Australian house prices cycle through their '17th consecutive month of growth'
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- Опубліковано 30 тра 2024
- REA Group Senior Economist Eleanor Creagh discusses the “rise” in house prices within Australia.
Last month, Australian house prices hit a new record high, with capital cities leading the way.
“We’ve seen that national home prices have now cycled through their 17th consecutive month of growth,” Ms Creagh told Sky News Australia.
“That brings home prices up around seven per cent on this time last year.
“All capital cities saw a rise in May with the exception of Hobart and Canberra.”
So the increase in the price of food is "inflation," but an increased price in housing is "growth?" The whole world is delusional.
New data released Tuesday revealed the total number of properties listed for rent plummeted by about 22 per cent over the last year to hit a new low. This occurred while high population growth continued to drive stronger demand, creating tough conditions for renters , a.b.c inform us, we need to share our house with strangers to ease the burden on new Australia , This wouldn’t be propaganda do you think? Would it?
@@mylimomelbourne4757 ROFLMAO As an American, I must ask: Do you feel safer, now that they took you rguns?
Because your houses are next. 😈
Growth in bank profits from debt slaves, 60% 2 peoples sweat equity to keep a roof over their head.
Not so much in Victoria thanks to incompetent government who has vic at record debt and the highest in the country astronomical land taxes are driving investors and landlords out having a negative effect on the rental market and businesses outstanding work from the Dan Allen government Labor sure knows how to make hard-working taxpayers suffer?...
Post pandemic population growth, how many of these booma's we're flown in from You ES of A open border overflow..?
Why is she so happy???
People have become so uncared. No one understands the poor people's situation.
because the houses are being sold to people not living in Australia , not paying Australian interest rates and cost of living .
😂😂😂
Bro tried hard to cope 😂
Chinese right?
You can no longer buy a home, you have to rent.
"You'll own nothing and be happy."
~ Klaus Schwab WEF
Plz sir may I have some more?
Mooooore you say !?
~oliver twist
@@davidstyles1654 perfect analogy
Not sure why she is smiling. This is terrible news
She probably owns several properties
She is super proud of how well she can BS
She's part of the property industry, it's all good news for them
You vill owenz nutzink, unt ve vill be ghappy..!
👉😷💉
It is. I don't understand why an essential human need becoming so expensive, is seen as good news?
Well what do you expect shipping in 1.2 million people in 2 years
Strong, growth are not the words to be used in this situation. This is a national tragedy, please present it with a smile. Two classes of people: slaves & landlords
14% can afford a home now. Rents rising at the same rate. 2 years and half the population will be homeless.
Why is it so? a.b.c inform us we need to share our house with strangers to ease the burden of new Australians
Not sure about Australia but in the US there are many corporate entities buying up low, middle, even high end properties for rental purposes only. You will own nuttin and be happy, eat zee bugs. 😢
Nom Nom Nom
I am the cricket cookie monster!!
Yes business buying the big corporate ones saying they need staff accommodation great incentives and offsets especially if you import an immigrant team of so called essential workers who can import their extended family after 30 days. Reshemes provided bogas skills experience and qualifications they arrive and have no idea.
Eat ze bugs and enjoy 😂
Glad you raised that point. I have heard of this in the US, like large suburbs owned by corporate entities. That is a disturbing trend. Allows for a price fixing type of strategy to occurr as I see it. I am not aware of this in Aus but I guess this would be a situation that would occur in some high rise building situations with units.
The world has went crazy.
has went?? What kind of English is that??😅
@@carlbryson924 go get Mommy to help you read
THE DUPER'S GRIN TELLS US HOW TRUE THIS STORY IS
This is a false flag. Speaking to Agents while in the process of buying and selling, they claim a stagnant sales market with possible price reductions. I am looking at the lower north Coast NSW, Blue Mountains, Canberra and South Coast NSW. Sales have slumped while interest rates look to go up again due to Government led inflation. I get the impression Bargain hunters are the only ones looking to but as prices fall. As usual, the REA is trying to push the market as agents are struggling.
That is good news for multiple home owners like me who own 8 houses out right.
Good for you. I have five properties but I can say it’s only good if it’s money in your pocket or, you move overseas to a much cheaper country and live off your Australian rents over there.
to Hypervaccinated - i hope those vaccines do their job on you.
Negative gearing should never have been allowed
If you go forward you need to be able to put it in reverse. We need negative gearing.
Why?
I do believe a person should only be permitted to use one investment house to negative gear, otherwise it’s a good tax offset and creates rentals
Stop negative gearing. Stop people investing in Rental properties. That is the best solution we can ever have. Why should anyone buy properties for other people to live in. Most stupid idea ever. Tenants should be non existent. Everyone should buy there own property and stay in one place rather than be able to move to a new area when their 12 months is up or earlier. Everyone should take responsibility for housing themselves, whatever the cost.
@@donaldwayne4219
Yes & no, it's the duty of a constitutional government to provide affordable housing and cost friendly living for all whom exist upon their land, abolish; "taxation without representation"..!
🫵😇👍
@@donaldwayne4219 too late its been happening for 40 years. the cake is cooked
Worldwide housing have become more expensive and less avaíable .
In Australia
Politicians want investors to put their money into housing. Then the banks and useless politicians squeeze them like lemons and blame them for high rents when bank rates and taxes keep rising.
Houses are not like mushrooms to grow
everywhere by magic.
Building new homes all the time means you need many billions, you need many construction companies, you need many builders and workers, you need land, you need more infrastructure, you need more transportation, you need more schools, you need more malls, you need more clinics, and obviously, it is not possible to build everything near the city. Where is the CBD ,where are all the entertainment and employment possibilities. But we have to expand too far and obviously also destroy the natural environment. Politicians need to stop using people , as if we were a mindless herd. Because if the problem had an easy solution. They would have solved it already. Simply
they plan to build high-density shoebox-like structures to push inside the herd .
So the 'own your home' scam continues.
So, where is all the money coming from? There just seems to be an unlimited supply of buyers able to pay these prices. I don't get it?
We're supposed to have this 'cost of living crisis'.
pretty sure higher prices make it harder to get a house, though clearly the rich are more concerned on making everything get fucked up. like usual.
Asia people from china 1% interest rates but will pay 7% no mention of this huh
Welcome to Australia's Tent City thanks Albo 😢
Well said. Labor and greens must go.!!!!!!
Not to mention the dozens of building companies taking deposits and leaving partially built houses , because the have gone into receivership. You think this doesnt put people off building new. 😂😂😂😂
She’s happy bc she’s probably got 3 investment properties and she’s laughing. We’re never gonna get a damn thing.
Advertorial for real estate industry. It's not really what's happening.
Yet selling rates are low . Real clearance rates are really below 50 percent. Not everybody is getting high prices or able to afford to get loans for ridiculously high prices.
CYCLED? I dont think that word means what you think it means.
Pulling up the ladder behind you. Sorry, not sorry.
18 Harney St Marrickville sold for $4280500
349 Livingstine Rd Marrickville $4375000.
65 Neville St $4.9 millions.
71 Yarram St. Land only $1.95 million
That's a tasty meatball !
Mwahh !
Sell all public housing houses in whalan and emerton and lethbridge park and use the money to build apartments 100 metres in the air like every other country
Wonder who's paying these high prices??? Agents for Blackrock have a lot of debt notes
It's driven by greed. That's all? It is the rich people want more. Money so raising the prices of everything nothing has to be this expensive.
KOJONUP WESTERN AUSTRALIA PROPERTY UNDER $150K
So Labor is for the battlers. Keep battling you little battlers.
People forget that if you do not invest now or have a home you will be more or less locked out of home ownership or investment inter generational wealth forever. Australia will continue to be the most ATTRACTIVE Country in the WORLD and will continue to grow. As the USA, Europe, UK will fall behind due to social unrest, weak currency, higher inflation, growing tensions between different races and cultures, the affluent classes as well as refugees will look toward the NEW World that is Australia. With a world class leading emphasis on mixed cultures, unbeatable property growth, good education within some public and private schools, better lifestyle, and transfer of wealth from parents to siblings
Let hope the Government now and in the future makes a fair society for all Classes in the future not just for the investors and the affluent classes….
What hope does any young couple have of getting a home of their own?
5% deposit plus potential stamp duty, pretty straight forward with dual income households
We're rich
Inflation will go up.
Scripted