The cost associated with owning a property has also skyrocketed and will continue to skyrocket. Good luck paying a mortgage and on going cost. Inflation is not the price of goods going up, it’s your $ loosing purchasing power and loosing it fast.
The Australian Government, both federal and state, needs to stop propping up the residential real estate market. More needs to be done to increase the supply of housing along with stopping the unsustainable and irresponsible immigration policy our Government has taken upon itself to implement.
So the alternative is to destroy the value of the Australian $. Either way, Australians that are in debt and holding cash will be left holding the bag. I’ve seen this play out in history a few times, it ain’t going to be pretty
it will continue until it falls apart at the seems. there have been times in history where the gap between the rich and the poor are much larger than now. we can only hope that when things fall apart we organise ourselves in a way that bridges the gap.
I’m surprised no one is catching on how fast the Australian $ is loosing value. It’s not price of everything going up it’s the $ loosing purchasing fast. I wouldn’t want to be in debt or holding large amounts of $. I strongly advise to do your research folks, especially if you are or want to become an owner occupier
We can't guarantee that will be soon even though it feels close. In 1971 there would have been people saying this fake money system can only last 10 years. Having said that I'm not exactly drowning in debt because as you say I dont want to be left holding the bag.
The fact is, wages cant possibly keep up, at some point, house prices will be so high, that theb9nly people who can buy are investors with multiple houses, they will need to rent them to make any return, so rent will exceed average income so greatly that we will have millions of homeless working people.
They won't be able to keep a job homeless, so the immigrants take the jobs who are able to buy with cash or pay a mortgage. If people want to see where Australia is heading look at the UK and America.
There just has to be a point where it can't keep going. At 31 I've seen nothing but the goal posts get completely smashed and it just doesn't make sense that it has even come to this point. The amount of damage to productivity by pinning the economy on housing can't logically be infinite.
Unfortunately, we are going nowhere mate! Instead of encouraging people to make a future through sustainable development, innovation, and hard work, we skyrocket debt eat even the leftovers from our plates, and leave nothing for the next generation. Shame on us!
Mass immigration +Help to buy + rental housing crisis + rate cut last quarter 2024 = I bought now because that equation can only mean one thing "Even more ridiculous house price increases"
Here’s what to do! Buy the most expensive property you can. Max out the credit. Sell after 12 months. Pocket the 40% and go buy a cheap property with the 40% with a much smaller loan and repayments. More equity in your property 😂 Your 2% deposit will cover agent sell fees, 40% will cover stamp duty and and possibly 80% of value in the next cheaper property Do the math folks
Negative gearing, foreign ownership and excess immigration are the things that need to be looked at.
The cost associated with owning a property has also skyrocketed and will continue to skyrocket. Good luck paying a mortgage and on going cost. Inflation is not the price of goods going up, it’s your $ loosing purchasing power and loosing it fast.
The Australian Government, both federal and state, needs to stop propping up the residential real estate market. More needs to be done to increase the supply of housing along with stopping the unsustainable and irresponsible immigration policy our Government has taken upon itself to implement.
So the alternative is to destroy the value of the Australian $.
Either way, Australians that are in debt and holding cash will be left holding the bag. I’ve seen this play out in history a few times, it ain’t going to be pretty
it will continue until it falls apart at the seems. there have been times in history where the gap between the rich and the poor are much larger than now. we can only hope that when things fall apart we organise ourselves in a way that bridges the gap.
Agree. But they won’t. As I said on my comment, it’s a ponzi. And most people are in it.
I’m surprised no one is catching on how fast the Australian $ is loosing value. It’s not price of everything going up it’s the $ loosing purchasing fast. I wouldn’t want to be in debt or holding large amounts of $. I strongly advise to do your research folks, especially if you are or want to become an owner occupier
What do think will happen when the majority loses confidence in the $. Don’t be left holding the bag.
We can't guarantee that will be soon even though it feels close. In 1971 there would have been people saying this fake money system can only last 10 years.
Having said that I'm not exactly drowning in debt because as you say I dont want to be left holding the bag.
The fact is, wages cant possibly keep up, at some point, house prices will be so high, that theb9nly people who can buy are investors with multiple houses, they will need to rent them to make any return, so rent will exceed average income so greatly that we will have millions of homeless working people.
They won't be able to keep a job homeless, so the immigrants take the jobs who are able to buy with cash or pay a mortgage. If people want to see where Australia is heading look at the UK and America.
There just has to be a point where it can't keep going. At 31 I've seen nothing but the goal posts get completely smashed and it just doesn't make sense that it has even come to this point. The amount of damage to productivity by pinning the economy on housing can't logically be infinite.
Unfortunately, we are going nowhere mate! Instead of encouraging people to make a future through sustainable development, innovation, and hard work, we skyrocket debt eat even the leftovers from our plates, and leave nothing for the next generation. Shame on us!
you hit the nail on the head.
Mass immigration +Help to buy + rental housing crisis + rate cut last quarter 2024 = I bought now because that equation can only mean one thing "Even more ridiculous house price increases"
Redgate, cmon, fuel a crash if youre so wise, stand waiting to catch the ball if youre so sure.
A correction is due, but be ready and not a permabear.
Government should start shared equity scheme for investors too😂
Anyone thinking interest rates will go down may want to think again
More poor quality builds coming your way
Wonder why housing and fuel is not included in CPI
Here’s what to do!
Buy the most expensive property you can. Max out the credit. Sell after 12 months. Pocket the 40% and go buy a cheap property with the 40% with a much smaller loan and repayments. More equity in your property 😂
Your 2% deposit will cover agent sell fees, 40% will cover stamp duty and and possibly 80% of value in the next cheaper property
Do the math folks
It isn't a good idea.... 2% deposit = Bigger loan needed = More interest
Does the government own 40% equity?
Do you need permission from the government to alter the property?
Yes and yes. It's almost communism. isnt it?
Higher council rates come your way
Can the owner sell after 12 months and pocket the 40%
What can go wrong 😂