/biz/ - Business & Finance

>>54677697
Extremely. Prices are crashing around me as we speak and its glorious

>>54677711
Where are you? data shows nearly everywhere they are starting to go up again

>>54677697
How much to rent a kangaroo pouch, mate?

>>54677728
Data is pozzed, look at the real market

>>54677760
its going up around me, and I'm just regional victoria. hate to think what its like in Melb/Sydney

>>54677697
Beyond fucked. It's a miracle there hasn't been some sort of uprising. I guess no one can be fucked.

>>54677697
it's going up again, hope you got in while you could anon.
there is massive political and public interest in house prices here going up forever, it'd be insane to bet against housing.

>>54677697
dunno
springwood brisbane seems to be going up a bit so im happy that i own this place without a mortgage thanks to the [redacted] rebrand to neo

>>54677697
Pollies will NEVER let housing crash bros

>>54677697
Who? What?

>>54677728
Dunno where that anon is but same thing here. Southern regional NSW and houses just sitting on the market with no one interested in buying so they have to drop the prices.

Could just be where I am though.

Sold last month to move money into other markets. All I need to do is outperform the housing market and that's easy since the yield was like 2 percent as a rental. Not only that but I think we will cool off further

>>54677697
who cares. you're Australian. you weren't meant to survive.

>>54677697
No idea but Melbourne is now bigger than Sydney, now that they include Milton in their zoning. Danimir Putlews is expanding west and I as a South Australian do not like it. That doesn't really have anything to do with your thread but it's what was on my mind.

>>54678447
Politicians will let housing prices crash when homeowners represent less than 50% of the population.

They can't be bargained with. They can't be reasoned with. They don't feel pity, or remorse, or fear. And they absolutely will not stop... ever, until you are broke.

>>54678615
If they include Melton, they might as well include Geelong...

>>54678647
About this, The home ownership rate of 30–34 year old’s was 64% in 1971, decreasing 14 percentage points to 50% in 2021. For Australians aged 25–29, the difference was similar – 50% in 1971, compared with 36% in 2021.

So, getting close to pollies pulling the pin.

Not nearly fucked enough. LET THE BODIES HIT THE FLOOR

>>54677697
me and some buddies were just talking about australia among other countries and decided that your only possible good fate long term is to be liberated, as we couldn't fathom you guys fighting off your government by yourselves. barely even any guns. fat chance getting liberated too with how isolated you all are.

>>54677728
volumes are(were) way down though, which is a sign its peaked

>>54677697
Might have to fuck off; she's full

>>54678665
who the fuck aged 25-29 owns their house in this country? Does it count people mortgaging who don't completely own it yet?

>>54678829
Yes, it does count people who have a mortgage.

>>54677697
It's completely fucked. The governments over the last few decades did everything they could to allow boomers to either pay off, or get close enough to paying off their houses before allowing the interest rates to skyrocket. No young person will own their own home without inheriting, or through new money.

>>54678829
>Does it count people mortgaging who don't completely own it yet?
that is probably 98% of the people presented in the statistics

>>54678876
isn't that kind of dishonest then? what happens if a divorce or a major life event or an economic downturn happens to impact those 39%? It becomes even less than that cuz they haven't even guaranteed the million dollar shitbox they'll spend decades paying off. It's the bank's now, no?

>>54678982
>jewish banking cartel
>isn't that kind of dishonest

what do you think?

give me one reason why would you want to be a 18-35 year old man in australia in the current year?
>> nanny state
>>fat manly women
>>rip off property

why live here when the best u can be is a wagie driving in rush hour in the mornings to pay your mortgage and feed your fat wife and bastard kids til you die at 60

just go to asia and enjoy your fuking youth
its a different world

mate one thing i love about Asia is you can meet the elite's daughters so easily
-literally book a 5 star hotel
-talk to the half asian half white chicks your age
-now have a network

you could NEVER do this in the west

best mix would be a mix of thailand malaysia and singapore when u want luxury imo

no idea about mongolia
japan is closed
indonesia/thai/phiilpines - never been but i assume they are dumps

don't waste your youth in aussie cunts..
they dropped it a few weeks ago cobba
it was 3 day quaratine prior mate

come on up and enjoy
>> $1000 a month 2 bedroom CBD apartments
>> $10 all you can eat feasts
>> 7 days a week night life, dining and entertainment
>> easy pleasant and feminine women

the fat boomers with SEAmonkey wives learnt the truth the hard way after 50+ years, a lifetime of waging and a divorce rape

lads skip the shit sandwich australia in 2023 makes you eat and learn from their mistakes while you are still young

>>54679038
Not saying youre wrong about huwite women but i dont see how swapping to jungle gooks is the answer.... your ancestors considered them barely human lmao

>>54679038
Easy on the meth pipe craig

>>54678829
Lmao, of course home ownership statistics include properties with mortgages.
My property settled yesterday, heart of a Aus capital city CBD with all the facilities I need. Apartment Gym is literally better than my previous club gym.
Bought off the plan before borders opened back up so apartment has gone up $100,000 in value. Will sell in 12 months for capital gain discount.
So much rentoid seething in this thread, it is literally exactly what I want to read this week after settlement. Enjoy the rental increpases and 100 person Property inspections kek

reminder that if your boomer grandparents or even parents don't already own their own home in Australia, it means they were the dumbest, most stupidest nigger brained dumbass in the world. Australia was easy mode for 50 years between 1950 and 2000.

>>54679322
My fellow geocon chad

>>54679322
Is there really 100 people turning up for a rental?

Last time I rented was in Melbourne in the late 2000s and I remember being the only person there and the every landlord hoping Id rent their place

>>54679334
All my grandparents own their place

My parents had a paid off house since the mid 1990s, but in the 2010's they decided use all the equity in their house to open a business which failed, so they were forced to sell their house and started renting.

>>54679322
I'm literally cumming in my pants non stop seeing 50 ppl line up to ALL of my 8 rentals that I've recently vacated for a joosi rent hike

>>54679397
I genuinely can't imagine being retarded enough to gamble my primary dwelling. I see my house as a vital organ, something I need to survive - not fucking equity. More than that, they fuck things generationally by stuffing you out of an inheritance/being able to save by living at home.

>>54679348
>>54679476
Glad some other anons get it. Was worried this thread was just seething rentoids that are NGMI
I work in an industry closely related with trends in interest rates and the housing market and I can assure you that buying this year in 2023 is the best thing someone can do.
Part of the problem is Australian buy into the “I must buy a home not an apartment, but housing is so expensive so I am going to buy in whoop whoop” but that’s a flawed mentality as those areas can be subject to rapid property value changes which will quickly push you into negative equity and from there you are fucked for years potentially.
My advice for other anons, buy off the plan, close to CBD and then wait for property to go up in value at completion (which will be two years with current construction industry delay) and either sell or move in love for 12 months then sell or use equity to buy cheaper investment property.

>>54679334
Ive gone NEET for the last year and my mate's dad has been taunting me by asking if Ive got a job yet. Last week I had enough and countered with "you got a house yet?". Literally went silent and walked out of the room. Imagine growing up through the final age of affordable housing and fucking it up. Not even one property. This is a 52 year old that has worked full time for 37 years.

>Sydney median house price: $1.6 million
What percentage is typical to put down in Australia?
If it's 20% how many Australians actually have $320000 for a deposit?

>>54678802
>I don't facken theenk the bloody codex astatees peemits it cunt