Australia housing bubble

[Yellow_Festiva]

Originally Posted by nstg8a

I was hoping it would be a grant that would help me build my shed or carport.

Alas the govt doesn’t want me to have more room for toys.


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Be a little creative with your application.

You could make a shed that had a small kitchen and bathroom that was "open plan" and have a covered "Alfresco" eating area.

Onced it's passed you can do a bit of creative modifications to get your garage and carport.

If you have been around the building game for a few years it's amazing how adaptable or open to interpretation some applications can be.

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[MercuryT]

Originally Posted by Franco Cozzo

Just do my trick, I can fit 5 cars in our front garden

Only 5......

[MercuryT]

Originally Posted by Yellow_Festiva

Be a little creative with your application.

Or don't even apply in the first place.

Depends on location but down my way plenty wing it and even if caught no action is taken.

(I'm not suggesting this as a good idea btw)

[Yellow_Festiva]

Originally Posted by MercuryT

Or don't even apply in the first place.



Depends on location but down my way plenty wing it and even if caught no action is taken.



(I'm not suggesting this as a good idea btw)

Apparently there is a rule of 6 or 7 years that if you do something without permission and it is there that long without council noticing it is allowed to remain?

Not sure if that's just a local council thing or broader?

Best to be on good terms with your neighbours.

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[Yellow_Festiva]

Originally Posted by MercuryT

Settlement on my house (fingers crossed) goes through tomorrow.

Excited about the future.

Did you get the dodgy pipe sorted??

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[Franco Cozzo]

Originally Posted by MercuryT

Only 5......

Our court is bogan central, we have cars everywhere, directly across the road has 8+ cars kicking about the front and there's 5 of us in the same court with very loud V8 Commodore/Caprice and someone else has a freakin' loud 1960s V8 Impala wagon

We're doing our bit to keep property values low for first home buyers.

Looking forward to my $25K 'Scomo Spondoolies' - should buy a nice BBQ for my kitchen,

I've already picked out my sink:

https://www.supercheapauto.com.au/p/...re/284715.html

Wait, I don't even need a sink I'll just use paper plates and plastic cutlery and throw em out.

[MercuryT]

Originally Posted by Yellow_Festiva

Did you get the dodgy pipe sorted??

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I actually was about to go to that thread. Plumber said not worth repairing so cut and shut it (I think you suggested that!)

Maybe i could have done it but i have the paperwork so buyer can't complain when I've paid for it (no tap anymore)

[MercuryT]

Originally Posted by Yellow_Festiva

Apparently there is a rule of 6 or 7 years that if you do something without permission and it is there that long without council noticing it is allowed to remain?

Not sure if that's just a local council thing or broader?

Best to be on good terms with your neighbours.

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I don't know mate but I suspect it would be a Council by Council decision.

I've known people who never get found out and sell etc no issues, others get found out and just forced to do the application and fees as they should have, and also some fined etc

Best do the right thing of course but it's certainly a grey area imo.

[nstg8a]

Originally Posted by Franco Cozzo

Just do my trick, I can fit 5 cars in our front garden

Haha, I have plenty of room if I wanted to go that way, but my missus says we have too many cars now.
She doesn’t care if she cant see them.

My plan was for a double garage top left corner of our yard, and a car port beside the garage.

I was hopeful the stimulus would be a like a dollar for dollar contribution up to 25k.
Ah well.

[naddis01]

So what happens with the grant if you have a change of circumstance and don't move into the house? I assume you either don't receive it or you would have to pay it back?

[zilo]

Originally Posted by Bossxr8

Who the hell has 150k to put into a reno? What a worthless program.

But guess what?

The reason I have it is cause I don't peess it up paying the local tradies who have tickets on themselves...and most have never seen a recession (reckon they are worthover $1k a day)

The govt knows there are people out there that are just sitting back and waiting for the next exciting episode of the ponzie scheme.

[Captain Stubing]

Originally Posted by zilo

But guess what?

The reason I have it is cause I don't peess it up paying the local tradies who have tickets on themselves...and most have never seen a recession (reckon they are worthover $1k a day)

The govt knows there are people out there that are just sitting back and waiting for the next exciting episode of the ponzie scheme.

But don't you have to pay the local tradie to do the reno, and then submit your claim to the Gov to get the rebate? I don't think it covers work you do yourself.
I have a kitchen reno lined up, but it won't get any government funding.

[zilo]

Originally Posted by leesa

Assuming for a second it's the mum who has been staying home to raise the kids, men still have/find employment and can still support themselves afterwards. The break to the mum's career is often disastrous and then they face real documented discrimination trying to find work as a single mother, often they don't find work at all.

.

Have you not heard of the free child care thingey at taxpayers expense?

No excuses now...you gals can now work your asses off like us blokes.

Got news for you though Leesa, young ladies are hard work for employers at certain times every month......single mums are harder.

[zilo]

Originally Posted by Captain Stubing

But don't you have to pay the local tradie to do the reno, and then submit your claim to the Gov to get the rebate? I don't think it covers work you do yourself.
I have a kitchen reno lined up, but it won't get any government funding.

I discussed this with the lads today...
We think a registered owner builder is ok.....

(If you are silly enough to pay 150k for a kitchen reno that's not your fault.......if you get my drift)

[Captain Stubing]

Originally Posted by zilo

I discussed this with the lads today...
We think a registered owner builder is ok.....

Cool! He/She is a qualified tradie to satisfy Scomo.

Originally Posted by zilo

Got news for you though Leesa, young ladies are hard work for employers at certain times every month

As opposed to men who are often bags of uncontrolled testosterone and unjustifiably inflated egos all four weeks out of four, instead of just the one?

[Citroënbender]

Full moon, and the forum goes into Combat Mode.

Deep breaths please, and a socially distanced group hug.

https://m.youtube.com/watch?v=hgmBaE1cqD4

[asagaai]

Originally Posted by leesa

As opposed to men who are often bags of uncontrolled testosterone and unjustifiably inflated egos all four weeks out of four, instead of just the one?

I personally detest misogynists and misandrists. Both as bad as one another.

All these stereotypes of the sexes

And for every male who has had a bad separation there is a female who likewise has had a bad separation.

Life is hard for everyone- just suck it up, roll up your sleeves and get on with it and treat everyone with dignity and respect and we will all be better for it.

[Captain Stubing]

This thread is about the high cost of housing. Please keep the various genres out of it, they're irrelevant. Keep your personal attacks to PM's.

[MercuryT]

I think housing prices will fall.

% depending on where. I can't see an increase.

That's why I sold as I can't imagine my house being worth more in 12 months time than now.

I may be proven wrong.

[zilo]

Originally Posted by MercuryT

I think housing prices will fall.

% depending on where. I can't see an increase.

That's why I sold as I can't imagine my house being worth more in 12 months time than now.

I may be proven wrong.

You will be proven right....but it might take slightly longer 24-36 months.
that is what the consensus is amongst some circles.

[Work Horse]

Originally Posted by MercuryT

I think housing prices will fall.

% depending on where. I can't see an increase.

That's why I sold as I can't imagine my house being worth more in 12 months time than now.

I may be proven wrong.

I think you are on the money and right to sell when you did.

Our housing market and by extension (no pun intended), the Australian economy was supported (propped up) by immigration.

Immigration is over for the foreseeable future because of closed boarders due to Covid 19.

No amount of government stimulus can replace the demand for housing created by an increasing population.

It shows what a ponzi scheme it was to relying on ever increasing house values to keep the economy a float.

It would be great to have visionary leaders that took the chance now to create a more diverse economy. We could manufacture great stuff the world wanted!

Unfortunately I believe our elected representatives will wait until international Covid restrictions ease. Then we can increase immigration to levels that will drive demand in housing to drive prices up again. And we can sell what we dig out of the ground to try and get back to where we were.

In the mean time, house prices are going to take a hit.

IMHO

[PG2]

Originally Posted by Captain Stubing

This thread is about the high cost of housing. Please keep the various genres out of it, they're irrelevant. Keep your personal attacks to PM's.

I'll add that any further off-topic posts will be deleted. I won't close the thread because of the behaviour of a few so bans may be handed out if anyone wants to continue.

[Bossxr8]

Originally Posted by nstg8a

I was hoping it would be a grant that would help me build my shed or carport.

Alas the govt doesn’t want me to have more room for toys.


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I was hoping to use it to build an outdoor entertainment area/deck. Bloody scomo

Originally Posted by Yellow_Festiva

Be a little creative with your application.

You could make a shed that had a small kitchen and bathroom that was "open plan" and have a covered "Alfresco" eating area.

Onced it's passed you can do a bit of creative modifications to get your garage and carport.

If you have been around the building game for a few years it's amazing how adaptable or open to interpretation some applications can be.

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It's only allowed for internal works. No outdoor structures.

[roKWiz]

We needed a good recession. A housing fall would be nice.

[MercuryT]

Settlement done as hoped and money already in account.

Very relieved and happy as!

[FTE217]

Originally Posted by roKWiz

We needed a good recession. A housing fall would be nice.

correct, in saying that I'd sooner still be in a mortgage than not but thats my opinion depending your circumstances.
I'm ready for anything especially to pounce in the future.

[GXA]

When my parents bought in 1955, my grandfather said to my father "why are you buying now, they're gunna come down". Guess wot.....

I lived through the '90s recession. Prices might have flattened-off for a few years, but there was no dramatic drop.

The moral of the story is don't hang your hat on a magic 30% price plunge. It's not gunna happen....

[MercuryT]

There may not be any big drop, but prices definitely won't increase.

Only one way it can go it just depends on how much imho.

[GXA]

My dear old dad used to say....

"You can wish in one hand, and p155 in the other. Guess which one's gunna fill up first..."