The future of Australian property prices

[Knobby22]

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

​

New Yotk, London. Vancouver. All cheaper.

 

[JohnDe]

New Yotk, London. Vancouver. All cheaper.

Yes, they don’t have the same causes that our governments have created, including lack of industry to invest in -

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.

 

[Knobby22]

Yes, they don’t have the same causes that our governments have created, including lack of industry to invest in -

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.

Agreed. Out tax system and lack of policy encourages investment in housing above investment in industry, except maybe mining.

 

[qldfrog]

A few thoughts.
When the super tax on unrealised capital gains needs to be paid by these horrible rich boomers, in the next 2 years, can we not expect a flood of service stations, warehouse units and farms for sales, with few takers...
Sad but could be a few bargains around

 

[Knobby22]

A few thoughts.
When the super tax on unrealised capital gains needs to be paid by these horrible rich boomers, in the next 2 years, can we not expect a flood of service stations, warehouse units and farms for sales, with few takers...
Sad but could be a few bargains around

No, it won't make any difference.
It still is cheaper to keep in super than out of it. And a lot of the property is in family trusts which are unaffected in any case.

The problem is what John said. People invest in property first instead of enterprise.

 

[qldfrog]

Interesting IMHO
Interpretation up to you but data is there

Why Queenslanders might start moving to Victoria

Over recent years, Queensland has experienced a large inflow of residents from other states. Between Q1 2020 and Q3 2024, 168,500 residents from other states relocated to Queensland. Many of these residents came from Victoria, which lost 55,400 net residents over the same period. The surge in...

www.macrobusiness.com.au

 

[sptrawler]

No, it won't make any difference.
It still is cheaper to keep in super than out of it. And a lot of the property is in family trusts which are unaffected in any case.

The problem is what John said. People invest in property first instead of enterprise.

That's exactly what Government want, property is currently the only Government quaranteed investment and in the last two years they have made it too big to fail.
Where IFocus and I live prices have pretty well doubled in two years, if this bubble bursts, it will be one hell of a mess IMO.

 

[qldfrog]

That's exactly what Government want, property is currently the only Government quaranteed investment and in the last two years they have made it too big to fail.
Where IFocus and I live prices have pretty well doubled in two years, if this bubble bursts, it will be one hell of a mess IMO.

Some Sydney areas are down 15% from peak which is roughly similar to the Noosa hinterland fall.
You can not have a collapsing economy and a booming real estate market unless external entrants
I somewhat doubt Chinese are still queueing to buy here.
And if they do, they are really dumb risking such a big unknown as gov extra taxes, mandates or asset seizing in case of conflicts.
Added :
I use collapsing economy due to the last 10y GDP per habitant.
This is not a recession , much bigger deeper and structural

 

[JohnDe]

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.

 

[qldfrog]

View attachment 201885

And obviously taxes just in case you fo not fail

 

[Bailxtrader]

Late Mail...It must most certainly depend on were you are. This just came in... Hate to see it in ten years time when were all broke?

Beyond that, traders will mull over how they feel about fresh housing price forecasts this morning: Property prices have been tipped to jump again in the next 12 months, with Sydney, +7%, and Melbourne, +6%, to balloon most.

 

[mullokintyre]

Late Mail...It must most certainly depend on were you are. This just came in... Hate to see it in ten years time when were all broke?

Beyond that, traders will mull over how they feel about fresh housing price forecasts this morning: Property prices have been tipped to jump again in the next 12 months, with Sydney, +7%, and Melbourne, +6%, to balloon most.

There is property and then there is units.
From Evil Murdoch Press





Mick

 

[TimeISmoney]

Check this out!

 

[SirRumpole]

Here we go again.

Investors rule in NT as more people squeezed out of affordable housing.

Interstate investors swarm NT homes, shutting out locals and raising rents

Interstate investors are targeting homes across the Northern Territory and buying them up hours before they hit the market, as recent data shows Darwin has the tightest rental market in the country.

www.abc.net.au

 

[TimeISmoney]

Here we go again.

Investors rule in NT as more people squeezed out of affordable housing.

Interstate investors swarm NT homes, shutting out locals and raising rents

Interstate investors are targeting homes across the Northern Territory and buying them up hours before they hit the market, as recent data shows Darwin has the tightest rental market in the country.

www.abc.net.au

Yeah, they just go state to state until they max out all their credit.

I see the slime bag posts on the property forums asking how to extend their credit lines with debt recycling.

 

[wayneL]

This might be interesting.

 

[qldfrog]

This might be interesting.

As cruising across new zealand, feel lucky to be in Australia
Prices here are shocking
Remote lost places on small blocks, and very european styled houses cramped shitty dumps IMHO are at the same price as our sunny coast places.
Truly incredibly expensive ....
And remember that NZ salaries are nowhere near Aussies.
Obviously the local left is blaming the current liberals forgetting years of wef woke Jacinta and associated migration numbers
Does that sounds similar?

 

[wayneL]

As cruising across new zealand, feel lucky to be in Australia
Prices here are shocking
Remote lost places on small blocks, and very european styled houses cramped shitty dumps IMHO are at the same price as our sunny coast places.
Truly incredibly expensive ....
And remember that NZ salaries are nowhere near Aussies.
Obviously the local left is blaming the current liberals forgetting years of wef woke Jacinta and associated migration numbers
Does that sounds similar?

I don't think I can watch the Fabian's presentation, even if it contains some truth, because there will definitely be a socialist agenda. But if one can avoid dry wretching, it will give us the thinking from their WEF think tank point of view.

 

[wayneL]

As cruising across new zealand, feel lucky to be in Australia
Prices here are shocking
Remote lost places on small blocks, and very european styled houses cramped shitty dumps IMHO are at the same price as our sunny coast places.
Truly incredibly expensive ....
And remember that NZ salaries are nowhere near Aussies.
Obviously the local left is blaming the current liberals forgetting years of wef woke Jacinta and associated migration numbers
Does that sounds similar?

Of note, New Zealand property prices going back 20 or 30 years were massively cheaper than Australia, FWIW.

 

[qldfrog]

Just read that, https://www.news.com.au/finance/rea...e/news-story/cbd8c4209d4dd39bec3d8ef99eb48774
I do not know if it was even worse than now, as current prices are pretty crazy there