Did you not run a story not even 3 hours ago reporting landlords were dropping investment properties because of mortgage costs. Now it's a landlords market. Which one is it???
There is no incentive to be a landlord now....they have no rights over their own property, and its not worth the money or hassle. Less landlords equals less rental properties, and this creates higher rents.
Actually, if you have been to any rental house inspections, there are only a few people looking at $8-900 a week houses and tonnes looking at $600 a week houses, they're still heaps needing homes, they just cant afford them.....
An out of control housing market in a country with no industry that relies and lives on selling raw materials and fossil fuel is like standing on thin ice.
Why can overseas investors buy property and leave it vacant. S study in Melbourne CBD last year 80% tower blocks vacant, how do they know, no water connection
Property prices are high but interest rate are high too. So,it makes sense to sell and lock in the profits. Let’s hope that interest rate comes down soon. USA is expecting a recession in 2026/7. So, sell high buy low.
Good luck trying to time the market here. I've been hearing that it has to crash for years and thought the same thing many times. Hasn't happened yet and all that's really happened is that cities/states that have been traditionally cheaper have now caught up to, or almost, the most expensive cities.
@@oldbloke204 I would never sell the Sydney market as the fundamentals are so strong. But nevertheless…..all things must come to an end or pause. All bull run must end or pause as ( if not ) it would be so unaffordable that any government would be thrown out. The noise would be unbearable….. I think the rate of increase would slow down and grind to a slo Mo allowing affordability to catch up.
@@Hunty49 that doesn't mean it needs to go back to 7-8%. House prices have more than doubled since 2008, it will bankrupt everyone with a mortgage and businesses.
@@sensaznal High interest rates usually mean the economy is doing good. When it drops, like it did during Covid to 0.2%, it was because the economy was prediction to crash, so they did it pre-preemptively. It was the wrong move and over cooked the economy pumping too much money with easy lending.
The Australian property market is a true disgrace.
If you don't live in Australia you shouldn't be Able to buy one here
Totally disagree I know a lot of aussies who own homes in uk and France for eg
@@jemma_19988 Don't care Scag and learn to capitalise Aussie.
Did you not run a story not even 3 hours ago reporting landlords were dropping investment properties because of mortgage costs.
Now it's a landlords market.
Which one is it???
There is no incentive to be a landlord now....they have no rights over their own property, and its not worth the money or hassle. Less landlords equals less rental properties, and this creates higher rents.
If you are not a second /third generation Aussie with parents with a house you are doomed in Australia! 🇦🇺
Or if your parents were third generation deadbeats
Actually, if you have been to any rental house inspections, there are only a few people looking at $8-900 a week houses and tonnes looking at $600 a week houses, they're still heaps needing homes, they just cant afford them.....
No one blamed Landlords when vacancies were plentiful and rents were low because supply outweighed demand.
True but now Oz flooded with third world migrants
An out of control housing market in a country with no industry that relies and lives on selling raw materials and fossil fuel is like standing on thin ice.
Why can overseas investors buy property and leave it vacant. S study in Melbourne CBD last year 80% tower blocks vacant, how do they know, no water connection
Great market for China and India.They have enough investors to buy every house in Australia 10 times over. Let’s Go Albo
Can you imagine the number of people associated with the real estate industry in Australia who are nervous about a market downturn?
Don't get too excited
. The property market is going down like a Japanese Zero 😅😅
Property prices are high but interest rate are high too.
So,it makes sense to sell and lock in the profits.
Let’s hope that interest rate comes down soon.
USA is expecting a recession in 2026/7.
So, sell high buy low.
The interest rates aren't high. They were 6-7% in 2008. This is still low.
Good luck trying to time the market here.
I've been hearing that it has to crash for years and thought the same thing many times.
Hasn't happened yet and all that's really happened is that cities/states that have been traditionally cheaper have now caught up to, or almost, the most expensive cities.
@@oldbloke204
I would never sell the Sydney market as the fundamentals are so strong.
But nevertheless…..all things must come to an end or pause.
All bull run must end or pause as ( if not ) it would be so unaffordable that any government would be thrown out.
The noise would be unbearable…..
I think the rate of increase would slow down and grind to a slo Mo allowing affordability to catch up.
@@Hunty49 that doesn't mean it needs to go back to 7-8%.
House prices have more than doubled since 2008, it will bankrupt everyone with a mortgage and businesses.
@@sensaznal High interest rates usually mean the economy is doing good. When it drops, like it did during Covid to 0.2%, it was because the economy was prediction to crash, so they did it pre-preemptively. It was the wrong move and over cooked the economy pumping too much money with easy lending.
Those up to their neck in debt are selling.......🥵
😆😆😆.....
Are you having another sad, lonely miserable day dunnyboy?
Miserable Old Fart.