Demand driven Supply issue. Limit immigration under 100K per year and see what happens. Prices down down........We need an infrastructure and services PLAN before we crush load 'the lucky country'. Here's the other thing....... You have to stay solvent even when prices are high. many people losing their jobs right now. That leads to family stress, crime increases, community issues and a sense of NOT looking after each other.
People are investing in property like any other asset classes. In Australia, we have approximately 5/6% returns in property investments. If someone purchase a property today for 1mil, should expect at least an average 5% return in equity which is 50k. Some people prefer to invest in alternative assets class like shares etc. Some people like to diversify. Therefore, prices shouldn’t be stagnant. If the rate of returns diminishes then investors will be reluctant to invest in property market. Therefore, prices needed to go up and will go up. This is basic economics 101. Like it or not, Sydney is becoming more like a premium markets similar to some parts of USA. People have to make substantial investments in order to secure a decent parcel of land. This is the reality.
Let us know if you see any nice villas in Bali and what they are going for. It'd be great to make a comparison between what you can get in Bali and what you can get in Australia
Didn't buy what? As if there's a one size fits all when it comes to a property increasing in value. The wrong property purchase can and does LOSE people money.
I owned a house close to Brisbane city for 10 years, until 2017. After factoring for inflation (target is between 2 to 3 percent), I actually lost money on the sale. And that was even before I paid the RE selling fee.
like panos said the people that run this city can't afford to buy its not sustainable....I believe we will be going into a massive financial crisis by 2026/2027.
Demand driven Supply issue. Limit immigration under 100K per year and see what happens. Prices down down........We need an infrastructure and services PLAN before we crush load 'the lucky country'. Here's the other thing....... You have to stay solvent even when prices are high. many people losing their jobs right now. That leads to family stress, crime increases, community issues and a sense of NOT looking after each other.
its the real estate extraordinaire
I'm mates with Mark bouris I'd love to meet u one day
Try the fire & ice Experience ❤
People are investing in property like any other asset classes. In Australia, we have approximately 5/6% returns in property investments. If someone purchase a property today for 1mil, should expect at least an average 5% return in equity which is 50k. Some people prefer to invest in alternative assets class like shares etc. Some people like to diversify. Therefore, prices shouldn’t be stagnant. If the rate of returns diminishes then investors will be reluctant to invest in property market. Therefore, prices needed to go up and will go up. This is basic economics 101.
Like it or not, Sydney is becoming more like a premium markets similar to some parts of USA. People have to make substantial investments in order to secure a decent parcel of land. This is the reality.
What about fear of going broke?
Tell them to come to Tasmania plenty of available properties here.
Migration issue is actually insane, goverment needs to make big changes
you're a one trick pony mate
Let us know if you see any nice villas in Bali and what they are going for. It'd be great to make a comparison between what you can get in Bali and what you can get in Australia
"Almost unlivable" is overstating the case by a considerable degree. It's still better here than 99% of other countries on earth.
Is it worth getting an investment property in Victoria ??
Politicians set the laws.
Immigration is not the issue
It’s local council stopping freedom for people to just build houses
- MANY HANDS, make light work
looks like a holiday.. hope you're not claiming this on tax mate
In ten years time everyone will be crying they didn't buy.
Didn't buy what? As if there's a one size fits all when it comes to a property increasing in value. The wrong property purchase can and does LOSE people money.
I owned a house close to Brisbane city for 10 years, until 2017. After factoring for inflation (target is between 2 to 3 percent), I actually lost money on the sale. And that was even before I paid the RE selling fee.
like panos said the people that run this city can't afford to buy its not sustainable....I believe we will be going into a massive financial crisis by 2026/2027.
@@markanthony2682 Stagflation is the norm for the next years