Let me know when it's 700bn.
and what? i'm a writer, i'll win the nobel prize before i can afford to own a house
Another 20% down to go before they return to levels affordable by normal humans
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House price falls in Sydney and Melbourne are accelerating, new figures showSydney's property market just recorded its worst quarterly performance since March 2005, with prices now falling for five consecutive quarters When I can get a three bedroom, on a quarter acre block, in Glebe for 125k, then it matters to me. Until then, I can only dream of owning a substandard shoe box (AKA studio apartment) if I win the lottery. Jimparedes Similar happened in the U.S. What we are seeing are the results of neoliberal economics.
Source: smh - 🏆 6. / 80 Read more »
Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down. This is what happened when you make it difficult for the wealthy Chinese to buy. Excellent! Liberal Parties Fault?
Source: theage - 🏆 8. / 77 Read more »
Weakest property market since 2008: Sydney, Melbourne house prices tumbleAustralian house prices have recorded their largest drop since the height of the GFC, with Sydney and Melbourne leading the way down. JennieDuke Excellent. JennieDuke Still an amazingly overpriced city for what you get versus price compared to most other places on the planet. JennieDuke Good
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House price falls prompting Australians to sit on their lands: NAB surveyAustralians expect house prices to fall a further 2.1 per cent nationally over the year, and few people are inclined to sell or buy in the downturn. This is just a correction happening in housing market. Nothing to worry. What goes up too fast will come down same speed or faster- law of gravity. haha!!! Sadly, I found that slightly punny while feeling slightly guilty about those caught up in this I always remember an alleged quote from Andrew Carnegie once the richest man in America: sir to what do you attribute your incredible wealth? Answer: selling too early!
Source: abcnews - 🏆 5. / 83 Read more »
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
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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!
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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 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
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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.
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