Challen said a 'perfect storm' is brewing and they're only seeing the 'tip of the iceberg'.

au.finance.yahoo.com

more like the seagull on top of the iceberg , but heck this is the Fabian Socialist tradition , rose-tinted glasses on even after the train hits them , all that university time/space just flushed down the S-bend

 

[qldfrog]

The opposition would have to offer a solution. We all know they want to keep the status quo.

You mean like not bringing in 600k extra people a year..that's consensus
Bad or worse..
We got worse now

 

[Knobby22]

You mean like not bringing in 600k extra people a year..that's consensus
Bad or worse..
We got worse now

Well yea.

 

[Chipp]

Overall gains not keeping up with interest and a couple doing better

Graphic from corelogic

 

[qldfrog]

Overall gains not keeping up with interest and a couple doing better

Graphic from corelogic



View attachment 173577

yes among all these leftist yellings, RE is actually going down after inflation in most places..so the real issue is that income are going down too..which is a given when you bring in 600k younger migrants in a small working population..but blame neg gearing

 

[Prepper Pete]

yes among all these leftist yellings, RE is actually going down after inflation in most places..so the real issue is that income are going down too..which is a given when you bring in 600k younger migrants in a small working population..but blame neg gearing

Are we living in the MATRIX ?

 

[qldfrog]

Are we living in the MATRIX ?

based on the covid and CO2 is global warming scams and looking at the reelection of ALP in Victoria , it seems so.....

 

[qldfrog]

Are we living in the MATRIX ?

in the noosa area I would say we have had a 10% decrease in prices from top (2022) overall and some stagnant prices otherwise with a real inflation not far from double digit, that is a bit of a fall in real term..

 

[TimeISmoney]

The writing was on the wall.

 

[farmerge]

A five acre property not too far from us was put on the market early this week, yesterday had the Under Offer sign plastered across it.
$1.5+ I am told.
Not your first home buyers looking at these semi-rural retreats.

 

[Prepper Pete]

A five acre property not too far from us was put on the market early this week, yesterday had the Under Offer sign plastered across it.
$1.5+ I am told.
Not your first home buyers looking at these semi-rural retreats.

I guess in todays terms we could measure the Australian housing market in Pi or Pie

 

[TimeISmoney]

A five acre property not too far from us was put on the market early this week, yesterday had the Under Offer sign plastered across it.
$1.5+ I am told.
Not your first home buyers looking at these semi-rural retreats.

Land is what's worth the money these days as it is becoming rare. My parents have small farm acreage just 25kms from the Brisbane CBD and have the vultures try to buy it from them every month.

The last one brought them easter eggs and coffee after they had told them that the property wasn't for sale and persisted in working some deal with them where the buyer would buy now and pay later. My parents BS to them and told them that the property is partly owned by the kids, when he heard that he picked himself up and left.

 

[divs4ever]

Are we living in the MATRIX ?

depends if you are addicted to mainstream media and (most ) popular social media

the danger is the same as AI running things , limited information sources equals unbalanced decisions

 

[Chipp]

Land is what's worth the money these days as it is becoming rare. My parents have small farm acreage just 25kms from the Brisbane CBD and have the vultures try to buy it from them every month.

The last one brought them easter eggs and coffee after they had told them that the property wasn't for sale and persisted in working some deal with them where the buyer would buy now and pay later. My parents BS to them and told them that the property is partly owned by the kids, when he heard that he picked himself up and left.

Just a couple hundred metres from me a parcel of 10.5 hectares has just hit the market , inside 10kms to Brisbane CBD ( just) . There is zero price guide but the mind boggles on how much it may be worth

https://www.realestate.com.au/property-residential+land-qld-upper+mount+gravatt-203816476

 

[divs4ever]

Just a couple hundred metres from me a parcel of 26 acres has just hit the market , inside 10kms to Brisbane CBD ( just) . There is zero price guide but the mind boggles on how much it may be worth

that depends on if the nutjobs have recently labelled it a 'flood zone ' ( unlike the numerous built on sites which have a regular history of inundation like say Queen Street in the centre of Brisbane )