I personally think it will cause a greater contraction of house prices, but I think that is a good thing.I think that claim is a houso-scare. High income earners who divest from property will reinvest somewhere else in the economy. Last time I checked, shares were quite cheap
It's quite ironic really - it's housing debt that got us in the sheet in the first place, yet Mr Symond wants my taxes to sponsor even more debt for housing?
I personally think it will cause a greater contraction of house prices, but I think that is a good thing.
If house prices aren't brought back, in Melbourne and Sydney which make up the majority of properties, wages will have to rise to support the current prices. That would cause inflation to take off, and hurt everyone. Just my opinion.
Well Luu, I think that property prices took off and kept rising, because of greed pure and simple.
Real estate agents started it, by constantly upping valuations, everyone new someone who had made a packet on their house so everyone wanted a piece of the action.
With the mining boom wages rose, people could borrow more so they paid more, bit of a ponzi scheme IMO.
It had to implode sometime, the elastic band can only stretch so far.
Those who didn't jump on board, will do o.k, my oldest son is looking at buying 100acres the price has halved.
I will be able to chase the grandkids around on one of the quads.
It is in the S/W about 200k's South of Perth, farming land, paddock, trees, dams etc, the son want to try the self sufficiency gig lol.100 acre? cool.Any trees and grass on the lot, or just sand?
It is in the S/W about 200k's South of Perth, farming land, paddock, trees, dams etc, the son want to try the self sufficiency gig lol.
There is plenty of work down there, and it is closer than the Goldfields, so easier for us to visit.
That's down somewhere near Busselton then?It is in the S/W about 200k's South of Perth
Inland near Donnybrook, close to gnomesville. LolThat's down somewhere near Busselton then?
Well that's better then.Inland near Donnybrook, close to gnomesville.
Funnily enough these companies are the ones who have to lift wages, so the worker can generate some retail growth, just shows how much manure we really are in.IMOConstruction industry in crisis nation-wide.
https://www.abc.net.au/news/2018-12...re-a-construction-industry-in-crisis/10638228
There's a clearance sale of remaining stock about to get underway apparently.Ed Harry the menswear store, sounds as though it has bitten the dust.
I'm really getting an uneasy feeling, hope I'm wrong.There's a clearance sale of remaining stock about to get underway apparently.
It's a national chain I think. Well they're in a few states at least, it's not just some small operation.
I'm really getting an uneasy feeling, hope I'm wrong.
I hope not, but I think a reality check is on the cards, the underlying current I'm feeling is people are nervous and comfort food is doing o.kNa, your guts might be right this time Homer. Big time
We're about to be properly stuffed.
With protests almost everywhere... the coming crash should lit up a few places ey.
I like this bit: The engineers concluded that a "progressive build-up of load on the structure as [the] apartments became occupied" also culminated with the crack at level 10.Disturbing report of poor design and inferior materials used in Opal Tower.
https://www.abc.net.au/news/2019-01...gation-what-the-report-actually-says/10717830
That's if it doesn't use alucobest cladding. Stand by for the weight restrictions for new tenants
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