The future of Australian property prices

[qldfrog]

Following a chat about rba rates
Searching for units in Brisbane area: 2 bedrooms plus, below $475k



They exists.

 

[sptrawler]

Following a chat about rba rates
Searching for units in Brisbane area: 2 bedrooms plus, below $475k
View attachment 199833

View attachment 199834
They exists.

The lucky country.

Where you have a future.

Just bring in another 5 million, to help build social housing homes for those who can't afford one, while those who are working don't qualify for one.

The lucky country.

 

[qldfrog]

The lucky country.

Where you have a future.

Just bring in another 5 million, to help build social housing homes for those who can't afford one, while those who are working don't qualify for one.

The lucky country.

Look, i truly believe we are f***ed but the problem is not too expensive RE.
RE issue is just a consequence of irrelevant migration, stupid economics and policies, a country going downhill and money grab from all gov levels

 

[divs4ever]

Look, i truly believe we are f***ed but the problem is not too expensive RE.
RE issue is just a consequence of irrelevant migration, stupid economics and policies, a country going downhill and money grab from all gov levels

but , but they need to grab that money to prop up the RE market ( a real clown cluster )

 

[TimeISmoney]

 

[sptrawler]

View attachment 200191

The ponzi will keep going, until everyone's credit is maxed out, then the catch cry will be " who the hell let this happen"?

Then the Government will have a Royal Commission into the banks, for lending to those who can't afford it, wash, rinse, repeat.

From Google:

Can I buy a house with a 5% deposit in Australia?

The Home Guarantee Scheme

Eligible buyers can purchase or build a new home with a deposit of as little as 5%, or as little as 2% for eligible single parents, without the need for lenders' mortgage insurance. Learn more about the Home Guarantee Scheme at the National Housing Finance and Investment Corporation.

 

[TimeISmoney]

The ponzi will keep going, until everyone's credit is maxed out, then the catch cry will be " who the hell let this happen"?

Then the Government will have a Royal Commission into the banks, for lending to those who can't afford it, wash, rinse, repeat.

The Govt is probably wiping its hands together, counting the land tax and land rate increases.

The exotic fees for land divisions that they charge developers.

 

[sptrawler]

The Govt is probably wiping its hands together, counting the land tax and land rate increases.

The exotic fees for land divisions that they charge developers.


View attachment 200195

Yes then when the loan defaults start pouring in, open the immigration gates to pick up the slack.

 

[macca]

Yes then when the loan defaults start pouring in, open the immigration gates to pick up the slack.

Waddya mean open? the gates have been wide apart for years

Too bad we can't get more tradies in the rush, perhaps we could actually pick and choose those we want to come here.

Maybe then we could get some people who work to build things rather tear them apart

 

[sptrawler]

Waddya mean open? the gates have been wide apart for years

Too bad we can't get more tradies in the rush, perhaps we could actually pick and choose those we want to come here.

Maybe then we could get some people who work to build things rather tear them apart

Really? have you been to some of these countries and seen the buildings and wiring.

 

[wayneL]

Really? have you been to some of these countries and seen the buildings and wiring.

No worse than here TBH

 

[sptrawler]

No worse than here TBH

It's certainly heading that way. Lol

 

[divs4ever]

Really? have you been to some of these countries and seen the buildings and wiring.

worse i have been to Australia ( and done some time doing 'hand-over cleans ' to the NEW buyers )

and had an assortment of contractors/sub-contractors doing repairs/renovation to a house where i was formerly living ( those were NOT all migrant workers/tradies , but many may as well been apes )

 

[rolly1]

worse i have been to Australia ( and done some time doing 'hand-over cleans ' to the NEW buyers )

and had an assortment of contractors/sub-contractors doing repairs/renovation to a house where i was formerly living ( those were NOT all migrant workers/tradies , but many may as well been apes )

LOL we may be apes but we are still getting over $100/hour and still have plenty of time for trading boosting that figure up

 

[sptrawler]

LOL we may be apes but we are still getting over $100/hour and still have plenty of time for trading boosting that figure up

Can't argue with that. Lol

 

[Knobby22]

Sydney is now the most expensive, least affordable place to buy property in the world!
Hong Kong is top no longer.

 

[JohnDe]

Sydney is now the most expensive, least affordable place to buy property in the world!
Hong Kong is top no longer.

It was just a matter of time. Taxes and levies keep rising, availability of land is reduced, costs of everything including energy are high and keep getting higher, builders are forced to compete against government projects for trade peoples, monetary policy during Covid pumping ridiculous amounts of cash into the economy, international and domestic superannuation funds are buying up property at any price because of lack and fear of investment in industries, and on the list goes.

It’s called inflation.

 

[divs4ever]

LOL we may be apes but we are still getting over $100/hour and still have plenty of time for trading boosting that figure up

some were imported apes to boot , but fortunately some of those imported workers still had values i could admire and respect

fancy your NBN sub-contractor that came from Liberia and FINALLY solved the issue ( after five others failing to do so )

a painter that was qualified as a Polish civil engineer , an English electrician that understood what rubber grommets do ( where 4 other repairers didn't even notice they were missing )

all i can say is thank goodness Australia doesn't manufacture large aircraft

 

[Knobby22]

It was just a matter of time. Taxes and levies keep rising, availability of land is reduced, costs of everything including energy are high and keep getting higher, builders are forced to compete against government projects for trade peoples, monetary policy during Covid pumping ridiculous amounts of cash into the economy, international and domestic superannuation funds are buying up property at any price because of lack and fear of investment in industries, and on the list goes.

It’s called inflation.

It's not only inflation. It's political policies also.

It's a bit ridiculous that property is more expensive than in any other place on earth.

 

[JohnDe]

It's not only inflation. It's political policies also.

It's a bit ridiculous that property is more expensive than in any other place on earth.

It’s inflation, caused by the examples I gave.

Inflation is an increase in the level of prices of the goods and services that households typically buy. A powerful lesson from history is that low and stable inflation is a prerequisite for a strong economy and sustained full employment and growth in real wages.​

Inflation Overview

www.rba.gov.au

​