It is not a matter of if, but when. All thanks to the LNP federal governments for letting so many factors inflate housing prices way way above what they should have been. Things like mass immigration etc etc etc, Chinese investment, generous tax breaks all went into the mix in ma
A Paris based group is giving us a warning of financial instability lol. We better grab our yellow vests.
Will hit NZ Kiwibuild next.
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Major parties tangle on tax amid OECD house price warningOECD issues stark warning on state of housing market and how it could lead to a negative feedback loop War of words between political parties? Almost as if it’s politics.. Amazing. The parties did give a damn about interest rates & who lost their houses when housing market plummeted & interest rates went to 9%-10% after the GFC in 2010 and 2011 - right when many businesses were suffering & no-one could afford the loan rates increases. Hypocrites. Man who looks like a saucepan.
Source: smh - 🏆 6. / 80 Read more »
Major parties tangle on tax amid OECD house price warningSydney's house values have dropped by 9.6 per cent since a recent peak, and some private sector analysts have predicted falls of up to 20 per cent Oh it’s another “house value” dropping or increasing article! Don’t worry if you miss this one folks...it will be outdated by tomorrow prediction, which will be the opposite of today’s but identical to last Thursday’s 🙄 Stellar idea, incompetent and loss of governance. Not good enough and does not past the constituency test by no means. It’s different here!
Source: smh - 🏆 6. / 80 Read more »
Major parties tangle on tax amid OECD house price warningOECD issues stark warning on state of housing market and how it could lead to a negative feedback loop This problem was caused by past and current governments. If we are really free market country, why we are so concerned about price decline? Our housing price were way too high for young people. I can’t wait for the bubble to burst. Australian homes have been overpriced for over a decade. A correction needs to happen. Hopefully home ownership will become an attainable dream once again. Up 100% then down 8% . It is only a problem because the 100% up is driven by the RBA creating this bubble with cheap money, forcing people to borrow and spend rather than save. And the politicians as usual enjoying the benefits of artificial and leveraged growth. Disgraceful
Source: theage - 🏆 8. / 77 Read more »
'Prepare contingency plans': OECD warns Coalition government on falling house pricesThe Morrison government has been urged to start planning now for a house-price induced downward spiral that would end the nation's unparalleled run of economic growth Is 2 GDP per capita recessions unparalleled? 27 years of fake mass immigration Ponzi growth is a fraud and everybody knows it. So should the state governments who rely heavily on the stamp duty taxes!!!!
Source: theage - 🏆 8. / 77 Read more »
'Yeah, nah': The OECD has its eye on Australia's property market and it's worriedThe OECD has made a big call on the Australian property market. Using some of the most nuanced economic jargon around, it's gone yeah. Nah.
Source: theage - 🏆 8. / 77 Read more »
'Yeah, nah': The OECD has its eye on Australia's property market and it's worriedAnalysis: The OECD has made a big call on the Australian property market using some of the most nuanced economic jargon around: 'Yeah. Nah.' Possibly the best way to explain the whole political/economic situation Australia is in right now 😂😂 People have been talking down the Australian property market for as long as i can remember. Eventually they will be right but i am sick of hearing it
Source: smh - 🏆 6. / 80 Read more »
'Prepare contingency plans': OECD warns Coalition government on falling house pricesThe OECD has warned the Morrison government to start planning now for a house-price induced downward spiral that would end the nation's unparalleled run of growth. swrighteconomy Why prepare?! No govt or bank bothered to resist house price growth. That was seen as good for economy not the time bomb it is. swrighteconomy Good. Collapse. I want my first home purchase to be partly funded by the tears of the parasitic investors & boomers that inflated this bubble in the first place. swrighteconomy 'Prepare contingency plans'? The LNP have been barely able to govern and prepare policy's! Rather than addressing anything, other than their ideology, they will ignore the advice from the OECD, wait for the election, then blame Labor for the mess.
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House price collapse would 'pressure the whole economy', warns OECDAustralian regulators should be drafting contingency plans for a collapse in house prices, with a hard landing looming as a key risk to the wider economy, the OECD warns. That's what happens when you base your economy on flipping unproductive houses. Watch the retail and construction sectors after Christmas for job cuts as purse strings are tightened It's not a collapse, stop being hysterical
Source: abcnews - 🏆 5. / 83 Read more »