The Housing Market Sheep And Goats (Which Are You?)
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- Опубліковано 8 чер 2024
- Data from my surveys, as discussed this past week, along with other market data shows we have a very divided housing market, with on one side of the ledger many households under significant pressure and begin forced to sell up, while watching their property values slide, while on the other side property investors are still piling in competing with owner occupied buyers, especially at the lower end of the market and bidding prices higher. Actually of course there are many micro markets across the country, and so any headline “data” on rises or falls mask important differences. Housing isn’t just the great Australian barbecue-stopper. It’s our greatest pain point, too. All this only days after Australia’s GDP figures grew at the lowest rate in three decades, excluding the COVID-19 pandemic, and as traders push out rate cut expectations well into next year.
So today I will be looking at the latest signals from the data relating to mortgage prisoners, forced sales, credit growth and investor activity, to provide context for the misleading headlines we see on the property portals.
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Something has to give at some point
House of cards
I am looking to buy but there are not many good options available for buyers .
So true - lots of asbestos filled, C grade, ex investment properties. No thanks.
2 bedroom house here in the southern highlands just on the outskirts of Sydney. 1100sm for 620,000-650,000. Old cottage but I believe it would be better built than new houses. I did this 3 years ago and bought on 800m2 for 530k. I'm wanting to have a closer look at this property.
Changes to Capital gains as fro. 1 July is reason investors are buying now . An important point.
Remove negative gearing arrangements for residential property purchased after 1 July 2024, with homes purchased prior to this date to be grandfathered under existing negative gearing arrangements.23 Apr 2024
I'm neither a sheep or a goat... But a stray cat 😢
🤣
Ha! Nice 😆
Don’t think Brendan is happy about that 🙃
Hey I am sitting in the fence or chopping block. If I can get a property [I could imagine living in] and can buy it low and earn rental income, I am up for it!
That’s the thing….. rent investing is the only way forward. Take a 5 to 10 year view that in that period you’ll move in Anda large chunk of debt repaid by the tenants by the time you move in. Otherwise why be a highly indebted owner occ - no benefit to paying out a high percentage of net income for a roof over your head !
Great presentation
Thank you!
3 pending sales in 3 months and the house across the street is back on market at $360k. appears the roof is the issue but owner already dropped it $15k after the first week on the market.
Sun of June · Rikard From
Some one said get a goat upya but honestly martin , I prefer marino woo.
I'm a sloth, not even close to being in the market
who did you vote ? why you still renting
Double digit rates will nail their hats on.
We need deflatuon in this country to bring us back to housing affordability.
0.1% growth in Australia in the last 3 months.
Supply and demand. If there’s not enough houses and the population keeps going up then so will house prices
House prices haven’t risen here in central Vic, spoke to an agent who said things have dropped off, less buyers , plenty of homes but generally rubbish stock.
🙂
Sheep
Bloody bewdy!!!! Bring in a lot more people; keep the wildly negative RAT interest rates; more government spending; we're all gonna be rich I tells ye! Rich!!!
Immigration is not going to slow..
We'll see what unemployment does. That could climb very rapidly.
Neither is inflation ❤
@@bradg7701 many positions have well over 100 applicants, so this immigration needs to stop.
north bondi 3 bed home on 250sqm block sold 5.95 million / 417sqm block 10.7 million
500sqm block 3 bed sold in valcluse 10.5 million
i paid $38 a steak & prawn pizza in Manly yesterday
So, in your opinion, what would help to ease the property madness? 🫠🙃🫠
Nuclear war
That would certainly be one way .. 🙃@@InfinityIsland2203
@@InfinityIsland2203nukes do not exist
Share market down quickly over fifteen %.
@InfinityIsland2203 Is that you Brandon?