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29-03-2006, 08:33 AM
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Smile
Join Date: Dec 2004
Location: Merrylands Sydney
Posts: 8,541
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The growth last year for the housing market was - 3.9% in NSW due to government guerilla economic tactics.They killed the NSW property market along with the mum and dad investors without super or backup.Without this the government will have to fork out more pension money in the future.Yesterday they have put further levies on property developers of new areas to foot the bill for infrastructure.
By contrast last years growth in Darwin and Perth have been close to 23%. These are the boom areas. My question is can anyone tell me how long they have been in this boom? Chances are they will target those markets as well and bring them to their knees depending on a time frame.
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29-03-2006, 08:39 AM
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Regular Member
Join Date: Jan 2005
Location: Mornington, Vic
Posts: 357
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Melbourne and Sydney had equivalent boom periods from 2002-2005 with NT and Perth very little.
Both Melb and Syd reduced at around the same rate, but has started to plateau now, and should probably boom again by about 2009. Perth started to boom around mid 2005. |
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29-03-2006, 08:42 AM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: QLD
Posts: 4,446
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Darwin has been growing like that for about 10yrs.
Qld also has added cost to new houses...for infrastructure..some as much as 130k on top.
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NSW housing market vs WA / NT.
Linear Mode
